BANNER SERVICE CORPORATION 401(K) PLAN & TRUST

At the end of 2021, the total retirement plan assets of BANNER SERVICE CORPORATION 401(K) PLAN & TRUST is $5,661,687.This plan was established in 2022.

At the end of 2021, the total number of retirement plan participants in BANNER SERVICE CORPORATION 401(K) PLAN & TRUST is 245

In 2021, the average participant retirement account value for BANNER SERVICE CORPORATION 401(K) PLAN & TRUST is $23,108

In 2021, the estimated average employee contribution amount per participant for BANNER SERVICE CORPORATION 401(K) PLAN & TRUST is $2,940

In 2021, the estimated average employer match for an employee in BANNER SERVICE CORPORATION 401(K) PLAN & TRUST is approximately $758

In 2021, BANNER SERVICE CORPORATION 401(K) PLAN & TRUST allocates $185,885 to match its employees’ contributions, providing an employer match rate of 25.80% of their contributions

In 2021, the total retirement plan asset growth rate of BANNER SERVICE CORPORATION 401(K) PLAN & TRUST is 8.84%

In 2021, the estimated aggregate retirement account investment gain/loss for BANNER SERVICE CORPORATION 401(K) PLAN & TRUST is 9.87%. This measures the effectiveness of the plan participants’ investments in the year.

In 2021, the investment and administrative expense ratio of BANNER SERVICE CORPORATION 401(K) PLAN & TRUST is 0.06%.

Enrollment Features

BANNER SERVICE CORPORATION 401(K) PLAN & TRUST has the following features:
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
    Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.