AXIOM BANK 401(K) SAVINGS PLAN

At the end of 2022, the total retirement plan assets of AXIOM BANK 401(K) SAVINGS PLAN is $5,994,158.This plan was established in 2010.

At the end of 2022, the total number of retirement plan participants in AXIOM BANK 401(K) SAVINGS PLAN is 183

In 2022, the average participant retirement account value for AXIOM BANK 401(K) SAVINGS PLAN is $32,754

In 2022, the estimated average employee contribution amount per participant for AXIOM BANK 401(K) SAVINGS PLAN is $4,344

In 2022, the estimated average employer match for an employee in AXIOM BANK 401(K) SAVINGS PLAN is approximately $2,280

In 2022, AXIOM BANK 401(K) SAVINGS PLAN allocates $417,352 to match its employees’ contributions, providing an employer match rate of 50.69% of their contributions

In 2022, the total retirement plan asset growth rate of AXIOM BANK 401(K) SAVINGS PLAN is -18.47%

In 2022, the estimated aggregate retirement account investment gain/loss for AXIOM BANK 401(K) SAVINGS PLAN is -15.31%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of AXIOM BANK 401(K) SAVINGS PLAN is 0.51%.

Enrollment Features

AXIOM BANK 401(K) SAVINGS PLAN has the following features:
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.