THE FIRST NORTHERN BANK & TRUST 401(K) PLAN
Plan Contact
- Address: FOURTH STREET LAFAYETTE AVE,PALMERTON,PA
- Contact person: NICHOLAS ZAPF
- Phone: (610) 681-1922
Plan General Information
THE FIRST NORTHERN BANK & TRUST 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of THE FIRST NORTHERN BANK & TRUST 401(K) PLAN is $20,241,765.00.This plan was established in 1974.
THE FIRST NORTHERN BANK & TRUST 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in THE FIRST NORTHERN BANK & TRUST 401(K) PLAN is 171
THE FIRST NORTHERN BANK & TRUST 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for THE FIRST NORTHERN BANK & TRUST 401(K) PLAN is $118,372.00
THE FIRST NORTHERN BANK & TRUST 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for THE FIRST NORTHERN BANK & TRUST 401(K) PLAN is $2,442.00.
THE FIRST NORTHERN BANK & TRUST 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in THE FIRST NORTHERN BANK & TRUST 401(K) PLAN is approximately $1,048.00
Investing in this additonal $1,048.00 for 20 years would give you extra $67,110.00, assuming a 10% annual return.
Investing in this additonal $1,048.00 for 20 years would give you extra $67,110.00, assuming a 10% annual return.
THE FIRST NORTHERN BANK & TRUST 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, THE FIRST NORTHERN BANK & TRUST 401(K) PLAN allocates $179,311.00 to match its employees' contributions, providing an employer match rate of 41.13% of their contributions
THE FIRST NORTHERN BANK & TRUST 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of THE FIRST NORTHERN BANK & TRUST 401(K) PLAN is 7.03%.
THE FIRST NORTHERN BANK & TRUST 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for THE FIRST NORTHERN BANK & TRUST 401(K) PLAN is 19.49%. This measures the effectiveness of the plan participants' investments in the year.
THE FIRST NORTHERN BANK & TRUST 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of THE FIRST NORTHERN BANK & TRUST 401(K) PLAN is 0.31%.
Enrollment Features
THE FIRST NORTHERN BANK & TRUST 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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