SBERA 401K PLAN AS ADOPTED BY LAWRENCE SAVINGS BANK

Plan Contact

  • Contact person: THOMAS FORESE JR
  • Phone: (978) 725-7623

Plan General Information

SBERA 401K PLAN AS ADOPTED BY LAWRENCE SAVINGS BANK Total Retirement Plan Assets

At the end of 2004, the total retirement plan assets of SBERA 401K PLAN AS ADOPTED BY LAWRENCE SAVINGS BANK is $4,603,875.00.This plan was established in 1994.

SBERA 401K PLAN AS ADOPTED BY LAWRENCE SAVINGS BANK Total Number of Retirement Plan Participants

At the end of 2004, the total number of retirement plan participants in SBERA 401K PLAN AS ADOPTED BY LAWRENCE SAVINGS BANK is 126

SBERA 401K PLAN AS ADOPTED BY LAWRENCE SAVINGS BANK Average Participant Retirement Account Value

In 2004, the average participant retirement account value for SBERA 401K PLAN AS ADOPTED BY LAWRENCE SAVINGS BANK is $36,538.00

SBERA 401K PLAN AS ADOPTED BY LAWRENCE SAVINGS BANK Estimated Average Employee Contribution Amount

In 2004, the estimated average employee contribution amount per participant for SBERA 401K PLAN AS ADOPTED BY LAWRENCE SAVINGS BANK is $5,315.00.

SBERA 401K PLAN AS ADOPTED BY LAWRENCE SAVINGS BANK Estimated Average Employer Match

In 2004, the estimated average employer match for an employee in SBERA 401K PLAN AS ADOPTED BY LAWRENCE SAVINGS BANK is approximately $834.00
Investing in this additonal $834.00 for 20 years would give you extra $53,376.00, assuming a 10% annual return.

SBERA 401K PLAN AS ADOPTED BY LAWRENCE SAVINGS BANK Total Employer Contribution and Match Rate

In 2004, SBERA 401K PLAN AS ADOPTED BY LAWRENCE SAVINGS BANK allocates $105,084.00 to match its employees' contributions, providing an employer match rate of 31.38% of their contributions

SBERA 401K PLAN AS ADOPTED BY LAWRENCE SAVINGS BANK Total Retirement Plan Asset Growth Rate

In 2004, the total retirement plan asset growth rate of SBERA 401K PLAN AS ADOPTED BY LAWRENCE SAVINGS BANK is 14.62%.

SBERA 401K PLAN AS ADOPTED BY LAWRENCE SAVINGS BANK Estimated Aggregate Retirement Account Investment Gain/Loss

In 2004, the estimated aggregate retirement account investment gain/loss for SBERA 401K PLAN AS ADOPTED BY LAWRENCE SAVINGS BANK is 9.95%. This measures the effectiveness of the plan participants' investments in the year.

SBERA 401K PLAN AS ADOPTED BY LAWRENCE SAVINGS BANK Expense Ratio

In 2004, the investment and administrative expense ratio of SBERA 401K PLAN AS ADOPTED BY LAWRENCE SAVINGS BANK is 0.00%.

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