AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD. RETIREMENT SAVINGS PLAN

At the end of 2022, the total retirement plan assets of AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD. RETIREMENT SAVINGS PLAN is $53,022,979.This plan was established in 1986.

At the end of 2022, the total number of retirement plan participants in AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD. RETIREMENT SAVINGS PLAN is 211

In 2022, the average participant retirement account value for AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD. RETIREMENT SAVINGS PLAN is $251,293

In 2022, the estimated average employee contribution amount per participant for AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD. RETIREMENT SAVINGS PLAN is $10,099

In 2022, the estimated average employer match for an employee in AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD. RETIREMENT SAVINGS PLAN is approximately $7,124

In 2022, AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD. RETIREMENT SAVINGS PLAN allocates $1,503,290 to match its employees’ contributions, providing an employer match rate of 71.05% of their contributions

In 2022, the total retirement plan asset growth rate of AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD. RETIREMENT SAVINGS PLAN is -21.40%

In 2022, the estimated aggregate retirement account investment gain/loss for AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD. RETIREMENT SAVINGS PLAN is -18.81%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD. RETIREMENT SAVINGS PLAN is 0.12%.

Enrollment Features

AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD. RETIREMENT SAVINGS 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.