PREMIER FINANCIAL BANCORP, INC. 401(K) PLAN

Address: 2883 5TH AVE,HUNTINGTON,WV
Contact person: TONYA STEELE
Phone: (740) 374-6176

PREMIER FINANCIAL BANCORP, INC. 401(K) PLAN has the following features:
Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.

At the end of 2022, the total retirement plan assets of PREMIER FINANCIAL BANCORP, INC. 401(K) PLAN is $13,085,168.00.This plan was established in 1984.

At the end of 2022, the total number of retirement plan participants in PREMIER FINANCIAL BANCORP, INC. 401(K) PLAN is 282

In 2022, the average participant retirement account value for PREMIER FINANCIAL BANCORP, INC. 401(K) PLAN is $46,401.00

In 2022, the estimated average employee contribution amount per participant for PREMIER FINANCIAL BANCORP, INC. 401(K) PLAN is $3,051.00

In 2022, the estimated average employer match for an employee in PREMIER FINANCIAL BANCORP, INC. 401(K) PLAN is approximately $1,761.00

In 2022, PREMIER FINANCIAL BANCORP, INC. 401(K) PLAN allocates $496,689.00 to match its employees' contributions, providing an employer match rate of 46.50% of their contributions

In 2022, the total retirement plan asset growth rate of PREMIER FINANCIAL BANCORP, INC. 401(K) PLAN is 0.00%

In 2022, the estimated aggregate retirement account investment gain/loss for PREMIER FINANCIAL BANCORP, INC. 401(K) PLAN is 138.17%. This measures the effectiveness of the plan participants' investments in the year.

In 2022, the investment and administrative expense ratio of PREMIER FINANCIAL BANCORP, INC. 401(K) PLAN is 0.12%.

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