SBA DEFINED CONTRIBUTION PLAN FOR VILLAGE BANK AND TRUST FINANCIAL CORPORATION
Plan Contact
- Address: P. O. BOX 330,MIDLOTHIAN,VA
- Contact person: CLAIRE POLLOCK
- Phone: (804) 432-1439
Plan General Information
SBA DEFINED CONTRIBUTION PLAN FOR VILLAGE BANK AND TRUST FINANCIAL CORPORATION Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of SBA DEFINED CONTRIBUTION PLAN FOR VILLAGE BANK AND TRUST FINANCIAL CORPORATION is $16,409,951.00.This plan was established in 2000.
SBA DEFINED CONTRIBUTION PLAN FOR VILLAGE BANK AND TRUST FINANCIAL CORPORATION Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in SBA DEFINED CONTRIBUTION PLAN FOR VILLAGE BANK AND TRUST FINANCIAL CORPORATION is 229
SBA DEFINED CONTRIBUTION PLAN FOR VILLAGE BANK AND TRUST FINANCIAL CORPORATION Average Participant Retirement Account Value
In 2023, the average participant retirement account value for SBA DEFINED CONTRIBUTION PLAN FOR VILLAGE BANK AND TRUST FINANCIAL CORPORATION is $71,659.00
SBA DEFINED CONTRIBUTION PLAN FOR VILLAGE BANK AND TRUST FINANCIAL CORPORATION Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for SBA DEFINED CONTRIBUTION PLAN FOR VILLAGE BANK AND TRUST FINANCIAL CORPORATION is $9,155.00.
SBA DEFINED CONTRIBUTION PLAN FOR VILLAGE BANK AND TRUST FINANCIAL CORPORATION Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in SBA DEFINED CONTRIBUTION PLAN FOR VILLAGE BANK AND TRUST FINANCIAL CORPORATION is approximately $1,719.00
Investing in this additonal $1,719.00 for 20 years would give you extra $110,037.00, assuming a 10% annual return.
Investing in this additonal $1,719.00 for 20 years would give you extra $110,037.00, assuming a 10% annual return.
SBA DEFINED CONTRIBUTION PLAN FOR VILLAGE BANK AND TRUST FINANCIAL CORPORATION Total Employer Contribution and Match Rate
In 2023, SBA DEFINED CONTRIBUTION PLAN FOR VILLAGE BANK AND TRUST FINANCIAL CORPORATION allocates $393,727.00 to match its employees' contributions, providing an employer match rate of 37.56% of their contributions
SBA DEFINED CONTRIBUTION PLAN FOR VILLAGE BANK AND TRUST FINANCIAL CORPORATION Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of SBA DEFINED CONTRIBUTION PLAN FOR VILLAGE BANK AND TRUST FINANCIAL CORPORATION is 17.68%.
SBA DEFINED CONTRIBUTION PLAN FOR VILLAGE BANK AND TRUST FINANCIAL CORPORATION Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for SBA DEFINED CONTRIBUTION PLAN FOR VILLAGE BANK AND TRUST FINANCIAL CORPORATION is 14.40%. This measures the effectiveness of the plan participants' investments in the year.
SBA DEFINED CONTRIBUTION PLAN FOR VILLAGE BANK AND TRUST FINANCIAL CORPORATION Expense Ratio
In 2023, the investment and administrative expense ratio of SBA DEFINED CONTRIBUTION PLAN FOR VILLAGE BANK AND TRUST FINANCIAL CORPORATION is 0.60%.
Enrollment Features
SBA DEFINED CONTRIBUTION PLAN FOR VILLAGE BANK AND TRUST FINANCIAL CORPORATION has the following features:Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
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