ALLEGIANCE BANK 401(K) & PROFIT SHARING PLAN

At the end of 2022, the total retirement plan assets of ALLEGIANCE BANK 401(K) & PROFIT SHARING PLAN is $79,406,586.This plan was established in 2008.

At the end of 2022, the total number of retirement plan participants in ALLEGIANCE BANK 401(K) & PROFIT SHARING PLAN is 694

In 2022, the average participant retirement account value for ALLEGIANCE BANK 401(K) & PROFIT SHARING PLAN is $114,418

In 2022, the estimated average employee contribution amount per participant for ALLEGIANCE BANK 401(K) & PROFIT SHARING PLAN is $7,162

In 2022, the estimated average employer match for an employee in ALLEGIANCE BANK 401(K) & PROFIT SHARING PLAN is approximately $4,956

In 2022, ALLEGIANCE BANK 401(K) & PROFIT SHARING PLAN allocates $3,439,767 to match its employees’ contributions, providing an employer match rate of 70.73% of their contributions

In 2022, the total retirement plan asset growth rate of ALLEGIANCE BANK 401(K) & PROFIT SHARING PLAN is -12.77%

In 2022, the estimated aggregate retirement account investment gain/loss for ALLEGIANCE BANK 401(K) & PROFIT SHARING PLAN is -15.45%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of ALLEGIANCE BANK 401(K) & PROFIT SHARING PLAN is 0.28%.

Enrollment Features

ALLEGIANCE BANK 401(K) & PROFIT SHARING 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.