CREDIT UNION EMPLOYEES' THRIFT AND RETIREMENT PLAN

Plan Contact

  • Address: 18211 KATY FREEWAY,HOUSTON,TX
  • Phone: (281) 398-9900

Plan General Information

CREDIT UNION EMPLOYEES' THRIFT AND RETIREMENT PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of CREDIT UNION EMPLOYEES' THRIFT AND RETIREMENT PLAN is $7,640,895.00.This plan was established in 1952.

CREDIT UNION EMPLOYEES' THRIFT AND RETIREMENT PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in CREDIT UNION EMPLOYEES' THRIFT AND RETIREMENT PLAN is 248

CREDIT UNION EMPLOYEES' THRIFT AND RETIREMENT PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for CREDIT UNION EMPLOYEES' THRIFT AND RETIREMENT PLAN is $30,810.00

CREDIT UNION EMPLOYEES' THRIFT AND RETIREMENT PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for CREDIT UNION EMPLOYEES' THRIFT AND RETIREMENT PLAN is $1,812.00.

CREDIT UNION EMPLOYEES' THRIFT AND RETIREMENT PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in CREDIT UNION EMPLOYEES' THRIFT AND RETIREMENT PLAN is approximately $1,171.00
Investing in this additonal $1,171.00 for 20 years would give you extra $74,987.00, assuming a 10% annual return.

CREDIT UNION EMPLOYEES' THRIFT AND RETIREMENT PLAN Total Employer Contribution and Match Rate

In 2023, CREDIT UNION EMPLOYEES' THRIFT AND RETIREMENT PLAN allocates $290,577.00 to match its employees' contributions, providing an employer match rate of 74.92% of their contributions

CREDIT UNION EMPLOYEES' THRIFT AND RETIREMENT PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of CREDIT UNION EMPLOYEES' THRIFT AND RETIREMENT PLAN is 23.73%.

CREDIT UNION EMPLOYEES' THRIFT AND RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for CREDIT UNION EMPLOYEES' THRIFT AND RETIREMENT PLAN is 20.53%. This measures the effectiveness of the plan participants' investments in the year.

CREDIT UNION EMPLOYEES' THRIFT AND RETIREMENT PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of CREDIT UNION EMPLOYEES' THRIFT AND RETIREMENT PLAN is 0.19%.

Enrollment Features

CREDIT UNION EMPLOYEES' THRIFT AND 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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