SUNMARK CREDIT UNION 401(K) PLAN

Plan Contact

  • Address: 1187 TROY SCHENECTADY ROAD,LATHAM,NY
  • Contact person: PAUL KELLY
  • Phone: (866) 786-6275

Plan General Information

SUNMARK CREDIT UNION 401(K) PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of SUNMARK CREDIT UNION 401(K) PLAN is $22,171,961.00.This plan was established in 1998.

SUNMARK CREDIT UNION 401(K) PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in SUNMARK CREDIT UNION 401(K) PLAN is 363

SUNMARK CREDIT UNION 401(K) PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for SUNMARK CREDIT UNION 401(K) PLAN is $61,079.00

SUNMARK CREDIT UNION 401(K) PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for SUNMARK CREDIT UNION 401(K) PLAN is $3,942.00.

SUNMARK CREDIT UNION 401(K) PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in SUNMARK CREDIT UNION 401(K) PLAN is approximately $1,061.00
Investing in this additonal $1,061.00 for 20 years would give you extra $67,957.00, assuming a 10% annual return.

SUNMARK CREDIT UNION 401(K) PLAN Total Employer Contribution and Match Rate

In 2023, SUNMARK CREDIT UNION 401(K) PLAN allocates $385,445.00 to match its employees' contributions, providing an employer match rate of 28.26% of their contributions

SUNMARK CREDIT UNION 401(K) PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of SUNMARK CREDIT UNION 401(K) PLAN is 19.30%.

SUNMARK CREDIT UNION 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for SUNMARK CREDIT UNION 401(K) PLAN is 13.04%. This measures the effectiveness of the plan participants' investments in the year.

SUNMARK CREDIT UNION 401(K) PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of SUNMARK CREDIT UNION 401(K) PLAN is 0.36%.

Enrollment Features

SUNMARK CREDIT UNION 401(K) 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.

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