FIRST WESTERN BANK & TRUST 401(K)
- Address: 900 SOUTH BROADWAY,,MINOT,ND
- Phone: (701) 852-3711
FIRST WESTERN BANK & TRUST 401(K) has the following features:
Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
At the end of 2022, the total retirement plan assets of FIRST WESTERN BANK & TRUST 401(K) is $32,842,128.00.This plan was established in 1997.
At the end of 2022, the total number of retirement plan participants in FIRST WESTERN BANK & TRUST 401(K) is 444
In 2022, the average participant retirement account value for FIRST WESTERN BANK & TRUST 401(K) is $73,968.00
In 2022, the estimated average employee contribution amount per participant for FIRST WESTERN BANK & TRUST 401(K) is $5,055.00
In 2022, the estimated average employer match for an employee in FIRST WESTERN BANK & TRUST 401(K) is approximately $2,700.00
In 2022, FIRST WESTERN BANK & TRUST 401(K) allocates $1,198,877.00 to match its employees' contributions, providing an employer match rate of 56.12% of their contributions
In 2022, the total retirement plan asset growth rate of FIRST WESTERN BANK & TRUST 401(K) is -5.30%
In 2022, the estimated aggregate retirement account investment gain/loss for FIRST WESTERN BANK & TRUST 401(K) is -15.42%. This measures the effectiveness of the plan participants' investments in the year.
In 2022, the investment and administrative expense ratio of FIRST WESTERN BANK & TRUST 401(K) is 0.06%.
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