BANK-FUND STAFF FEDERAL CREDIT UNION EMPLOYEE RETIREMENT PLAN
Plan Contact
- Address: 1725 I STREET, N.W., SUITE 150,WASHINGTON,DC
- Contact person: JENNIFER KUHN
- Phone: (202) 920-8318
Plan General Information
BANK-FUND STAFF FEDERAL CREDIT UNION EMPLOYEE RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of BANK-FUND STAFF FEDERAL CREDIT UNION EMPLOYEE RETIREMENT PLAN is $88,200,195.00.This plan was established in 1983.
BANK-FUND STAFF FEDERAL CREDIT UNION EMPLOYEE RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in BANK-FUND STAFF FEDERAL CREDIT UNION EMPLOYEE RETIREMENT PLAN is 475
BANK-FUND STAFF FEDERAL CREDIT UNION EMPLOYEE RETIREMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for BANK-FUND STAFF FEDERAL CREDIT UNION EMPLOYEE RETIREMENT PLAN is $185,684.00
BANK-FUND STAFF FEDERAL CREDIT UNION EMPLOYEE RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for BANK-FUND STAFF FEDERAL CREDIT UNION EMPLOYEE RETIREMENT PLAN is $6,207.00.
BANK-FUND STAFF FEDERAL CREDIT UNION EMPLOYEE RETIREMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in BANK-FUND STAFF FEDERAL CREDIT UNION EMPLOYEE RETIREMENT PLAN is approximately $7,265.00
Investing in this additonal $7,265.00 for 20 years would give you extra $464,990.00, assuming a 10% annual return.
Investing in this additonal $7,265.00 for 20 years would give you extra $464,990.00, assuming a 10% annual return.
BANK-FUND STAFF FEDERAL CREDIT UNION EMPLOYEE RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2023, BANK-FUND STAFF FEDERAL CREDIT UNION EMPLOYEE RETIREMENT PLAN allocates $3,451,104.00 to match its employees' contributions, providing an employer match rate of 119.94% of their contributions
BANK-FUND STAFF FEDERAL CREDIT UNION EMPLOYEE RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of BANK-FUND STAFF FEDERAL CREDIT UNION EMPLOYEE RETIREMENT PLAN is 23.00%.
BANK-FUND STAFF FEDERAL CREDIT UNION EMPLOYEE RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for BANK-FUND STAFF FEDERAL CREDIT UNION EMPLOYEE RETIREMENT PLAN is 17.78%. This measures the effectiveness of the plan participants' investments in the year.
BANK-FUND STAFF FEDERAL CREDIT UNION EMPLOYEE RETIREMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of BANK-FUND STAFF FEDERAL CREDIT UNION EMPLOYEE RETIREMENT PLAN is 0.19%.
Enrollment Features
BANK-FUND STAFF FEDERAL CREDIT UNION EMPLOYEE RETIREMENT 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.
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