SOUTH FLORIDA EDUCATIONAL FEDERAL CREDIT UNION RETIREMENT PLAN
Plan Contact
- Address: 7800 SW 117TH AVE,MIAMI,FL
- Contact person: NICOLE HOLNESS
- Phone: (305) 270-5200
Plan General Information
SOUTH FLORIDA EDUCATIONAL FEDERAL CREDIT UNION RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2020, the total retirement plan assets of SOUTH FLORIDA EDUCATIONAL FEDERAL CREDIT UNION RETIREMENT PLAN is $35,955,986.00.This plan was established in 1990.
SOUTH FLORIDA EDUCATIONAL FEDERAL CREDIT UNION RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2020, the total number of retirement plan participants in SOUTH FLORIDA EDUCATIONAL FEDERAL CREDIT UNION RETIREMENT PLAN is 319
SOUTH FLORIDA EDUCATIONAL FEDERAL CREDIT UNION RETIREMENT PLAN Average Participant Retirement Account Value
In 2020, the average participant retirement account value for SOUTH FLORIDA EDUCATIONAL FEDERAL CREDIT UNION RETIREMENT PLAN is $112,714.00
SOUTH FLORIDA EDUCATIONAL FEDERAL CREDIT UNION RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2020, the estimated average employee contribution amount per participant for SOUTH FLORIDA EDUCATIONAL FEDERAL CREDIT UNION RETIREMENT PLAN is $6,442.00.
SOUTH FLORIDA EDUCATIONAL FEDERAL CREDIT UNION RETIREMENT PLAN Estimated Average Employer Match
In 2020, the estimated average employer match for an employee in SOUTH FLORIDA EDUCATIONAL FEDERAL CREDIT UNION RETIREMENT PLAN is approximately $3,907.00
Investing in this additonal $3,907.00 for 20 years would give you extra $250,076.00, assuming a 10% annual return.
Investing in this additonal $3,907.00 for 20 years would give you extra $250,076.00, assuming a 10% annual return.
SOUTH FLORIDA EDUCATIONAL FEDERAL CREDIT UNION RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2020, SOUTH FLORIDA EDUCATIONAL FEDERAL CREDIT UNION RETIREMENT PLAN allocates $1,246,473.00 to match its employees' contributions, providing an employer match rate of 121.30% of their contributions
SOUTH FLORIDA EDUCATIONAL FEDERAL CREDIT UNION RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2020, the total retirement plan asset growth rate of SOUTH FLORIDA EDUCATIONAL FEDERAL CREDIT UNION RETIREMENT PLAN is 17.86%.
SOUTH FLORIDA EDUCATIONAL FEDERAL CREDIT UNION RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2020, the estimated aggregate retirement account investment gain/loss for SOUTH FLORIDA EDUCATIONAL FEDERAL CREDIT UNION RETIREMENT PLAN is 16.70%. This measures the effectiveness of the plan participants' investments in the year.
SOUTH FLORIDA EDUCATIONAL FEDERAL CREDIT UNION RETIREMENT PLAN Expense Ratio
In 2020, the investment and administrative expense ratio of SOUTH FLORIDA EDUCATIONAL FEDERAL CREDIT UNION RETIREMENT PLAN is 0.03%.
Enrollment Features
SOUTH FLORIDA EDUCATIONAL FEDERAL CREDIT UNION RETIREMENT 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.
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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