PEOPLES BANK 401K AND ESOP PLAN
Plan Contact
- Address: 5820 82ND ST,LUBBOCK,TX
- Contact person: LARRY ALLEN
- Phone: (806) 794-0044
Plan General Information
PEOPLES BANK 401K AND ESOP PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of PEOPLES BANK 401K AND ESOP PLAN is $21,239,481.00.This plan was established in 1990.
PEOPLES BANK 401K AND ESOP PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in PEOPLES BANK 401K AND ESOP PLAN is 144
PEOPLES BANK 401K AND ESOP PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for PEOPLES BANK 401K AND ESOP PLAN is $147,496.00
PEOPLES BANK 401K AND ESOP PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for PEOPLES BANK 401K AND ESOP PLAN is $7,545.00.
PEOPLES BANK 401K AND ESOP PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in PEOPLES BANK 401K AND ESOP PLAN is approximately $4,060.00
Investing in this additonal $4,060.00 for 20 years would give you extra $259,842.00, assuming a 10% annual return.
Investing in this additonal $4,060.00 for 20 years would give you extra $259,842.00, assuming a 10% annual return.
PEOPLES BANK 401K AND ESOP PLAN Total Employer Contribution and Match Rate
In 2023, PEOPLES BANK 401K AND ESOP PLAN allocates $584,645.00 to match its employees' contributions, providing an employer match rate of 107.61% of their contributions
PEOPLES BANK 401K AND ESOP PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of PEOPLES BANK 401K AND ESOP PLAN is 14.33%.
PEOPLES BANK 401K AND ESOP PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for PEOPLES BANK 401K AND ESOP PLAN is 9.60%. This measures the effectiveness of the plan participants' investments in the year.
PEOPLES BANK 401K AND ESOP PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of PEOPLES BANK 401K AND ESOP PLAN is 0.42%.
Enrollment Features
PEOPLES BANK 401K AND ESOP 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.
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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