BANKS HARDWOODS, INC. 401(K) PROFIT SHARING PLAN & TRUST

At the end of 2022, the total retirement plan assets of BANKS HARDWOODS, INC. 401(K) PROFIT SHARING PLAN & TRUST is $9,548,499.This plan was established in 1986.

At the end of 2022, the total number of retirement plan participants in BANKS HARDWOODS, INC. 401(K) PROFIT SHARING PLAN & TRUST is 116

In 2022, the average participant retirement account value for BANKS HARDWOODS, INC. 401(K) PROFIT SHARING PLAN & TRUST is $82,314

In 2022, the estimated average employee contribution amount per participant for BANKS HARDWOODS, INC. 401(K) PROFIT SHARING PLAN & TRUST is $5,377

In 2022, the estimated average employer match for an employee in BANKS HARDWOODS, INC. 401(K) PROFIT SHARING PLAN & TRUST is approximately $1,021

In 2022, BANKS HARDWOODS, INC. 401(K) PROFIT SHARING PLAN & TRUST allocates $118,533 to match its employees’ contributions, providing an employer match rate of 38.00% of their contributions

In 2022, the total retirement plan asset growth rate of BANKS HARDWOODS, INC. 401(K) PROFIT SHARING PLAN & TRUST is -13.65%

In 2022, the estimated aggregate retirement account investment gain/loss for BANKS HARDWOODS, INC. 401(K) PROFIT SHARING PLAN & TRUST is -16.63%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of BANKS HARDWOODS, INC. 401(K) PROFIT SHARING PLAN & TRUST is 0.12%.

Enrollment Features

BANKS HARDWOODS, INC. 401(K) PROFIT SHARING PLAN & TRUST has the following features:
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.