CENTRAL VIRGINIA ELECTRIC COOPERATIVE 401(K) DEFERRED COMPENSATION PLAN
Plan Contact
- Address: P. O. BOX 247,LOVINGSTON,VA
- Phone: (434) 263-8336
Plan General Information
CENTRAL VIRGINIA ELECTRIC COOPERATIVE 401(K) DEFERRED COMPENSATION PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of CENTRAL VIRGINIA ELECTRIC COOPERATIVE 401(K) DEFERRED COMPENSATION PLAN is $35,896,677.00.This plan was established in 1987.
CENTRAL VIRGINIA ELECTRIC COOPERATIVE 401(K) DEFERRED COMPENSATION PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in CENTRAL VIRGINIA ELECTRIC COOPERATIVE 401(K) DEFERRED COMPENSATION PLAN is 129
CENTRAL VIRGINIA ELECTRIC COOPERATIVE 401(K) DEFERRED COMPENSATION PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for CENTRAL VIRGINIA ELECTRIC COOPERATIVE 401(K) DEFERRED COMPENSATION PLAN is $278,268.00
CENTRAL VIRGINIA ELECTRIC COOPERATIVE 401(K) DEFERRED COMPENSATION PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for CENTRAL VIRGINIA ELECTRIC COOPERATIVE 401(K) DEFERRED COMPENSATION PLAN is $9,641.00.
CENTRAL VIRGINIA ELECTRIC COOPERATIVE 401(K) DEFERRED COMPENSATION PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in CENTRAL VIRGINIA ELECTRIC COOPERATIVE 401(K) DEFERRED COMPENSATION PLAN is approximately $16,851.00
Investing in this additonal $16,851.00 for 20 years would give you extra $1,078,521.00, assuming a 10% annual return.
Investing in this additonal $16,851.00 for 20 years would give you extra $1,078,521.00, assuming a 10% annual return.
CENTRAL VIRGINIA ELECTRIC COOPERATIVE 401(K) DEFERRED COMPENSATION PLAN Total Employer Contribution and Match Rate
In 2023, CENTRAL VIRGINIA ELECTRIC COOPERATIVE 401(K) DEFERRED COMPENSATION PLAN allocates $2,173,895.00 to match its employees' contributions, providing an employer match rate of 178.24% of their contributions
CENTRAL VIRGINIA ELECTRIC COOPERATIVE 401(K) DEFERRED COMPENSATION PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of CENTRAL VIRGINIA ELECTRIC COOPERATIVE 401(K) DEFERRED COMPENSATION PLAN is 21.70%.
CENTRAL VIRGINIA ELECTRIC COOPERATIVE 401(K) DEFERRED COMPENSATION PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for CENTRAL VIRGINIA ELECTRIC COOPERATIVE 401(K) DEFERRED COMPENSATION PLAN is 15.80%. This measures the effectiveness of the plan participants' investments in the year.
CENTRAL VIRGINIA ELECTRIC COOPERATIVE 401(K) DEFERRED COMPENSATION PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of CENTRAL VIRGINIA ELECTRIC COOPERATIVE 401(K) DEFERRED COMPENSATION PLAN is 0.02%.
Enrollment Features
CENTRAL VIRGINIA ELECTRIC COOPERATIVE 401(K) DEFERRED COMPENSATION PLAN has the following features:Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
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