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COASTAL BEND BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN & TRUST

Plan Contact

  • Address: 416 NORTH WATER STREET,CORPUS CHRISTI,TX
  • Contact person: SHEREE LEWIS
  • Phone: (361) 888-9310

Plan General Information

COASTAL BEND BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN & TRUST Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of COASTAL BEND BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN & TRUST is $13,552,232.00.This plan was established in 1999.

COASTAL BEND BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN & TRUST Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in COASTAL BEND BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN & TRUST is 164

COASTAL BEND BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN & TRUST Average Participant Retirement Account Value

In 2023, the average participant retirement account value for COASTAL BEND BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN & TRUST is $82,635.00

COASTAL BEND BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN & TRUST Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for COASTAL BEND BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN & TRUST is $2,159.00.

COASTAL BEND BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN & TRUST Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in COASTAL BEND BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN & TRUST is approximately $480.00
Investing in this additonal $480.00 for 20 years would give you extra $30,729.00, assuming a 10% annual return.

COASTAL BEND BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN & TRUST Total Employer Contribution and Match Rate

In 2023, COASTAL BEND BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN & TRUST allocates $78,744.00 to match its employees' contributions, providing an employer match rate of 22.94% of their contributions

COASTAL BEND BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN & TRUST Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of COASTAL BEND BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN & TRUST is 4.27%.

COASTAL BEND BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN & TRUST Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for COASTAL BEND BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN & TRUST is 6.16%. This measures the effectiveness of the plan participants' investments in the year.

COASTAL BEND BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN & TRUST Expense Ratio

In 2023, the investment and administrative expense ratio of COASTAL BEND BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN & TRUST is 0.01%.

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