AMARILLO NATIONAL BANK 401(K) PLAN

At the end of 2022, the total retirement plan assets of AMARILLO NATIONAL BANK 401(K) PLAN is $85,897,889.This plan was established in 1985.

At the end of 2022, the total number of retirement plan participants in AMARILLO NATIONAL BANK 401(K) PLAN is 826

In 2022, the average participant retirement account value for AMARILLO NATIONAL BANK 401(K) PLAN is $103,992

In 2022, the estimated average employee contribution amount per participant for AMARILLO NATIONAL BANK 401(K) PLAN is $3,468

In 2022, the estimated average employer match for an employee in AMARILLO NATIONAL BANK 401(K) PLAN is approximately $2,654

In 2022, AMARILLO NATIONAL BANK 401(K) PLAN allocates $2,192,637 to match its employees’ contributions, providing an employer match rate of 76.67% of their contributions

In 2022, the total retirement plan asset growth rate of AMARILLO NATIONAL BANK 401(K) PLAN is -14.97%

In 2022, the estimated aggregate retirement account investment gain/loss for AMARILLO NATIONAL BANK 401(K) 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 AMARILLO NATIONAL BANK 401(K) PLAN is 0.17%.

Enrollment Features

AMARILLO NATIONAL BANK 401(K) 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.
    Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.