SOUTHERN NATIONAL BANKS, INC. 401(K) PLAN

Plan Contact

  • Address: 29 EGLIN PARKWAY NE,FORT WALTON BEACH,FL
  • Contact person: MONA SALTER
  • Phone: (850) 796-2000

Plan General Information

SOUTHERN NATIONAL BANKS, INC. 401(K) PLAN Total Retirement Plan Assets

At the end of 2022, the total retirement plan assets of SOUTHERN NATIONAL BANKS, INC. 401(K) PLAN is $11,887,559.00.This plan was established in 1987.

SOUTHERN NATIONAL BANKS, INC. 401(K) PLAN Total Number of Retirement Plan Participants

At the end of 2022, the total number of retirement plan participants in SOUTHERN NATIONAL BANKS, INC. 401(K) PLAN is 122

SOUTHERN NATIONAL BANKS, INC. 401(K) PLAN Average Participant Retirement Account Value

In 2022, the average participant retirement account value for SOUTHERN NATIONAL BANKS, INC. 401(K) PLAN is $97,439.00

SOUTHERN NATIONAL BANKS, INC. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2022, the estimated average employee contribution amount per participant for SOUTHERN NATIONAL BANKS, INC. 401(K) PLAN is $3,909.00.

SOUTHERN NATIONAL BANKS, INC. 401(K) PLAN Estimated Average Employer Match

In 2022, the estimated average employer match for an employee in SOUTHERN NATIONAL BANKS, INC. 401(K) PLAN is approximately $1,677.00
Investing in this additonal $1,677.00 for 20 years would give you extra $107,391.00, assuming a 10% annual return.

SOUTHERN NATIONAL BANKS, INC. 401(K) PLAN Total Employer Contribution and Match Rate

In 2022, SOUTHERN NATIONAL BANKS, INC. 401(K) PLAN allocates $204,715.00 to match its employees' contributions, providing an employer match rate of 42.06% of their contributions

SOUTHERN NATIONAL BANKS, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate

In 2022, the total retirement plan asset growth rate of SOUTHERN NATIONAL BANKS, INC. 401(K) PLAN is -11.71%.

SOUTHERN NATIONAL BANKS, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2022, the estimated aggregate retirement account investment gain/loss for SOUTHERN NATIONAL BANKS, INC. 401(K) PLAN is -11.53%. This measures the effectiveness of the plan participants' investments in the year.

SOUTHERN NATIONAL BANKS, INC. 401(K) PLAN Expense Ratio

In 2022, the investment and administrative expense ratio of SOUTHERN NATIONAL BANKS, INC. 401(K) PLAN is 0.00%.

Enrollment Features

SOUTHERN NATIONAL BANKS, INC. 401(K) 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.

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