DC PLAN FOR NEW PEOPLES BANK INC
Plan Contact
- Address: 67 COMMERCE DRIVE,HONAKER,VA
- Contact person: LORI COUNTS
- Phone: (276) 873-7036
Plan General Information
DC PLAN FOR NEW PEOPLES BANK INC Total Retirement Plan Assets
At the end of 2016, the total retirement plan assets of DC PLAN FOR NEW PEOPLES BANK INC is $13,110,060.00.This plan was established in 1998.
DC PLAN FOR NEW PEOPLES BANK INC Total Number of Retirement Plan Participants
At the end of 2016, the total number of retirement plan participants in DC PLAN FOR NEW PEOPLES BANK INC is 294
DC PLAN FOR NEW PEOPLES BANK INC Average Participant Retirement Account Value
In 2016, the average participant retirement account value for DC PLAN FOR NEW PEOPLES BANK INC is $44,592.00
DC PLAN FOR NEW PEOPLES BANK INC Estimated Average Employee Contribution Amount
In 2016, the estimated average employee contribution amount per participant for DC PLAN FOR NEW PEOPLES BANK INC is $3,577.00.
DC PLAN FOR NEW PEOPLES BANK INC Estimated Average Employer Match
In 2016, the estimated average employer match for an employee in DC PLAN FOR NEW PEOPLES BANK INC is approximately $932.00
Investing in this additonal $932.00 for 20 years would give you extra $59,663.00, assuming a 10% annual return.
Investing in this additonal $932.00 for 20 years would give you extra $59,663.00, assuming a 10% annual return.
DC PLAN FOR NEW PEOPLES BANK INC Total Employer Contribution and Match Rate
In 2016, DC PLAN FOR NEW PEOPLES BANK INC allocates $274,077.00 to match its employees' contributions, providing an employer match rate of 52.12% of their contributions
DC PLAN FOR NEW PEOPLES BANK INC Total Retirement Plan Asset Growth Rate
In 2016, the total retirement plan asset growth rate of DC PLAN FOR NEW PEOPLES BANK INC is 0.45%.
DC PLAN FOR NEW PEOPLES BANK INC Estimated Aggregate Retirement Account Investment Gain/Loss
In 2016, the estimated aggregate retirement account investment gain/loss for DC PLAN FOR NEW PEOPLES BANK INC is 5.89%. This measures the effectiveness of the plan participants' investments in the year.
DC PLAN FOR NEW PEOPLES BANK INC Expense Ratio
In 2016, the investment and administrative expense ratio of DC PLAN FOR NEW PEOPLES BANK INC is 0.09%.
Enrollment Features
DC PLAN FOR NEW PEOPLES BANK INC 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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