PEOPLE FIRST FEDERAL CREDIT UNION 401(K) UNION PLAN
Plan Contact
- Address: 2141 DOWNYFLAKE LANE,ALLENTOWN,PA
- Contact person: KELLY KERN
- Phone: (610) 797-7440
Plan General Information
PEOPLE FIRST FEDERAL CREDIT UNION 401(K) UNION PLAN Total Retirement Plan Assets
At the end of 2021, the total retirement plan assets of PEOPLE FIRST FEDERAL CREDIT UNION 401(K) UNION PLAN is $5,657,769.00.This plan was established in 2022.
PEOPLE FIRST FEDERAL CREDIT UNION 401(K) UNION PLAN Total Number of Retirement Plan Participants
At the end of 2021, the total number of retirement plan participants in PEOPLE FIRST FEDERAL CREDIT UNION 401(K) UNION PLAN is 103
PEOPLE FIRST FEDERAL CREDIT UNION 401(K) UNION PLAN Average Participant Retirement Account Value
In 2021, the average participant retirement account value for PEOPLE FIRST FEDERAL CREDIT UNION 401(K) UNION PLAN is $54,929.00
PEOPLE FIRST FEDERAL CREDIT UNION 401(K) UNION PLAN Estimated Average Employee Contribution Amount
In 2021, the estimated average employee contribution amount per participant for PEOPLE FIRST FEDERAL CREDIT UNION 401(K) UNION PLAN is $1,050.00.
PEOPLE FIRST FEDERAL CREDIT UNION 401(K) UNION PLAN Estimated Average Employer Match
In 2021, the estimated average employer match for an employee in PEOPLE FIRST FEDERAL CREDIT UNION 401(K) UNION PLAN is approximately $2,700.00
Investing in this additonal $2,700.00 for 20 years would give you extra $172,800.00, assuming a 10% annual return.
Investing in this additonal $2,700.00 for 20 years would give you extra $172,800.00, assuming a 10% annual return.
PEOPLE FIRST FEDERAL CREDIT UNION 401(K) UNION PLAN Total Employer Contribution and Match Rate
In 2021, PEOPLE FIRST FEDERAL CREDIT UNION 401(K) UNION PLAN allocates $278,100.00 to match its employees' contributions, providing an employer match rate of 257.08% of their contributions
PEOPLE FIRST FEDERAL CREDIT UNION 401(K) UNION PLAN Total Retirement Plan Asset Growth Rate
In 2021, the total retirement plan asset growth rate of PEOPLE FIRST FEDERAL CREDIT UNION 401(K) UNION PLAN is 9.41%.
PEOPLE FIRST FEDERAL CREDIT UNION 401(K) UNION PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2021, the estimated aggregate retirement account investment gain/loss for PEOPLE FIRST FEDERAL CREDIT UNION 401(K) UNION PLAN is 13.62%. This measures the effectiveness of the plan participants' investments in the year.
PEOPLE FIRST FEDERAL CREDIT UNION 401(K) UNION PLAN Expense Ratio
In 2021, the investment and administrative expense ratio of PEOPLE FIRST FEDERAL CREDIT UNION 401(K) UNION PLAN is 0.50%.
Enrollment Features
PEOPLE FIRST FEDERAL CREDIT UNION 401(K) UNION PLAN 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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