CREWS BANKING RETIREMENT PLAN

Plan Contact

  • Address: 106 EAST MAIN STREET P.O. BOX 248,WAUCHULA,FL
  • Contact person: JAMES W CREWS JR
  • Phone: (863) 773-4151

Plan General Information

CREWS BANKING RETIREMENT PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of CREWS BANKING RETIREMENT PLAN is $36,581,450.00.This plan was established in 1965.

CREWS BANKING RETIREMENT PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in CREWS BANKING RETIREMENT PLAN is 454

CREWS BANKING RETIREMENT PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for CREWS BANKING RETIREMENT PLAN is $80,575.00

CREWS BANKING RETIREMENT PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for CREWS BANKING RETIREMENT PLAN is $4,543.00.

CREWS BANKING RETIREMENT PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in CREWS BANKING RETIREMENT PLAN is approximately $1,460.00
Investing in this additonal $1,460.00 for 20 years would give you extra $93,464.00, assuming a 10% annual return.

CREWS BANKING RETIREMENT PLAN Total Employer Contribution and Match Rate

In 2023, CREWS BANKING RETIREMENT PLAN allocates $663,011.00 to match its employees' contributions, providing an employer match rate of 34.18% of their contributions

CREWS BANKING RETIREMENT PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of CREWS BANKING RETIREMENT PLAN is 16.95%.

CREWS BANKING RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for CREWS BANKING RETIREMENT PLAN is 20.51%. This measures the effectiveness of the plan participants' investments in the year.

CREWS BANKING RETIREMENT PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of CREWS BANKING RETIREMENT PLAN is 0.28%.

Enrollment Features

CREWS BANKING RETIREMENT PLAN has the following features:
    Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.


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