SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN
- Address: 630 29TH AVE NORTH,MYRTLE BEACH,SC
- Contact person: MATTHEW HOBERT
- Phone: (843) 839-0100
SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN has the following features:
Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
At the end of 2022, the total retirement plan assets of SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN is $14,536,450.00.This plan was established in 2008.
At the end of 2022, the total number of retirement plan participants in SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN is 155
In 2022, the average participant retirement account value for SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN is $93,783.00
In 2022, the estimated average employee contribution amount per participant for SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN is $5,880.00
In 2022, the estimated average employer match for an employee in SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN is approximately $4,485.00
In 2022, SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN allocates $695,303.00 to match its employees' contributions, providing an employer match rate of 80.70% of their contributions
In 2022, the total retirement plan asset growth rate of SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN is -21.54%
In 2022, the estimated aggregate retirement account investment gain/loss for SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN is -20.76%. This measures the effectiveness of the plan participants' investments in the year.
In 2022, the investment and administrative expense ratio of SOUTH ATLANTIC BANK 401(K) EMPLOYEE STOCK OWNERSHIP PLAN is 0.03%.
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