LONE STAR NATIONAL BANCSHARES-TEXAS, INC EMPLOYEE STOCK OWNERSHIP PLAN
Plan Contact
- Address: 520 EAST NOLANA AVE,MCALLEN,TX
- Contact person: MARCELO GARCIA
- Phone: (856) 984-2866
Plan General Information
LONE STAR NATIONAL BANCSHARES-TEXAS, INC EMPLOYEE STOCK OWNERSHIP PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of LONE STAR NATIONAL BANCSHARES-TEXAS, INC EMPLOYEE STOCK OWNERSHIP PLAN is $33,563,812.00.This plan was established in 1994.
LONE STAR NATIONAL BANCSHARES-TEXAS, INC EMPLOYEE STOCK OWNERSHIP PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in LONE STAR NATIONAL BANCSHARES-TEXAS, INC EMPLOYEE STOCK OWNERSHIP PLAN is 996
LONE STAR NATIONAL BANCSHARES-TEXAS, INC EMPLOYEE STOCK OWNERSHIP PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for LONE STAR NATIONAL BANCSHARES-TEXAS, INC EMPLOYEE STOCK OWNERSHIP PLAN is $33,698.00
LONE STAR NATIONAL BANCSHARES-TEXAS, INC EMPLOYEE STOCK OWNERSHIP PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for LONE STAR NATIONAL BANCSHARES-TEXAS, INC EMPLOYEE STOCK OWNERSHIP PLAN is $3,484.00.
LONE STAR NATIONAL BANCSHARES-TEXAS, INC EMPLOYEE STOCK OWNERSHIP PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in LONE STAR NATIONAL BANCSHARES-TEXAS, INC EMPLOYEE STOCK OWNERSHIP PLAN is approximately $681.00
Investing in this additonal $681.00 for 20 years would give you extra $43,636.00, assuming a 10% annual return.
Investing in this additonal $681.00 for 20 years would give you extra $43,636.00, assuming a 10% annual return.
LONE STAR NATIONAL BANCSHARES-TEXAS, INC EMPLOYEE STOCK OWNERSHIP PLAN Total Employer Contribution and Match Rate
In 2023, LONE STAR NATIONAL BANCSHARES-TEXAS, INC EMPLOYEE STOCK OWNERSHIP PLAN allocates $679,100.00 to match its employees' contributions, providing an employer match rate of 39.13% of their contributions
LONE STAR NATIONAL BANCSHARES-TEXAS, INC EMPLOYEE STOCK OWNERSHIP PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of LONE STAR NATIONAL BANCSHARES-TEXAS, INC EMPLOYEE STOCK OWNERSHIP PLAN is 18.52%.
LONE STAR NATIONAL BANCSHARES-TEXAS, INC EMPLOYEE STOCK OWNERSHIP PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for LONE STAR NATIONAL BANCSHARES-TEXAS, INC EMPLOYEE STOCK OWNERSHIP PLAN is 14.87%. This measures the effectiveness of the plan participants' investments in the year.
LONE STAR NATIONAL BANCSHARES-TEXAS, INC EMPLOYEE STOCK OWNERSHIP PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of LONE STAR NATIONAL BANCSHARES-TEXAS, INC EMPLOYEE STOCK OWNERSHIP PLAN is 0.36%.
Enrollment Features
LONE STAR NATIONAL BANCSHARES-TEXAS, INC EMPLOYEE STOCK OWNERSHIP 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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