PARKWAY BANCORP, INC. 401(K) PLAN

Plan Contact

  • Address: 4800 NORTH HARLEM AVENUE,HARWOOD HEIGHTS,IL
  • Contact person: FRANK J. LIS
  • Phone: (708) 869-2629

Plan General Information

PARKWAY BANCORP, INC. 401(K) PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of PARKWAY BANCORP, INC. 401(K) PLAN is $28,885,293.00.This plan was established in 1994.

PARKWAY BANCORP, INC. 401(K) PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in PARKWAY BANCORP, INC. 401(K) PLAN is 453

PARKWAY BANCORP, INC. 401(K) PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for PARKWAY BANCORP, INC. 401(K) PLAN is $63,764.00

PARKWAY BANCORP, INC. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for PARKWAY BANCORP, INC. 401(K) PLAN is $2,082.00.

PARKWAY BANCORP, INC. 401(K) PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in PARKWAY BANCORP, INC. 401(K) PLAN is approximately $1,084.00
Investing in this additonal $1,084.00 for 20 years would give you extra $69,405.00, assuming a 10% annual return.

PARKWAY BANCORP, INC. 401(K) PLAN Total Employer Contribution and Match Rate

In 2023, PARKWAY BANCORP, INC. 401(K) PLAN allocates $491,259.00 to match its employees' contributions, providing an employer match rate of 53.02% of their contributions

PARKWAY BANCORP, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of PARKWAY BANCORP, INC. 401(K) PLAN is 12.50%.

PARKWAY BANCORP, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for PARKWAY BANCORP, INC. 401(K) PLAN is 13.94%. This measures the effectiveness of the plan participants' investments in the year.

PARKWAY BANCORP, INC. 401(K) PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of PARKWAY BANCORP, INC. 401(K) PLAN is 0.29%.

Enrollment Features

PARKWAY BANCORP, INC. 401(K) PLAN has the following features:
    Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
    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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