CORTLAND SAVINGS & BANKING COMPANY 401K PLAN
Plan Contact
- Address: 194 WEST MAIN STREET,CORTLAND,OH
- Contact person: PATRICIA JONES
- Phone: (330) 637-8040
Plan General Information
CORTLAND SAVINGS & BANKING COMPANY 401K PLAN Total Retirement Plan Assets
At the end of 2019, the total retirement plan assets of CORTLAND SAVINGS & BANKING COMPANY 401K PLAN is $15,835,786.00.This plan was established in 1984.
CORTLAND SAVINGS & BANKING COMPANY 401K PLAN Total Number of Retirement Plan Participants
At the end of 2019, the total number of retirement plan participants in CORTLAND SAVINGS & BANKING COMPANY 401K PLAN is 230
CORTLAND SAVINGS & BANKING COMPANY 401K PLAN Average Participant Retirement Account Value
In 2019, the average participant retirement account value for CORTLAND SAVINGS & BANKING COMPANY 401K PLAN is $68,851.00
CORTLAND SAVINGS & BANKING COMPANY 401K PLAN Estimated Average Employee Contribution Amount
In 2019, the estimated average employee contribution amount per participant for CORTLAND SAVINGS & BANKING COMPANY 401K PLAN is $5,319.00.
CORTLAND SAVINGS & BANKING COMPANY 401K PLAN Estimated Average Employer Match
In 2019, the estimated average employer match for an employee in CORTLAND SAVINGS & BANKING COMPANY 401K PLAN is approximately $1,597.00
Investing in this additonal $1,597.00 for 20 years would give you extra $102,216.00, assuming a 10% annual return.
Investing in this additonal $1,597.00 for 20 years would give you extra $102,216.00, assuming a 10% annual return.
CORTLAND SAVINGS & BANKING COMPANY 401K PLAN Total Employer Contribution and Match Rate
In 2019, CORTLAND SAVINGS & BANKING COMPANY 401K PLAN allocates $367,342.00 to match its employees' contributions, providing an employer match rate of 60.05% of their contributions
CORTLAND SAVINGS & BANKING COMPANY 401K PLAN Total Retirement Plan Asset Growth Rate
In 2019, the total retirement plan asset growth rate of CORTLAND SAVINGS & BANKING COMPANY 401K PLAN is 18.91%.
CORTLAND SAVINGS & BANKING COMPANY 401K PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2019, the estimated aggregate retirement account investment gain/loss for CORTLAND SAVINGS & BANKING COMPANY 401K PLAN is 16.54%. This measures the effectiveness of the plan participants' investments in the year.
CORTLAND SAVINGS & BANKING COMPANY 401K PLAN Expense Ratio
In 2019, the investment and administrative expense ratio of CORTLAND SAVINGS & BANKING COMPANY 401K PLAN is 0.12%.
Enrollment Features
CORTLAND SAVINGS & BANKING COMPANY 401K PLAN has the following features:Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.
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