NEW PEOPLES BANK, INC. 401(K) PLAN
- Address: P. O. BOX 1810,HONAKER,VA
- Contact person: LORI COUNTS
- Phone: (276) 873-7036
| Investment Options of NEW PEOPLES BANK, INC. 401(K) PLAN (as of 2022) |
|---|
| NT EXT MKT IDX NL 4 (NORTHERN TRUST GLOBAL INVESTMENTS) |
| RT NY LIFE AA CL 0 (RELIANCE TRUST COMPANY) |
| NT AGGR BD IDX NL 4 (NORTHERN TRUST GLOBAL INVESTMENTS) |
| NT S&P 500 IDX NL 4 (NORTHERN TRUST GLOBAL INVESTMENTS) |
| NT ACWI EX US IMI 4 (NORTHERN TRUST GLOBAL INVESTMENTS) |
| Click for all funds ↓↓↓ |
| MFS MID CAP VALUE CT (WILMINGTON TRUST, N.A.) |
| MFS MID CP GROWTH CT (WILMINGTON TRUST, N.A.) |
| MFS LRG CAP VALUE CT (WILMINGTON TRUST, N.A.) |
NEW PEOPLES BANK, INC. 401(K) 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.
At the end of 2022, the total retirement plan assets of NEW PEOPLES BANK, INC. 401(K) PLAN is $12,437,501.00.This plan was established in 1998.
At the end of 2022, the total number of retirement plan participants in NEW PEOPLES BANK, INC. 401(K) PLAN is 263
In 2022, the average participant retirement account value for NEW PEOPLES BANK, INC. 401(K) PLAN is $47,290.00
In 2022, the estimated average employee contribution amount per participant for NEW PEOPLES BANK, INC. 401(K) PLAN is $2,290.00
In 2022, the estimated average employer match for an employee in NEW PEOPLES BANK, INC. 401(K) PLAN is approximately $931.00
In 2022, NEW PEOPLES BANK, INC. 401(K) PLAN allocates $245,090.00 to match its employees' contributions, providing an employer match rate of 40.39% of their contributions
In 2022, the total retirement plan asset growth rate of NEW PEOPLES BANK, INC. 401(K) PLAN is -16.31%
In 2022, the estimated aggregate retirement account investment gain/loss for NEW PEOPLES BANK, INC. 401(K) PLAN is -16.49%. This measures the effectiveness of the plan participants' investments in the year.
In 2022, the investment and administrative expense ratio of NEW PEOPLES BANK, INC. 401(K) PLAN is 0.59%.
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