EDUCATION FIRST F.C.U. EMPLOYEES SAVINGS PLAN
Plan Contact
- Address: 7025 EASTEX FWY,BEAUMONT,TX
- Contact person: ERIN TURK
- Phone: (409) 898-3770
Plan General Information
EDUCATION FIRST F.C.U. EMPLOYEES SAVINGS PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of EDUCATION FIRST F.C.U. EMPLOYEES SAVINGS PLAN is $7,698,165.00.This plan was established in 1998.
EDUCATION FIRST F.C.U. EMPLOYEES SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in EDUCATION FIRST F.C.U. EMPLOYEES SAVINGS PLAN is 155
EDUCATION FIRST F.C.U. EMPLOYEES SAVINGS PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for EDUCATION FIRST F.C.U. EMPLOYEES SAVINGS PLAN is $49,665.00
EDUCATION FIRST F.C.U. EMPLOYEES SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for EDUCATION FIRST F.C.U. EMPLOYEES SAVINGS PLAN is $4,317.00.
EDUCATION FIRST F.C.U. EMPLOYEES SAVINGS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in EDUCATION FIRST F.C.U. EMPLOYEES SAVINGS PLAN is approximately $3,315.00
Investing in this additonal $3,315.00 for 20 years would give you extra $212,198.00, assuming a 10% annual return.
Investing in this additonal $3,315.00 for 20 years would give you extra $212,198.00, assuming a 10% annual return.
EDUCATION FIRST F.C.U. EMPLOYEES SAVINGS PLAN Total Employer Contribution and Match Rate
In 2023, EDUCATION FIRST F.C.U. EMPLOYEES SAVINGS PLAN allocates $513,919.00 to match its employees' contributions, providing an employer match rate of 78.82% of their contributions
EDUCATION FIRST F.C.U. EMPLOYEES SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of EDUCATION FIRST F.C.U. EMPLOYEES SAVINGS PLAN is 15.66%.
EDUCATION FIRST F.C.U. EMPLOYEES SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for EDUCATION FIRST F.C.U. EMPLOYEES SAVINGS PLAN is 18.17%. This measures the effectiveness of the plan participants' investments in the year.
EDUCATION FIRST F.C.U. EMPLOYEES SAVINGS PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of EDUCATION FIRST F.C.U. EMPLOYEES SAVINGS PLAN is 0.28%.
Enrollment Features
EDUCATION FIRST F.C.U. EMPLOYEES SAVINGS 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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