SBERA 401(K) PLAN AS ADOPTED BY NORTHEAST BANCORP

Plan Contact

  • Address: 500 CANAL STREET,LEWISTON,ME
  • Contact person: THOMAS FORESE JR
  • Phone: (207) 786-3245

Plan General Information

SBERA 401(K) PLAN AS ADOPTED BY NORTHEAST BANCORP Total Retirement Plan Assets

At the end of 2017, the total retirement plan assets of SBERA 401(K) PLAN AS ADOPTED BY NORTHEAST BANCORP is $13,458,487.00.This plan was established in 1983.

SBERA 401(K) PLAN AS ADOPTED BY NORTHEAST BANCORP Total Number of Retirement Plan Participants

At the end of 2017, the total number of retirement plan participants in SBERA 401(K) PLAN AS ADOPTED BY NORTHEAST BANCORP is 286

SBERA 401(K) PLAN AS ADOPTED BY NORTHEAST BANCORP Average Participant Retirement Account Value

In 2017, the average participant retirement account value for SBERA 401(K) PLAN AS ADOPTED BY NORTHEAST BANCORP is $47,057.00

SBERA 401(K) PLAN AS ADOPTED BY NORTHEAST BANCORP Estimated Average Employee Contribution Amount

In 2017, the estimated average employee contribution amount per participant for SBERA 401(K) PLAN AS ADOPTED BY NORTHEAST BANCORP is $7,164.00.

SBERA 401(K) PLAN AS ADOPTED BY NORTHEAST BANCORP Estimated Average Employer Match

In 2017, the estimated average employer match for an employee in SBERA 401(K) PLAN AS ADOPTED BY NORTHEAST BANCORP is approximately $1,230.00
Investing in this additonal $1,230.00 for 20 years would give you extra $78,780.00, assuming a 10% annual return.

SBERA 401(K) PLAN AS ADOPTED BY NORTHEAST BANCORP Total Employer Contribution and Match Rate

In 2017, SBERA 401(K) PLAN AS ADOPTED BY NORTHEAST BANCORP allocates $352,050.00 to match its employees' contributions, providing an employer match rate of 34.36% of their contributions

SBERA 401(K) PLAN AS ADOPTED BY NORTHEAST BANCORP Total Retirement Plan Asset Growth Rate

In 2017, the total retirement plan asset growth rate of SBERA 401(K) PLAN AS ADOPTED BY NORTHEAST BANCORP is 23.22%.

SBERA 401(K) PLAN AS ADOPTED BY NORTHEAST BANCORP Estimated Aggregate Retirement Account Investment Gain/Loss

In 2017, the estimated aggregate retirement account investment gain/loss for SBERA 401(K) PLAN AS ADOPTED BY NORTHEAST BANCORP is 15.54%. This measures the effectiveness of the plan participants' investments in the year.

SBERA 401(K) PLAN AS ADOPTED BY NORTHEAST BANCORP Expense Ratio

In 2017, the investment and administrative expense ratio of SBERA 401(K) PLAN AS ADOPTED BY NORTHEAST BANCORP is 0.00%.

Enrollment Features

SBERA 401(K) PLAN AS ADOPTED BY NORTHEAST BANCORP has the following features:
    Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.

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