SAVINGS PLAN FOR EMPLOYEES OF SOUTH BANKING COMPANY
Overview
Plan Contact
- Address: 501 WEST 12TH STREET,ALMA,GA
- Contact person: PAUL T. BENNETT
- Phone: (912) 632-8631
Plan General Information
At the end of 2022, the total retirement plan assets of SAVINGS PLAN FOR EMPLOYEES OF SOUTH BANKING COMPANY is $13,160,229.This plan was established in 1993.
At the end of 2022, the total number of retirement plan participants in SAVINGS PLAN FOR EMPLOYEES OF SOUTH BANKING COMPANY is 170
In 2022, the average participant retirement account value for SAVINGS PLAN FOR EMPLOYEES OF SOUTH BANKING COMPANY is $77,413
In 2022, the estimated average employee contribution amount per participant for SAVINGS PLAN FOR EMPLOYEES OF SOUTH BANKING COMPANY is $3,225
In 2022, the estimated average employer match for an employee in SAVINGS PLAN FOR EMPLOYEES OF SOUTH BANKING COMPANY is approximately $604
In 2022, SAVINGS PLAN FOR EMPLOYEES OF SOUTH BANKING COMPANY allocates $102,728 to match its employees’ contributions, providing an employer match rate of 19.66% of their contributions
In 2022, the total retirement plan asset growth rate of SAVINGS PLAN FOR EMPLOYEES OF SOUTH BANKING COMPANY is -6.79%
In 2022, the estimated aggregate retirement account investment gain/loss for SAVINGS PLAN FOR EMPLOYEES OF SOUTH BANKING COMPANY is -8.99%. This measures the effectiveness of the plan participants’ investments in the year.
In 2022, the investment and administrative expense ratio of SAVINGS PLAN FOR EMPLOYEES OF SOUTH BANKING COMPANY is 0.12%.