SANDY SPRING BANK 401(K) PLAN

At the end of 2022, the total retirement plan assets of SANDY SPRING BANK 401(K) PLAN is $172,289,782.This plan was established in 1982.

At the end of 2022, the total number of retirement plan participants in SANDY SPRING BANK 401(K) PLAN is 1619

In 2022, the average participant retirement account value for SANDY SPRING BANK 401(K) PLAN is $106,417

In 2022, the estimated average employee contribution amount per participant for SANDY SPRING BANK 401(K) PLAN is $7,167

In 2022, the estimated average employer match for an employee in SANDY SPRING BANK 401(K) PLAN is approximately $3,711

In 2022, SANDY SPRING BANK 401(K) PLAN allocates $6,008,849 to match its employees’ contributions, providing an employer match rate of 53.04% of their contributions

In 2022, the total retirement plan asset growth rate of SANDY SPRING BANK 401(K) PLAN is -17.61%

In 2022, the estimated aggregate retirement account investment gain/loss for SANDY SPRING BANK 401(K) PLAN is -17.04%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of SANDY SPRING BANK 401(K) PLAN is 0.09%.

Enrollment Features

SANDY SPRING BANK 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.