PARKWAY BANCORP, INC. 401(K) PLAN
- Address: 4800 NORTH HARLEM AVENUE,HARWOOD HEIGHTS,IL
- Contact person: FRANK J. LIS
- Phone: (708) 869-2629
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.
At the end of 2022, the total retirement plan assets of PARKWAY BANCORP, INC. 401(K) PLAN is $25,676,006.00.This plan was established in 1994.
At the end of 2022, the total number of retirement plan participants in PARKWAY BANCORP, INC. 401(K) PLAN is 323
In 2022, the average participant retirement account value for PARKWAY BANCORP, INC. 401(K) PLAN is $79,492.00
In 2022, the estimated average employee contribution amount per participant for PARKWAY BANCORP, INC. 401(K) PLAN is $2,312.00
In 2022, the estimated average employer match for an employee in PARKWAY BANCORP, INC. 401(K) PLAN is approximately $1,423.00
In 2022, PARKWAY BANCORP, INC. 401(K) PLAN allocates $459,827.00 to match its employees' contributions, providing an employer match rate of 52.34% of their contributions
In 2022, the total retirement plan asset growth rate of PARKWAY BANCORP, INC. 401(K) PLAN is -12.10%
In 2022, the estimated aggregate retirement account investment gain/loss for PARKWAY BANCORP, INC. 401(K) PLAN is -7.54%. This measures the effectiveness of the plan participants' investments in the year.
In 2022, the investment and administrative expense ratio of PARKWAY BANCORP, INC. 401(K) PLAN is 0.30%.
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