WASECA BANCSHARES RETIREMENT SAVINGS & INVESTMENT PLAN

At the end of 2022, the total retirement plan assets of WASECA BANCSHARES RETIREMENT SAVINGS & INVESTMENT PLAN is $5,138,917.This plan was established in 1992.

At the end of 2022, the total number of retirement plan participants in WASECA BANCSHARES RETIREMENT SAVINGS & INVESTMENT PLAN is 199

In 2022, the average participant retirement account value for WASECA BANCSHARES RETIREMENT SAVINGS & INVESTMENT PLAN is $25,823

In 2022, the estimated average employee contribution amount per participant for WASECA BANCSHARES RETIREMENT SAVINGS & INVESTMENT PLAN is $4,233

In 2022, the estimated average employer match for an employee in WASECA BANCSHARES RETIREMENT SAVINGS & INVESTMENT PLAN is approximately $686

In 2022, WASECA BANCSHARES RETIREMENT SAVINGS & INVESTMENT PLAN allocates $136,531 to match its employees’ contributions, providing an employer match rate of 15.00% of their contributions

In 2022, the total retirement plan asset growth rate of WASECA BANCSHARES RETIREMENT SAVINGS & INVESTMENT PLAN is -74.44%

In 2022, the estimated aggregate retirement account investment gain/loss for WASECA BANCSHARES RETIREMENT SAVINGS & INVESTMENT PLAN is -21.13%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of WASECA BANCSHARES RETIREMENT SAVINGS & INVESTMENT PLAN is 1.32%.

Enrollment Features

WASECA BANCSHARES RETIREMENT SAVINGS & INVESTMENT 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.