COMMUNITYBANK OF TEXAS, A DIVISION OF ALLEGIANCE BANK
Plan Contact
- Address: 9 GREENWAY PLAZA, SUITE 110,HOUSTON,TX
- Contact person: KELLY HEBERT
- Phone: (409) 861-7239
Plan General Information
COMMUNITYBANK OF TEXAS, A DIVISION OF ALLEGIANCE BANK Total Retirement Plan Assets
At the end of 2022, the total retirement plan assets of COMMUNITYBANK OF TEXAS, A DIVISION OF ALLEGIANCE BANK is $49,618,062.00.This plan was established in 2020.
COMMUNITYBANK OF TEXAS, A DIVISION OF ALLEGIANCE BANK Total Number of Retirement Plan Participants
At the end of 2022, the total number of retirement plan participants in COMMUNITYBANK OF TEXAS, A DIVISION OF ALLEGIANCE BANK is 530
COMMUNITYBANK OF TEXAS, A DIVISION OF ALLEGIANCE BANK Average Participant Retirement Account Value
In 2022, the average participant retirement account value for COMMUNITYBANK OF TEXAS, A DIVISION OF ALLEGIANCE BANK is $93,618.00
COMMUNITYBANK OF TEXAS, A DIVISION OF ALLEGIANCE BANK Estimated Average Employee Contribution Amount
In 2022, the estimated average employee contribution amount per participant for COMMUNITYBANK OF TEXAS, A DIVISION OF ALLEGIANCE BANK is $11,930.00.
COMMUNITYBANK OF TEXAS, A DIVISION OF ALLEGIANCE BANK Estimated Average Employer Match
In 2022, the estimated average employer match for an employee in COMMUNITYBANK OF TEXAS, A DIVISION OF ALLEGIANCE BANK is approximately $4,194.00
Investing in this additonal $4,194.00 for 20 years would give you extra $268,459.00, assuming a 10% annual return.
Investing in this additonal $4,194.00 for 20 years would give you extra $268,459.00, assuming a 10% annual return.
COMMUNITYBANK OF TEXAS, A DIVISION OF ALLEGIANCE BANK Total Employer Contribution and Match Rate
In 2022, COMMUNITYBANK OF TEXAS, A DIVISION OF ALLEGIANCE BANK allocates $2,223,177.00 to match its employees' contributions, providing an employer match rate of 70.32% of their contributions
COMMUNITYBANK OF TEXAS, A DIVISION OF ALLEGIANCE BANK Total Retirement Plan Asset Growth Rate
In 2022, the total retirement plan asset growth rate of COMMUNITYBANK OF TEXAS, A DIVISION OF ALLEGIANCE BANK is -16.59%.
COMMUNITYBANK OF TEXAS, A DIVISION OF ALLEGIANCE BANK Estimated Aggregate Retirement Account Investment Gain/Loss
In 2022, the estimated aggregate retirement account investment gain/loss for COMMUNITYBANK OF TEXAS, A DIVISION OF ALLEGIANCE BANK is -15.19%. This measures the effectiveness of the plan participants' investments in the year.
COMMUNITYBANK OF TEXAS, A DIVISION OF ALLEGIANCE BANK Expense Ratio
In 2022, the investment and administrative expense ratio of COMMUNITYBANK OF TEXAS, A DIVISION OF ALLEGIANCE BANK is 0.20%.
Enrollment Features
COMMUNITYBANK OF TEXAS, A DIVISION OF ALLEGIANCE BANK 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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