COMMONWEALTH BANK OF AUSTRALIA EMPLOYEES 401K SAVINGS PLAN
Plan Contact
- Address: 599 LEXINGTON AVE,,NEW YORK,NY
- Contact person: ROBERTA MADDEN
- Phone: (212) 848-9200
Plan General Information
COMMONWEALTH BANK OF AUSTRALIA EMPLOYEES 401K SAVINGS PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of COMMONWEALTH BANK OF AUSTRALIA EMPLOYEES 401K SAVINGS PLAN is $28,244,256.00.This plan was established in 1987.
COMMONWEALTH BANK OF AUSTRALIA EMPLOYEES 401K SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in COMMONWEALTH BANK OF AUSTRALIA EMPLOYEES 401K SAVINGS PLAN is 170
COMMONWEALTH BANK OF AUSTRALIA EMPLOYEES 401K SAVINGS PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for COMMONWEALTH BANK OF AUSTRALIA EMPLOYEES 401K SAVINGS PLAN is $166,142.00
COMMONWEALTH BANK OF AUSTRALIA EMPLOYEES 401K SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for COMMONWEALTH BANK OF AUSTRALIA EMPLOYEES 401K SAVINGS PLAN is $8,104.00.
COMMONWEALTH BANK OF AUSTRALIA EMPLOYEES 401K SAVINGS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in COMMONWEALTH BANK OF AUSTRALIA EMPLOYEES 401K SAVINGS PLAN is approximately $5,878.00
Investing in this additonal $5,878.00 for 20 years would give you extra $376,217.00, assuming a 10% annual return.
Investing in this additonal $5,878.00 for 20 years would give you extra $376,217.00, assuming a 10% annual return.
COMMONWEALTH BANK OF AUSTRALIA EMPLOYEES 401K SAVINGS PLAN Total Employer Contribution and Match Rate
In 2023, COMMONWEALTH BANK OF AUSTRALIA EMPLOYEES 401K SAVINGS PLAN allocates $999,328.00 to match its employees' contributions, providing an employer match rate of 72.96% of their contributions
COMMONWEALTH BANK OF AUSTRALIA EMPLOYEES 401K SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of COMMONWEALTH BANK OF AUSTRALIA EMPLOYEES 401K SAVINGS PLAN is 23.16%.
COMMONWEALTH BANK OF AUSTRALIA EMPLOYEES 401K SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for COMMONWEALTH BANK OF AUSTRALIA EMPLOYEES 401K SAVINGS PLAN is 15.54%. This measures the effectiveness of the plan participants' investments in the year.
COMMONWEALTH BANK OF AUSTRALIA EMPLOYEES 401K SAVINGS PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of COMMONWEALTH BANK OF AUSTRALIA EMPLOYEES 401K SAVINGS PLAN is 0.35%.
Enrollment Features
COMMONWEALTH BANK OF AUSTRALIA EMPLOYEES 401K SAVINGS PLAN has the following features:Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
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