DEFINED CONTRIBUTION PLAN FOR NEW PEOPLES BANK,INC
Plan Contact
- Address: 67 COMMERCE DRIVE,HONAKER,VA
- Contact person: LORI A. COUNTS
- Phone: (276) 873-7036
Plan General Information
DEFINED CONTRIBUTION PLAN FOR NEW PEOPLES BANK,INC Total Retirement Plan Assets
At the end of 2012, the total retirement plan assets of DEFINED CONTRIBUTION PLAN FOR NEW PEOPLES BANK,INC is $11,402,315.00.This plan was established in 1998.
DEFINED CONTRIBUTION PLAN FOR NEW PEOPLES BANK,INC Total Number of Retirement Plan Participants
At the end of 2012, the total number of retirement plan participants in DEFINED CONTRIBUTION PLAN FOR NEW PEOPLES BANK,INC is 364
DEFINED CONTRIBUTION PLAN FOR NEW PEOPLES BANK,INC Average Participant Retirement Account Value
In 2012, the average participant retirement account value for DEFINED CONTRIBUTION PLAN FOR NEW PEOPLES BANK,INC is $31,325.00
DEFINED CONTRIBUTION PLAN FOR NEW PEOPLES BANK,INC Estimated Average Employee Contribution Amount
In 2012, the estimated average employee contribution amount per participant for DEFINED CONTRIBUTION PLAN FOR NEW PEOPLES BANK,INC is $4,297.00.
DEFINED CONTRIBUTION PLAN FOR NEW PEOPLES BANK,INC Estimated Average Employer Match
In 2012, the estimated average employer match for an employee in DEFINED CONTRIBUTION PLAN FOR NEW PEOPLES BANK,INC is approximately $680.00
Investing in this additonal $680.00 for 20 years would give you extra $43,560.00, assuming a 10% annual return.
Investing in this additonal $680.00 for 20 years would give you extra $43,560.00, assuming a 10% annual return.
DEFINED CONTRIBUTION PLAN FOR NEW PEOPLES BANK,INC Total Employer Contribution and Match Rate
In 2012, DEFINED CONTRIBUTION PLAN FOR NEW PEOPLES BANK,INC allocates $247,748.00 to match its employees' contributions, providing an employer match rate of 31.68% of their contributions
DEFINED CONTRIBUTION PLAN FOR NEW PEOPLES BANK,INC Total Retirement Plan Asset Growth Rate
In 2012, the total retirement plan asset growth rate of DEFINED CONTRIBUTION PLAN FOR NEW PEOPLES BANK,INC is 0.43%.
DEFINED CONTRIBUTION PLAN FOR NEW PEOPLES BANK,INC Estimated Aggregate Retirement Account Investment Gain/Loss
In 2012, the estimated aggregate retirement account investment gain/loss for DEFINED CONTRIBUTION PLAN FOR NEW PEOPLES BANK,INC is 12.72%. This measures the effectiveness of the plan participants' investments in the year.
DEFINED CONTRIBUTION PLAN FOR NEW PEOPLES BANK,INC Expense Ratio
In 2012, the investment and administrative expense ratio of DEFINED CONTRIBUTION PLAN FOR NEW PEOPLES BANK,INC is 0.03%.
Enrollment Features
DEFINED CONTRIBUTION 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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