SBERA 401 K PLAN AS ADOPTED BY PEOPLESBANK

Plan Contact

  • Contact person: THOMAS FORESE JR.
  • Phone: (413) 538-9500

Plan General Information

SBERA 401 K PLAN AS ADOPTED BY PEOPLESBANK Total Retirement Plan Assets

At the end of 2003, the total retirement plan assets of SBERA 401 K PLAN AS ADOPTED BY PEOPLESBANK is $3,848,031.00.This plan was established in 1988.

SBERA 401 K PLAN AS ADOPTED BY PEOPLESBANK Total Number of Retirement Plan Participants

At the end of 2003, the total number of retirement plan participants in SBERA 401 K PLAN AS ADOPTED BY PEOPLESBANK is 211

SBERA 401 K PLAN AS ADOPTED BY PEOPLESBANK Average Participant Retirement Account Value

In 2003, the average participant retirement account value for SBERA 401 K PLAN AS ADOPTED BY PEOPLESBANK is $18,237.00

SBERA 401 K PLAN AS ADOPTED BY PEOPLESBANK Estimated Average Employee Contribution Amount

In 2003, the estimated average employee contribution amount per participant for SBERA 401 K PLAN AS ADOPTED BY PEOPLESBANK is $4,214.00.

SBERA 401 K PLAN AS ADOPTED BY PEOPLESBANK Estimated Average Employer Match

In 2003, the estimated average employer match for an employee in SBERA 401 K PLAN AS ADOPTED BY PEOPLESBANK is approximately $359.00
Investing in this additonal $359.00 for 20 years would give you extra $23,008.00, assuming a 10% annual return.

SBERA 401 K PLAN AS ADOPTED BY PEOPLESBANK Total Employer Contribution and Match Rate

In 2003, SBERA 401 K PLAN AS ADOPTED BY PEOPLESBANK allocates $75,857.00 to match its employees' contributions, providing an employer match rate of 17.06% of their contributions

SBERA 401 K PLAN AS ADOPTED BY PEOPLESBANK Total Retirement Plan Asset Growth Rate

In 2003, the total retirement plan asset growth rate of SBERA 401 K PLAN AS ADOPTED BY PEOPLESBANK is 40.38%.

SBERA 401 K PLAN AS ADOPTED BY PEOPLESBANK Estimated Aggregate Retirement Account Investment Gain/Loss

In 2003, the estimated aggregate retirement account investment gain/loss for SBERA 401 K PLAN AS ADOPTED BY PEOPLESBANK is 20.47%. This measures the effectiveness of the plan participants' investments in the year.

SBERA 401 K PLAN AS ADOPTED BY PEOPLESBANK Expense Ratio

In 2003, the investment and administrative expense ratio of SBERA 401 K PLAN AS ADOPTED BY PEOPLESBANK is 0.00%.

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