BAY FEDERAL CREDIT UNION 401(K) PLAN AND TRUST

Plan Contact

  • Address: 3333 CLARES ST,CAPITOLA,CA
  • Contact person: PATRICIA WINTERS
  • Phone: (831) 479-6000

Plan General Information

BAY FEDERAL CREDIT UNION 401(K) PLAN AND TRUST Total Number of Retirement Plan Participants

At the end of 2014, the total number of retirement plan participants in BAY FEDERAL CREDIT UNION 401(K) PLAN AND TRUST is 240

BAY FEDERAL CREDIT UNION 401(K) PLAN AND TRUST Estimated Average Employee Contribution Amount

In 2014, the estimated average employee contribution amount per participant for BAY FEDERAL CREDIT UNION 401(K) PLAN AND TRUST is $3,420.00.

BAY FEDERAL CREDIT UNION 401(K) PLAN AND TRUST Estimated Average Employer Match

In 2014, the estimated average employer match for an employee in BAY FEDERAL CREDIT UNION 401(K) PLAN AND TRUST is approximately $500.00
Investing in this additonal $500.00 for 20 years would give you extra $32,053.00, assuming a 10% annual return.

BAY FEDERAL CREDIT UNION 401(K) PLAN AND TRUST Total Employer Contribution and Match Rate

In 2014, BAY FEDERAL CREDIT UNION 401(K) PLAN AND TRUST allocates $120,199.00 to match its employees' contributions, providing an employer match rate of 29.28% of their contributions

Enrollment Features

BAY FEDERAL CREDIT UNION 401(K) PLAN AND TRUST 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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