SEATTLE BANK PROFIT SHARING & SALARY DEFERRAL PLAN

Plan Contact

  • Address: 401 UNION STREET,,SEATTLE,WA
  • Contact person: CINDY SCOTT
  • Phone: (206) 281-1500

Plan General Information

SEATTLE BANK PROFIT SHARING & SALARY DEFERRAL PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of SEATTLE BANK PROFIT SHARING & SALARY DEFERRAL PLAN is $16,376,433.00.This plan was established in 1960.

SEATTLE BANK PROFIT SHARING & SALARY DEFERRAL PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in SEATTLE BANK PROFIT SHARING & SALARY DEFERRAL PLAN is 137

SEATTLE BANK PROFIT SHARING & SALARY DEFERRAL PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for SEATTLE BANK PROFIT SHARING & SALARY DEFERRAL PLAN is $119,536.00

SEATTLE BANK PROFIT SHARING & SALARY DEFERRAL PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for SEATTLE BANK PROFIT SHARING & SALARY DEFERRAL PLAN is $5,364.00.

SEATTLE BANK PROFIT SHARING & SALARY DEFERRAL PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in SEATTLE BANK PROFIT SHARING & SALARY DEFERRAL PLAN is approximately $2,514.00
Investing in this additonal $2,514.00 for 20 years would give you extra $160,931.00, assuming a 10% annual return.

SEATTLE BANK PROFIT SHARING & SALARY DEFERRAL PLAN Total Employer Contribution and Match Rate

In 2023, SEATTLE BANK PROFIT SHARING & SALARY DEFERRAL PLAN allocates $344,494.00 to match its employees' contributions, providing an employer match rate of 46.70% of their contributions

SEATTLE BANK PROFIT SHARING & SALARY DEFERRAL PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of SEATTLE BANK PROFIT SHARING & SALARY DEFERRAL PLAN is 23.44%.

SEATTLE BANK PROFIT SHARING & SALARY DEFERRAL PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for SEATTLE BANK PROFIT SHARING & SALARY DEFERRAL PLAN is 13.81%. This measures the effectiveness of the plan participants' investments in the year.

SEATTLE BANK PROFIT SHARING & SALARY DEFERRAL PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of SEATTLE BANK PROFIT SHARING & SALARY DEFERRAL PLAN is 0.34%.

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