PARTNERS BANCORP 401K PLAN

At the end of 2022, the total retirement plan assets of PARTNERS BANCORP 401K PLAN is $14,583,021.This plan was established in 1988.

At the end of 2022, the total number of retirement plan participants in PARTNERS BANCORP 401K PLAN is 298

In 2022, the average participant retirement account value for PARTNERS BANCORP 401K PLAN is $48,936

In 2022, the estimated average employee contribution amount per participant for PARTNERS BANCORP 401K PLAN is $4,573

In 2022, the estimated average employer match for an employee in PARTNERS BANCORP 401K PLAN is approximately $1,273

In 2022, PARTNERS BANCORP 401K PLAN allocates $379,459 to match its employees’ contributions, providing an employer match rate of 29.74% of their contributions

In 2022, the total retirement plan asset growth rate of PARTNERS BANCORP 401K PLAN is -15.40%

In 2022, the estimated aggregate retirement account investment gain/loss for PARTNERS BANCORP 401K PLAN is -16.54%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of PARTNERS BANCORP 401K PLAN is 0.29%.

Enrollment Features

PARTNERS BANCORP 401K 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.