MAZUMA CREDIT UNION 401(K) SUCCESS SHARING PLAN
Plan Contact
- Address: 7260 W 135TH ST,OVERLAND PARK,KS
- Contact person: HANAH SAUNDERS
- Phone: (913) 574-5000
Plan General Information
MAZUMA CREDIT UNION 401(K) SUCCESS SHARING PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of MAZUMA CREDIT UNION 401(K) SUCCESS SHARING PLAN is $19,938,038.00.This plan was established in 1996.
MAZUMA CREDIT UNION 401(K) SUCCESS SHARING PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in MAZUMA CREDIT UNION 401(K) SUCCESS SHARING PLAN is 303
MAZUMA CREDIT UNION 401(K) SUCCESS SHARING PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for MAZUMA CREDIT UNION 401(K) SUCCESS SHARING PLAN is $65,802.00
MAZUMA CREDIT UNION 401(K) SUCCESS SHARING PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for MAZUMA CREDIT UNION 401(K) SUCCESS SHARING PLAN is $4,142.00.
MAZUMA CREDIT UNION 401(K) SUCCESS SHARING PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in MAZUMA CREDIT UNION 401(K) SUCCESS SHARING PLAN is approximately $2,134.00
Investing in this additonal $2,134.00 for 20 years would give you extra $136,634.00, assuming a 10% annual return.
Investing in this additonal $2,134.00 for 20 years would give you extra $136,634.00, assuming a 10% annual return.
MAZUMA CREDIT UNION 401(K) SUCCESS SHARING PLAN Total Employer Contribution and Match Rate
In 2023, MAZUMA CREDIT UNION 401(K) SUCCESS SHARING PLAN allocates $646,878.00 to match its employees' contributions, providing an employer match rate of 53.94% of their contributions
MAZUMA CREDIT UNION 401(K) SUCCESS SHARING PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of MAZUMA CREDIT UNION 401(K) SUCCESS SHARING PLAN is 23.34%.
MAZUMA CREDIT UNION 401(K) SUCCESS SHARING PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for MAZUMA CREDIT UNION 401(K) SUCCESS SHARING PLAN is 15.70%. This measures the effectiveness of the plan participants' investments in the year.
MAZUMA CREDIT UNION 401(K) SUCCESS SHARING PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of MAZUMA CREDIT UNION 401(K) SUCCESS SHARING PLAN is 0.41%.
Enrollment Features
MAZUMA CREDIT UNION 401(K) SUCCESS SHARING 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.
Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.
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