NORTHEAST BANCORP 401(K) SAVINGS & RETIREMENT PLAN

Plan Contact

  • Address: 500 CANAL STREET,LEWISTON,ME
  • Contact person: BRIAN SHAUGHNESSY
  • Phone: (207) 786-3245

Plan General Information

NORTHEAST BANCORP 401(K) SAVINGS & RETIREMENT PLAN Total Retirement Plan Assets

At the end of 2014, the total retirement plan assets of NORTHEAST BANCORP 401(K) SAVINGS & RETIREMENT PLAN is $9,404,384.00.This plan was established in 1983.

NORTHEAST BANCORP 401(K) SAVINGS & RETIREMENT PLAN Total Number of Retirement Plan Participants

At the end of 2014, the total number of retirement plan participants in NORTHEAST BANCORP 401(K) SAVINGS & RETIREMENT PLAN is 254

NORTHEAST BANCORP 401(K) SAVINGS & RETIREMENT PLAN Average Participant Retirement Account Value

In 2014, the average participant retirement account value for NORTHEAST BANCORP 401(K) SAVINGS & RETIREMENT PLAN is $37,025.00

NORTHEAST BANCORP 401(K) SAVINGS & RETIREMENT PLAN Estimated Average Employee Contribution Amount

In 2014, the estimated average employee contribution amount per participant for NORTHEAST BANCORP 401(K) SAVINGS & RETIREMENT PLAN is $6,835.00.

NORTHEAST BANCORP 401(K) SAVINGS & RETIREMENT PLAN Estimated Average Employer Match

In 2014, the estimated average employer match for an employee in NORTHEAST BANCORP 401(K) SAVINGS & RETIREMENT PLAN is approximately $1,209.00
Investing in this additonal $1,209.00 for 20 years would give you extra $77,418.00, assuming a 10% annual return.

NORTHEAST BANCORP 401(K) SAVINGS & RETIREMENT PLAN Total Employer Contribution and Match Rate

In 2014, NORTHEAST BANCORP 401(K) SAVINGS & RETIREMENT PLAN allocates $307,253.00 to match its employees' contributions, providing an employer match rate of 35.40% of their contributions

NORTHEAST BANCORP 401(K) SAVINGS & RETIREMENT PLAN Total Retirement Plan Asset Growth Rate

In 2014, the total retirement plan asset growth rate of NORTHEAST BANCORP 401(K) SAVINGS & RETIREMENT PLAN is -0.70%.

NORTHEAST BANCORP 401(K) SAVINGS & RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2014, the estimated aggregate retirement account investment gain/loss for NORTHEAST BANCORP 401(K) SAVINGS & RETIREMENT PLAN is 6.19%. This measures the effectiveness of the plan participants' investments in the year.

NORTHEAST BANCORP 401(K) SAVINGS & RETIREMENT PLAN Expense Ratio

In 2014, the investment and administrative expense ratio of NORTHEAST BANCORP 401(K) SAVINGS & RETIREMENT PLAN is 0.53%.

Enrollment Features

NORTHEAST BANCORP 401(K) SAVINGS & RETIREMENT PLAN has the following features:
    Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.

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