BANNER PROPERTY MANAGEMENT, LLC 401(K) PLAN AND TRUST

At the end of 2022, the total retirement plan assets of BANNER PROPERTY MANAGEMENT, LLC 401(K) PLAN AND TRUST is $8,324,586.This plan was established in 1999.

At the end of 2022, the total number of retirement plan participants in BANNER PROPERTY MANAGEMENT, LLC 401(K) PLAN AND TRUST is 161

In 2022, the average participant retirement account value for BANNER PROPERTY MANAGEMENT, LLC 401(K) PLAN AND TRUST is $51,705

In 2022, the estimated average employee contribution amount per participant for BANNER PROPERTY MANAGEMENT, LLC 401(K) PLAN AND TRUST is $4,363

In 2022, the estimated average employer match for an employee in BANNER PROPERTY MANAGEMENT, LLC 401(K) PLAN AND TRUST is approximately $988

In 2022, BANNER PROPERTY MANAGEMENT, LLC 401(K) PLAN AND TRUST allocates $159,102 to match its employees’ contributions, providing an employer match rate of 22.51% of their contributions

In 2022, the total retirement plan asset growth rate of BANNER PROPERTY MANAGEMENT, LLC 401(K) PLAN AND TRUST is -16.55%

In 2022, the estimated aggregate retirement account investment gain/loss for BANNER PROPERTY MANAGEMENT, LLC 401(K) PLAN AND TRUST is -16.53%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of BANNER PROPERTY MANAGEMENT, LLC 401(K) PLAN AND TRUST is 0.66%.

Enrollment Features

BANNER PROPERTY MANAGEMENT, LLC 401(K) PLAN AND TRUST 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.