PENTEGRA DEFINED CONTRIBUTION PLAN FOR FINANCIAL INSTITUTIONS
Plan Contact
- Address: 701 WESTCHESTER AVENUE, SUITE 320E,WHITE PLAINS,NY
- Contact person: ERIC WIETSMA
- Phone: (914) 694-1300
Plan General Information
PENTEGRA DEFINED CONTRIBUTION PLAN FOR FINANCIAL INSTITUTIONS Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of PENTEGRA DEFINED CONTRIBUTION PLAN FOR FINANCIAL INSTITUTIONS is $2,197,659,659.00.This plan was established in 1970.
PENTEGRA DEFINED CONTRIBUTION PLAN FOR FINANCIAL INSTITUTIONS Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in PENTEGRA DEFINED CONTRIBUTION PLAN FOR FINANCIAL INSTITUTIONS is 26549
PENTEGRA DEFINED CONTRIBUTION PLAN FOR FINANCIAL INSTITUTIONS Average Participant Retirement Account Value
In 2023, the average participant retirement account value for PENTEGRA DEFINED CONTRIBUTION PLAN FOR FINANCIAL INSTITUTIONS is $82,777.00
PENTEGRA DEFINED CONTRIBUTION PLAN FOR FINANCIAL INSTITUTIONS Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for PENTEGRA DEFINED CONTRIBUTION PLAN FOR FINANCIAL INSTITUTIONS is $2,531.00.
PENTEGRA DEFINED CONTRIBUTION PLAN FOR FINANCIAL INSTITUTIONS Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in PENTEGRA DEFINED CONTRIBUTION PLAN FOR FINANCIAL INSTITUTIONS is approximately $1,459.00
Investing in this additonal $1,459.00 for 20 years would give you extra $93,383.00, assuming a 10% annual return.
Investing in this additonal $1,459.00 for 20 years would give you extra $93,383.00, assuming a 10% annual return.
PENTEGRA DEFINED CONTRIBUTION PLAN FOR FINANCIAL INSTITUTIONS Total Employer Contribution and Match Rate
In 2023, PENTEGRA DEFINED CONTRIBUTION PLAN FOR FINANCIAL INSTITUTIONS allocates $38,738,041.00 to match its employees' contributions, providing an employer match rate of 54.47% of their contributions
PENTEGRA DEFINED CONTRIBUTION PLAN FOR FINANCIAL INSTITUTIONS Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of PENTEGRA DEFINED CONTRIBUTION PLAN FOR FINANCIAL INSTITUTIONS is 3.82%.
PENTEGRA DEFINED CONTRIBUTION PLAN FOR FINANCIAL INSTITUTIONS Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for PENTEGRA DEFINED CONTRIBUTION PLAN FOR FINANCIAL INSTITUTIONS is 8.91%. This measures the effectiveness of the plan participants' investments in the year.
PENTEGRA DEFINED CONTRIBUTION PLAN FOR FINANCIAL INSTITUTIONS Expense Ratio
In 2023, the investment and administrative expense ratio of PENTEGRA DEFINED CONTRIBUTION PLAN FOR FINANCIAL INSTITUTIONS is 0.80%.
Enrollment Features
PENTEGRA DEFINED CONTRIBUTION PLAN FOR FINANCIAL INSTITUTIONS 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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