SAVINGS PLAN FOR EMPLOYEES OF SOUTH BANKING COMPANY

Employer Match

An employer match is deemed as ‘free’ money wherein your employer contributes additional funds to your allocated retirement savings plan. The matching amount can frequently be several percentage points of your compensation. Don’t avoid this free salary ‘raise’.

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 estimated average employer match for an employee in SAVINGS PLAN FOR EMPLOYEES OF SOUTH BANKING COMPANY is approximately $604