AMERICAN BANK & TRUST 401(K) PROFIT SHARING PLAN

At the end of 2022, the total retirement plan assets of AMERICAN BANK & TRUST 401(K) PROFIT SHARING PLAN is $21,480,687.This plan was established in 1989.

At the end of 2022, the total number of retirement plan participants in AMERICAN BANK & TRUST 401(K) PROFIT SHARING PLAN is 200

In 2022, the average participant retirement account value for AMERICAN BANK & TRUST 401(K) PROFIT SHARING PLAN is $107,403

In 2022, the estimated average employee contribution amount per participant for AMERICAN BANK & TRUST 401(K) PROFIT SHARING PLAN is $5,772

In 2022, the estimated average employer match for an employee in AMERICAN BANK & TRUST 401(K) PROFIT SHARING PLAN is approximately $5,822

In 2022, AMERICAN BANK & TRUST 401(K) PROFIT SHARING PLAN allocates $1,164,506 to match its employees’ contributions, providing an employer match rate of 102.40% of their contributions

In 2022, the total retirement plan asset growth rate of AMERICAN BANK & TRUST 401(K) PROFIT SHARING PLAN is -16.24%

In 2022, the estimated aggregate retirement account investment gain/loss for AMERICAN BANK & TRUST 401(K) PROFIT SHARING PLAN is -15.61%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of AMERICAN BANK & TRUST 401(K) PROFIT SHARING PLAN is 0.09%.

Enrollment Features

AMERICAN BANK & TRUST 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.