IBT BANCORP EMPLOYEES SAVINGS & PROFIT SHARING PLAN AND TRUST
Plan Contact
- Contact person: DAN EVERSOLE
- Phone: (989) 779-6205
Plan General Information
IBT BANCORP EMPLOYEES SAVINGS & PROFIT SHARING PLAN AND TRUST Total Retirement Plan Assets
At the end of 2007, the total retirement plan assets of IBT BANCORP EMPLOYEES SAVINGS & PROFIT SHARING PLAN AND TRUST is $4,709,627.00.This plan was established in 2007.
IBT BANCORP EMPLOYEES SAVINGS & PROFIT SHARING PLAN AND TRUST Total Number of Retirement Plan Participants
At the end of 2007, the total number of retirement plan participants in IBT BANCORP EMPLOYEES SAVINGS & PROFIT SHARING PLAN AND TRUST is 274
IBT BANCORP EMPLOYEES SAVINGS & PROFIT SHARING PLAN AND TRUST Average Participant Retirement Account Value
In 2007, the average participant retirement account value for IBT BANCORP EMPLOYEES SAVINGS & PROFIT SHARING PLAN AND TRUST is $17,188.00
IBT BANCORP EMPLOYEES SAVINGS & PROFIT SHARING PLAN AND TRUST Estimated Average Employee Contribution Amount
In 2007, the estimated average employee contribution amount per participant for IBT BANCORP EMPLOYEES SAVINGS & PROFIT SHARING PLAN AND TRUST is $4,657.00.
IBT BANCORP EMPLOYEES SAVINGS & PROFIT SHARING PLAN AND TRUST Estimated Average Employer Match
In 2007, the estimated average employer match for an employee in IBT BANCORP EMPLOYEES SAVINGS & PROFIT SHARING PLAN AND TRUST is approximately $1,668.00
Investing in this additonal $1,668.00 for 20 years would give you extra $106,800.00, assuming a 10% annual return.
Investing in this additonal $1,668.00 for 20 years would give you extra $106,800.00, assuming a 10% annual return.
IBT BANCORP EMPLOYEES SAVINGS & PROFIT SHARING PLAN AND TRUST Total Employer Contribution and Match Rate
In 2007, IBT BANCORP EMPLOYEES SAVINGS & PROFIT SHARING PLAN AND TRUST allocates $457,238.00 to match its employees' contributions, providing an employer match rate of 71.67% of their contributions
IBT BANCORP EMPLOYEES SAVINGS & PROFIT SHARING PLAN AND TRUST Expense Ratio
In 2007, the investment and administrative expense ratio of IBT BANCORP EMPLOYEES SAVINGS & PROFIT SHARING PLAN AND TRUST is 0.62%.
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