BANK OF THE SIERRA SAVINGS PLAN

At the end of 2022, the total retirement plan assets of BANK OF THE SIERRA SAVINGS PLAN is $35,499,222.This plan was established in 1985.

At the end of 2022, the total number of retirement plan participants in BANK OF THE SIERRA SAVINGS PLAN is 663

In 2022, the average participant retirement account value for BANK OF THE SIERRA SAVINGS PLAN is $53,543

In 2022, the estimated average employee contribution amount per participant for BANK OF THE SIERRA SAVINGS PLAN is $3,257

In 2022, the estimated average employer match for an employee in BANK OF THE SIERRA SAVINGS PLAN is approximately $1,669

In 2022, BANK OF THE SIERRA SAVINGS PLAN allocates $1,106,594 to match its employees’ contributions, providing an employer match rate of 53.21% of their contributions

In 2022, the total retirement plan asset growth rate of BANK OF THE SIERRA SAVINGS PLAN is -17.17%

In 2022, the estimated aggregate retirement account investment gain/loss for BANK OF THE SIERRA SAVINGS PLAN is -16.61%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of BANK OF THE SIERRA SAVINGS PLAN is 0.14%.

Enrollment Features

BANK OF THE SIERRA 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.