HAPPY BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN WITH 401(K) PROVISIONS
Overview
Plan Contact
- Address: 701 S TAYLOR, LOBBY BOX 120,AMARILLO,TX
- Contact person: CHERYL DUKE
- Phone: (806) 342-2422
Plan General Information
At the end of 2022, the total retirement plan assets of HAPPY BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN WITH 401(K) PROVISIONS is $104,220,096.This plan was established in 1993.
At the end of 2022, the total number of retirement plan participants in HAPPY BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN WITH 401(K) PROVISIONS is 929
In 2022, the average participant retirement account value for HAPPY BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN WITH 401(K) PROVISIONS is $112,185
In 2022, the estimated average employee contribution amount per participant for HAPPY BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN WITH 401(K) PROVISIONS is $1,201
In 2022, the estimated average employer match for an employee in HAPPY BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN WITH 401(K) PROVISIONS is approximately $1,059
In 2022, HAPPY BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN WITH 401(K) PROVISIONS allocates $984,115 to match its employees’ contributions, providing an employer match rate of 78.88% of their contributions
In 2022, the total retirement plan asset growth rate of HAPPY BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN WITH 401(K) PROVISIONS is 0.00%
In 2022, the estimated aggregate retirement account investment gain/loss for HAPPY BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN WITH 401(K) PROVISIONS is 176.53%. This measures the effectiveness of the plan participants’ investments in the year.
In 2022, the investment and administrative expense ratio of HAPPY BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN WITH 401(K) PROVISIONS is 0.29%.
Enrollment Features
HAPPY BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN WITH 401(K) PROVISIONS has the following features:Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.