WESTEX BANCORP, INC. PRE-TAX SAVINGS AND PROFIT SHARING PLAN
Plan Contact
- Address: PO BOX 4010,DEL RIO,TX
- Contact person: LISA SMITH
- Phone: (830) 774-2555
Plan General Information
WESTEX BANCORP, INC. PRE-TAX SAVINGS AND PROFIT SHARING PLAN Total Retirement Plan Assets
At the end of 2019, the total retirement plan assets of WESTEX BANCORP, INC. PRE-TAX SAVINGS AND PROFIT SHARING PLAN is $17,765,895.00.This plan was established in 1985.
WESTEX BANCORP, INC. PRE-TAX SAVINGS AND PROFIT SHARING PLAN Total Number of Retirement Plan Participants
At the end of 2019, the total number of retirement plan participants in WESTEX BANCORP, INC. PRE-TAX SAVINGS AND PROFIT SHARING PLAN is 138
WESTEX BANCORP, INC. PRE-TAX SAVINGS AND PROFIT SHARING PLAN Average Participant Retirement Account Value
In 2019, the average participant retirement account value for WESTEX BANCORP, INC. PRE-TAX SAVINGS AND PROFIT SHARING PLAN is $128,738.00
WESTEX BANCORP, INC. PRE-TAX SAVINGS AND PROFIT SHARING PLAN Estimated Average Employee Contribution Amount
In 2019, the estimated average employee contribution amount per participant for WESTEX BANCORP, INC. PRE-TAX SAVINGS AND PROFIT SHARING PLAN is $8,923.00.
WESTEX BANCORP, INC. PRE-TAX SAVINGS AND PROFIT SHARING PLAN Estimated Average Employer Match
In 2019, the estimated average employer match for an employee in WESTEX BANCORP, INC. PRE-TAX SAVINGS AND PROFIT SHARING PLAN is approximately $4,100.00
Investing in this additonal $4,100.00 for 20 years would give you extra $262,459.00, assuming a 10% annual return.
Investing in this additonal $4,100.00 for 20 years would give you extra $262,459.00, assuming a 10% annual return.
WESTEX BANCORP, INC. PRE-TAX SAVINGS AND PROFIT SHARING PLAN Total Employer Contribution and Match Rate
In 2019, WESTEX BANCORP, INC. PRE-TAX SAVINGS AND PROFIT SHARING PLAN allocates $565,929.00 to match its employees' contributions, providing an employer match rate of 91.92% of their contributions
WESTEX BANCORP, INC. PRE-TAX SAVINGS AND PROFIT SHARING PLAN Total Retirement Plan Asset Growth Rate
In 2019, the total retirement plan asset growth rate of WESTEX BANCORP, INC. PRE-TAX SAVINGS AND PROFIT SHARING PLAN is 21.37%.
WESTEX BANCORP, INC. PRE-TAX SAVINGS AND PROFIT SHARING PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2019, the estimated aggregate retirement account investment gain/loss for WESTEX BANCORP, INC. PRE-TAX SAVINGS AND PROFIT SHARING PLAN is 22.95%. This measures the effectiveness of the plan participants' investments in the year.
WESTEX BANCORP, INC. PRE-TAX SAVINGS AND PROFIT SHARING PLAN Expense Ratio
In 2019, the investment and administrative expense ratio of WESTEX BANCORP, INC. PRE-TAX SAVINGS AND PROFIT SHARING PLAN is 0.06%.
Enrollment Features
WESTEX BANCORP, INC. PRE-TAX SAVINGS AND PROFIT SHARING 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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