WIDGET FEDERAL CREDIT UNION D/B/A WIDGET FINANCIAL 401(K) PLAN AND TRUST
Plan Contact
- Address: 2154 E. LAKE RD.,ERIE,PA
- Phone: (814) 456-6231
Plan General Information
WIDGET FEDERAL CREDIT UNION D/B/A WIDGET FINANCIAL 401(K) PLAN AND TRUST Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of WIDGET FEDERAL CREDIT UNION D/B/A WIDGET FINANCIAL 401(K) PLAN AND TRUST is $10,587,848.00.This plan was established in 1999.
WIDGET FEDERAL CREDIT UNION D/B/A WIDGET FINANCIAL 401(K) PLAN AND TRUST Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in WIDGET FEDERAL CREDIT UNION D/B/A WIDGET FINANCIAL 401(K) PLAN AND TRUST is 132
WIDGET FEDERAL CREDIT UNION D/B/A WIDGET FINANCIAL 401(K) PLAN AND TRUST Average Participant Retirement Account Value
In 2023, the average participant retirement account value for WIDGET FEDERAL CREDIT UNION D/B/A WIDGET FINANCIAL 401(K) PLAN AND TRUST is $80,210.00
WIDGET FEDERAL CREDIT UNION D/B/A WIDGET FINANCIAL 401(K) PLAN AND TRUST Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for WIDGET FEDERAL CREDIT UNION D/B/A WIDGET FINANCIAL 401(K) PLAN AND TRUST is $3,613.00.
WIDGET FEDERAL CREDIT UNION D/B/A WIDGET FINANCIAL 401(K) PLAN AND TRUST Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in WIDGET FEDERAL CREDIT UNION D/B/A WIDGET FINANCIAL 401(K) PLAN AND TRUST is approximately $2,666.00
Investing in this additonal $2,666.00 for 20 years would give you extra $170,672.00, assuming a 10% annual return.
Investing in this additonal $2,666.00 for 20 years would give you extra $170,672.00, assuming a 10% annual return.
WIDGET FEDERAL CREDIT UNION D/B/A WIDGET FINANCIAL 401(K) PLAN AND TRUST Total Employer Contribution and Match Rate
In 2023, WIDGET FEDERAL CREDIT UNION D/B/A WIDGET FINANCIAL 401(K) PLAN AND TRUST allocates $352,011.00 to match its employees' contributions, providing an employer match rate of 75.52% of their contributions
WIDGET FEDERAL CREDIT UNION D/B/A WIDGET FINANCIAL 401(K) PLAN AND TRUST Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of WIDGET FEDERAL CREDIT UNION D/B/A WIDGET FINANCIAL 401(K) PLAN AND TRUST is 27.81%.
WIDGET FEDERAL CREDIT UNION D/B/A WIDGET FINANCIAL 401(K) PLAN AND TRUST Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for WIDGET FEDERAL CREDIT UNION D/B/A WIDGET FINANCIAL 401(K) PLAN AND TRUST is 19.62%. This measures the effectiveness of the plan participants' investments in the year.
WIDGET FEDERAL CREDIT UNION D/B/A WIDGET FINANCIAL 401(K) PLAN AND TRUST Expense Ratio
In 2023, the investment and administrative expense ratio of WIDGET FEDERAL CREDIT UNION D/B/A WIDGET FINANCIAL 401(K) PLAN AND TRUST is 0.02%.
Enrollment Features
WIDGET FEDERAL CREDIT UNION D/B/A WIDGET FINANCIAL 401(K) PLAN AND TRUST 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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