NORTH STATE BANK 401K PLAN AND ESOP
Plan Contact
- Address: 6204 FALLS OF NEUSE ROAD,RALEIGH,NC
- Contact person: AMANDA LLOYD
- Phone: (919) 645-3191
Plan General Information
NORTH STATE BANK 401K PLAN AND ESOP Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of NORTH STATE BANK 401K PLAN AND ESOP is $29,089,528.00.This plan was established in 2000.
NORTH STATE BANK 401K PLAN AND ESOP Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in NORTH STATE BANK 401K PLAN AND ESOP is 345
NORTH STATE BANK 401K PLAN AND ESOP Average Participant Retirement Account Value
In 2023, the average participant retirement account value for NORTH STATE BANK 401K PLAN AND ESOP is $84,317.00
NORTH STATE BANK 401K PLAN AND ESOP Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for NORTH STATE BANK 401K PLAN AND ESOP is $3,074.00.
NORTH STATE BANK 401K PLAN AND ESOP Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in NORTH STATE BANK 401K PLAN AND ESOP is approximately $4,232.00
Investing in this additonal $4,232.00 for 20 years would give you extra $270,886.00, assuming a 10% annual return.
Investing in this additonal $4,232.00 for 20 years would give you extra $270,886.00, assuming a 10% annual return.
NORTH STATE BANK 401K PLAN AND ESOP Total Employer Contribution and Match Rate
In 2023, NORTH STATE BANK 401K PLAN AND ESOP allocates $1,460,248.00 to match its employees' contributions, providing an employer match rate of 144.60% of their contributions
NORTH STATE BANK 401K PLAN AND ESOP Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of NORTH STATE BANK 401K PLAN AND ESOP is 8.15%.
NORTH STATE BANK 401K PLAN AND ESOP Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for NORTH STATE BANK 401K PLAN AND ESOP is 10.25%. This measures the effectiveness of the plan participants' investments in the year.
NORTH STATE BANK 401K PLAN AND ESOP Expense Ratio
In 2023, the investment and administrative expense ratio of NORTH STATE BANK 401K PLAN AND ESOP is 0.32%.
Enrollment Features
NORTH STATE BANK 401K PLAN AND ESOP 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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