FINLAYSON BANCSHARES, INC. ESOP WITH 401K PROVISIONS
Plan Contact
- Address: 2203 FINLAND AVENUE,,FINLAYSON,MN
- Contact person: TINA RABE
- Phone: (320) 233-7575
Plan General Information
FINLAYSON BANCSHARES, INC. ESOP WITH 401K PROVISIONS Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of FINLAYSON BANCSHARES, INC. ESOP WITH 401K PROVISIONS is $30,040,743.00.This plan was established in 1990.
FINLAYSON BANCSHARES, INC. ESOP WITH 401K PROVISIONS Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in FINLAYSON BANCSHARES, INC. ESOP WITH 401K PROVISIONS is 250
FINLAYSON BANCSHARES, INC. ESOP WITH 401K PROVISIONS Average Participant Retirement Account Value
In 2023, the average participant retirement account value for FINLAYSON BANCSHARES, INC. ESOP WITH 401K PROVISIONS is $120,162.00
FINLAYSON BANCSHARES, INC. ESOP WITH 401K PROVISIONS Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for FINLAYSON BANCSHARES, INC. ESOP WITH 401K PROVISIONS is $3,199.00.
FINLAYSON BANCSHARES, INC. ESOP WITH 401K PROVISIONS Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in FINLAYSON BANCSHARES, INC. ESOP WITH 401K PROVISIONS is approximately $1,649.00
Investing in this additonal $1,649.00 for 20 years would give you extra $105,560.00, assuming a 10% annual return.
Investing in this additonal $1,649.00 for 20 years would give you extra $105,560.00, assuming a 10% annual return.
FINLAYSON BANCSHARES, INC. ESOP WITH 401K PROVISIONS Total Employer Contribution and Match Rate
In 2023, FINLAYSON BANCSHARES, INC. ESOP WITH 401K PROVISIONS allocates $412,347.00 to match its employees' contributions, providing an employer match rate of 54.84% of their contributions
FINLAYSON BANCSHARES, INC. ESOP WITH 401K PROVISIONS Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of FINLAYSON BANCSHARES, INC. ESOP WITH 401K PROVISIONS is 1.80%.
FINLAYSON BANCSHARES, INC. ESOP WITH 401K PROVISIONS Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for FINLAYSON BANCSHARES, INC. ESOP WITH 401K PROVISIONS is 7.67%. This measures the effectiveness of the plan participants' investments in the year.
FINLAYSON BANCSHARES, INC. ESOP WITH 401K PROVISIONS Expense Ratio
In 2023, the investment and administrative expense ratio of FINLAYSON BANCSHARES, INC. ESOP WITH 401K PROVISIONS is 0.15%.
Enrollment Features
FINLAYSON BANCSHARES, INC. ESOP WITH 401K PROVISIONS 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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