MONTICELLO BANKSHARES, INC. RETIREMENT SAVINGS PLAN
Plan Contact
- Address: 50 NORTH MAIN STREET,MONTICELLO,KY
- Contact person: BECKY DOLEN
- Phone: (606) 348-8411
Plan General Information
MONTICELLO BANKSHARES, INC. RETIREMENT SAVINGS PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of MONTICELLO BANKSHARES, INC. RETIREMENT SAVINGS PLAN is $14,268,987.00.This plan was established in 1989.
MONTICELLO BANKSHARES, INC. RETIREMENT SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in MONTICELLO BANKSHARES, INC. RETIREMENT SAVINGS PLAN is 210
MONTICELLO BANKSHARES, INC. RETIREMENT SAVINGS PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for MONTICELLO BANKSHARES, INC. RETIREMENT SAVINGS PLAN is $67,947.00
MONTICELLO BANKSHARES, INC. RETIREMENT SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for MONTICELLO BANKSHARES, INC. RETIREMENT SAVINGS PLAN is $3,436.00.
MONTICELLO BANKSHARES, INC. RETIREMENT SAVINGS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in MONTICELLO BANKSHARES, INC. RETIREMENT SAVINGS PLAN is approximately $1,866.00
Investing in this additonal $1,866.00 for 20 years would give you extra $119,435.00, assuming a 10% annual return.
Investing in this additonal $1,866.00 for 20 years would give you extra $119,435.00, assuming a 10% annual return.
MONTICELLO BANKSHARES, INC. RETIREMENT SAVINGS PLAN Total Employer Contribution and Match Rate
In 2023, MONTICELLO BANKSHARES, INC. RETIREMENT SAVINGS PLAN allocates $391,898.00 to match its employees' contributions, providing an employer match rate of 55.49% of their contributions
MONTICELLO BANKSHARES, INC. RETIREMENT SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of MONTICELLO BANKSHARES, INC. RETIREMENT SAVINGS PLAN is 5.85%.
MONTICELLO BANKSHARES, INC. RETIREMENT SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for MONTICELLO BANKSHARES, INC. RETIREMENT SAVINGS PLAN is 13.56%. This measures the effectiveness of the plan participants' investments in the year.
MONTICELLO BANKSHARES, INC. RETIREMENT SAVINGS PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of MONTICELLO BANKSHARES, INC. RETIREMENT SAVINGS PLAN is 0.02%.
Enrollment Features
MONTICELLO BANKSHARES, INC. RETIREMENT 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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