SHORE UNITED BANK 401K PLAN
Plan Contact
- Address: 28969 INFORMATION LN,EASTON,MD
- Contact person: MARIE DIDANIELS
- Phone: (410) 763-8028
Plan General Information
SHORE UNITED BANK 401K PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of SHORE UNITED BANK 401K PLAN is $64,760,651.00.This plan was established in 2002.
SHORE UNITED BANK 401K PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in SHORE UNITED BANK 401K PLAN is 786
SHORE UNITED BANK 401K PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for SHORE UNITED BANK 401K PLAN is $82,392.00
SHORE UNITED BANK 401K PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for SHORE UNITED BANK 401K PLAN is $5,985.00.
SHORE UNITED BANK 401K PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in SHORE UNITED BANK 401K PLAN is approximately $2,085.00
Investing in this additonal $2,085.00 for 20 years would give you extra $133,483.00, assuming a 10% annual return.
Investing in this additonal $2,085.00 for 20 years would give you extra $133,483.00, assuming a 10% annual return.
SHORE UNITED BANK 401K PLAN Total Employer Contribution and Match Rate
In 2023, SHORE UNITED BANK 401K PLAN allocates $1,639,341.00 to match its employees' contributions, providing an employer match rate of 47.02% of their contributions
SHORE UNITED BANK 401K PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of SHORE UNITED BANK 401K PLAN is 65.38%.
SHORE UNITED BANK 401K PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for SHORE UNITED BANK 401K PLAN is 69.18%. This measures the effectiveness of the plan participants' investments in the year.
SHORE UNITED BANK 401K PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of SHORE UNITED BANK 401K PLAN is 0.19%.
Enrollment Features
SHORE UNITED BANK 401K PLAN has the following features:Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
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