ERIE FEDERAL CREDIT UNION 401(K) PLAN AND TRUST

Plan Contact

  • Address: 3503 PEACH ST,ERIE,PA
  • Contact person: FRED TONTY
  • Phone: (814) 825-2436

Plan General Information

ERIE FEDERAL CREDIT UNION 401(K) PLAN AND TRUST Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of ERIE FEDERAL CREDIT UNION 401(K) PLAN AND TRUST is $17,291,767.00.This plan was established in 1997.

ERIE FEDERAL CREDIT UNION 401(K) PLAN AND TRUST Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in ERIE FEDERAL CREDIT UNION 401(K) PLAN AND TRUST is 203

ERIE FEDERAL CREDIT UNION 401(K) PLAN AND TRUST Average Participant Retirement Account Value

In 2023, the average participant retirement account value for ERIE FEDERAL CREDIT UNION 401(K) PLAN AND TRUST is $85,181.00

ERIE FEDERAL CREDIT UNION 401(K) PLAN AND TRUST Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for ERIE FEDERAL CREDIT UNION 401(K) PLAN AND TRUST is $2,023.00.

ERIE FEDERAL CREDIT UNION 401(K) PLAN AND TRUST Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in ERIE FEDERAL CREDIT UNION 401(K) PLAN AND TRUST is approximately $5,384.00
Investing in this additonal $5,384.00 for 20 years would give you extra $344,612.00, assuming a 10% annual return.

ERIE FEDERAL CREDIT UNION 401(K) PLAN AND TRUST Total Employer Contribution and Match Rate

In 2023, ERIE FEDERAL CREDIT UNION 401(K) PLAN AND TRUST allocates $1,093,069.00 to match its employees' contributions, providing an employer match rate of 262.93% of their contributions

ERIE FEDERAL CREDIT UNION 401(K) PLAN AND TRUST Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of ERIE FEDERAL CREDIT UNION 401(K) PLAN AND TRUST is 20.55%.

ERIE FEDERAL CREDIT UNION 401(K) PLAN AND TRUST Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for ERIE FEDERAL CREDIT UNION 401(K) PLAN AND TRUST is 16.24%. This measures the effectiveness of the plan participants' investments in the year.

ERIE FEDERAL CREDIT UNION 401(K) PLAN AND TRUST Expense Ratio

In 2023, the investment and administrative expense ratio of ERIE FEDERAL CREDIT UNION 401(K) PLAN AND TRUST is 0.44%.

Enrollment Features

ERIE FEDERAL CREDIT UNION 401(K) PLAN AND TRUST 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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