WASECA BANCSHARES RETIREMENT SAVINGS & INVESTMENT PLAN
Plan Contact
- Address: 200 2ND STREET NE,,WASECA,MN
- Contact person: LARRY THOMPSON
- Phone: (507) 521-0215
Plan General Information
WASECA BANCSHARES RETIREMENT SAVINGS & INVESTMENT PLAN Total Retirement Plan Assets
At the end of 2022, the total retirement plan assets of WASECA BANCSHARES RETIREMENT SAVINGS & INVESTMENT PLAN is $5,138,917.00.This plan was established in 1992.
WASECA BANCSHARES RETIREMENT SAVINGS & INVESTMENT PLAN Total Number of Retirement Plan Participants
At the end of 2022, the total number of retirement plan participants in WASECA BANCSHARES RETIREMENT SAVINGS & INVESTMENT PLAN is 199
WASECA BANCSHARES RETIREMENT SAVINGS & INVESTMENT PLAN Average Participant Retirement Account Value
In 2022, the average participant retirement account value for WASECA BANCSHARES RETIREMENT SAVINGS & INVESTMENT PLAN is $25,823.00
WASECA BANCSHARES RETIREMENT SAVINGS & INVESTMENT PLAN Estimated Average Employee Contribution Amount
In 2022, the estimated average employee contribution amount per participant for WASECA BANCSHARES RETIREMENT SAVINGS & INVESTMENT PLAN is $4,233.00.
WASECA BANCSHARES RETIREMENT SAVINGS & INVESTMENT PLAN Estimated Average Employer Match
In 2022, the estimated average employer match for an employee in WASECA BANCSHARES RETIREMENT SAVINGS & INVESTMENT PLAN is approximately $686.00
Investing in this additonal $686.00 for 20 years would give you extra $43,909.00, assuming a 10% annual return.
Investing in this additonal $686.00 for 20 years would give you extra $43,909.00, assuming a 10% annual return.
WASECA BANCSHARES RETIREMENT SAVINGS & INVESTMENT PLAN Total Employer Contribution and Match Rate
In 2022, WASECA BANCSHARES RETIREMENT SAVINGS & INVESTMENT PLAN allocates $136,531.00 to match its employees' contributions, providing an employer match rate of 15.00% of their contributions
WASECA BANCSHARES RETIREMENT SAVINGS & INVESTMENT PLAN Total Retirement Plan Asset Growth Rate
In 2022, the total retirement plan asset growth rate of WASECA BANCSHARES RETIREMENT SAVINGS & INVESTMENT PLAN is -74.44%.
WASECA BANCSHARES RETIREMENT SAVINGS & INVESTMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2022, the estimated aggregate retirement account investment gain/loss for WASECA BANCSHARES RETIREMENT SAVINGS & INVESTMENT PLAN is -21.13%. This measures the effectiveness of the plan participants' investments in the year.
WASECA BANCSHARES RETIREMENT SAVINGS & INVESTMENT PLAN Expense Ratio
In 2022, the investment and administrative expense ratio of WASECA BANCSHARES RETIREMENT SAVINGS & INVESTMENT PLAN is 1.32%.
Enrollment Features
WASECA BANCSHARES RETIREMENT SAVINGS & INVESTMENT 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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