VANTAGE BANK TEXAS 401(K) PLAN

At the end of 2022, the total retirement plan assets of VANTAGE BANK TEXAS 401(K) PLAN is $28,589,360.This plan was established in 2007.

At the end of 2022, the total number of retirement plan participants in VANTAGE BANK TEXAS 401(K) PLAN is 521

In 2022, the average participant retirement account value for VANTAGE BANK TEXAS 401(K) PLAN is $54,874

In 2022, the estimated average employee contribution amount per participant for VANTAGE BANK TEXAS 401(K) PLAN is $5,288

In 2022, the estimated average employer match for an employee in VANTAGE BANK TEXAS 401(K) PLAN is approximately $2,935

In 2022, VANTAGE BANK TEXAS 401(K) PLAN allocates $1,529,279 to match its employees’ contributions, providing an employer match rate of 55.99% of their contributions

In 2022, the total retirement plan asset growth rate of VANTAGE BANK TEXAS 401(K) PLAN is -6.77%

In 2022, the estimated aggregate retirement account investment gain/loss for VANTAGE BANK TEXAS 401(K) PLAN is -16.10%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of VANTAGE BANK TEXAS 401(K) PLAN is 0.39%.

Enrollment Features

VANTAGE BANK TEXAS 401(K) 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.