SBERA 401 K PLAN AS ADOPTED BY EASTERN BANK
Plan Contact
- Contact person: THOMAS FORESE JR.
- Phone: (781) 598-7948
Plan General Information
SBERA 401 K PLAN AS ADOPTED BY EASTERN BANK Total Retirement Plan Assets
At the end of 2006, the total retirement plan assets of SBERA 401 K PLAN AS ADOPTED BY EASTERN BANK is $65,786,404.00.This plan was established in 1992.
SBERA 401 K PLAN AS ADOPTED BY EASTERN BANK Total Number of Retirement Plan Participants
At the end of 2006, the total number of retirement plan participants in SBERA 401 K PLAN AS ADOPTED BY EASTERN BANK is 1851
SBERA 401 K PLAN AS ADOPTED BY EASTERN BANK Average Participant Retirement Account Value
In 2006, the average participant retirement account value for SBERA 401 K PLAN AS ADOPTED BY EASTERN BANK is $35,541.00
SBERA 401 K PLAN AS ADOPTED BY EASTERN BANK Estimated Average Employee Contribution Amount
In 2006, the estimated average employee contribution amount per participant for SBERA 401 K PLAN AS ADOPTED BY EASTERN BANK is $4,665.00.
SBERA 401 K PLAN AS ADOPTED BY EASTERN BANK Estimated Average Employer Match
In 2006, the estimated average employer match for an employee in SBERA 401 K PLAN AS ADOPTED BY EASTERN BANK is approximately $1,333.00
Investing in this additonal $1,333.00 for 20 years would give you extra $85,338.00, assuming a 10% annual return.
Investing in this additonal $1,333.00 for 20 years would give you extra $85,338.00, assuming a 10% annual return.
SBERA 401 K PLAN AS ADOPTED BY EASTERN BANK Total Employer Contribution and Match Rate
In 2006, SBERA 401 K PLAN AS ADOPTED BY EASTERN BANK allocates $2,468,151.00 to match its employees' contributions, providing an employer match rate of 57.16% of their contributions
SBERA 401 K PLAN AS ADOPTED BY EASTERN BANK Total Retirement Plan Asset Growth Rate
In 2006, the total retirement plan asset growth rate of SBERA 401 K PLAN AS ADOPTED BY EASTERN BANK is 16.03%.
SBERA 401 K PLAN AS ADOPTED BY EASTERN BANK Estimated Aggregate Retirement Account Investment Gain/Loss
In 2006, the estimated aggregate retirement account investment gain/loss for SBERA 401 K PLAN AS ADOPTED BY EASTERN BANK is 13.76%. This measures the effectiveness of the plan participants' investments in the year.
SBERA 401 K PLAN AS ADOPTED BY EASTERN BANK Expense Ratio
In 2006, the investment and administrative expense ratio of SBERA 401 K PLAN AS ADOPTED BY EASTERN BANK is 0.00%.
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