NORTHCOUNTRY FEDERAL CREDIT UNION 401(K) PLAN AND TRUST

Plan Contact

  • Address: PO BOX 64709,BURLINGTON,VT
  • Contact person: TANYA CUSHING
  • Phone: (802) 657-6847

Plan General Information

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

At the end of 2021, the total retirement plan assets of NORTHCOUNTRY FEDERAL CREDIT UNION 401(K) PLAN AND TRUST is $17,489,941.00.This plan was established in 2022.

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

At the end of 2021, the total number of retirement plan participants in NORTHCOUNTRY FEDERAL CREDIT UNION 401(K) PLAN AND TRUST is 205

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

In 2021, the average participant retirement account value for NORTHCOUNTRY FEDERAL CREDIT UNION 401(K) PLAN AND TRUST is $85,316.00

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

In 2021, the estimated average employee contribution amount per participant for NORTHCOUNTRY FEDERAL CREDIT UNION 401(K) PLAN AND TRUST is $3,404.00.

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

In 2021, the estimated average employer match for an employee in NORTHCOUNTRY FEDERAL CREDIT UNION 401(K) PLAN AND TRUST is approximately $4,450.00
Investing in this additonal $4,450.00 for 20 years would give you extra $284,842.00, assuming a 10% annual return.

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

In 2021, NORTHCOUNTRY FEDERAL CREDIT UNION 401(K) PLAN AND TRUST allocates $912,386.00 to match its employees' contributions, providing an employer match rate of 130.73% of their contributions

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

In 2021, the total retirement plan asset growth rate of NORTHCOUNTRY FEDERAL CREDIT UNION 401(K) PLAN AND TRUST is 19.31%.

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

In 2021, the estimated aggregate retirement account investment gain/loss for NORTHCOUNTRY FEDERAL CREDIT UNION 401(K) PLAN AND TRUST is 14.89%. This measures the effectiveness of the plan participants' investments in the year.

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

In 2021, the investment and administrative expense ratio of NORTHCOUNTRY FEDERAL CREDIT UNION 401(K) PLAN AND TRUST is 0.57%.

Enrollment Features

NORTHCOUNTRY FEDERAL CREDIT UNION 401(K) PLAN AND TRUST 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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