KEARNY BANK EMPLOYEES' SAVINGS PLAN
Plan Contact
- Address: 120 PASSAIC AVENUE,FAIRFIELD,NJ
- Contact person: KIMBERLY T. MANFREDO
- Phone: (973) 244-4554
Plan General Information
KEARNY BANK EMPLOYEES' SAVINGS PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of KEARNY BANK EMPLOYEES' SAVINGS PLAN is $58,253,447.00.This plan was established in 2004.
KEARNY BANK EMPLOYEES' SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in KEARNY BANK EMPLOYEES' SAVINGS PLAN is 767
KEARNY BANK EMPLOYEES' SAVINGS PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for KEARNY BANK EMPLOYEES' SAVINGS PLAN is $75,949.00
KEARNY BANK EMPLOYEES' SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for KEARNY BANK EMPLOYEES' SAVINGS PLAN is $4,449.00.
KEARNY BANK EMPLOYEES' SAVINGS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in KEARNY BANK EMPLOYEES' SAVINGS PLAN is approximately $1,832.00
Investing in this additonal $1,832.00 for 20 years would give you extra $117,287.00, assuming a 10% annual return.
Investing in this additonal $1,832.00 for 20 years would give you extra $117,287.00, assuming a 10% annual return.
KEARNY BANK EMPLOYEES' SAVINGS PLAN Total Employer Contribution and Match Rate
In 2023, KEARNY BANK EMPLOYEES' SAVINGS PLAN allocates $1,405,618.00 to match its employees' contributions, providing an employer match rate of 42.66% of their contributions
KEARNY BANK EMPLOYEES' SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of KEARNY BANK EMPLOYEES' SAVINGS PLAN is 10.65%.
KEARNY BANK EMPLOYEES' SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for KEARNY BANK EMPLOYEES' SAVINGS PLAN is 13.79%. This measures the effectiveness of the plan participants' investments in the year.
KEARNY BANK EMPLOYEES' SAVINGS PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of KEARNY BANK EMPLOYEES' SAVINGS PLAN is 0.35%.
Enrollment Features
KEARNY BANK EMPLOYEES' SAVINGS PLAN 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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