CHARTWAY FEDERAL CREDIT UNION 401(K) RETIREMENT SAVINGS PLAN
Plan Contact
- Address: 5700 CLEVELAND ST.,VIRGINIA BEACH,VA
- Contact person: CHRISTINE OLSON
- Phone: (757) 552-1000
Plan General Information
CHARTWAY FEDERAL CREDIT UNION 401(K) RETIREMENT SAVINGS PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of CHARTWAY FEDERAL CREDIT UNION 401(K) RETIREMENT SAVINGS PLAN is $38,260,174.00.This plan was established in 1989.
CHARTWAY FEDERAL CREDIT UNION 401(K) RETIREMENT SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in CHARTWAY FEDERAL CREDIT UNION 401(K) RETIREMENT SAVINGS PLAN is 692
CHARTWAY FEDERAL CREDIT UNION 401(K) RETIREMENT SAVINGS PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for CHARTWAY FEDERAL CREDIT UNION 401(K) RETIREMENT SAVINGS PLAN is $55,289.00
CHARTWAY FEDERAL CREDIT UNION 401(K) RETIREMENT SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for CHARTWAY FEDERAL CREDIT UNION 401(K) RETIREMENT SAVINGS PLAN is $3,161.00.
CHARTWAY FEDERAL CREDIT UNION 401(K) RETIREMENT SAVINGS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in CHARTWAY FEDERAL CREDIT UNION 401(K) RETIREMENT SAVINGS PLAN is approximately $2,250.00
Investing in this additonal $2,250.00 for 20 years would give you extra $144,054.00, assuming a 10% annual return.
Investing in this additonal $2,250.00 for 20 years would give you extra $144,054.00, assuming a 10% annual return.
CHARTWAY FEDERAL CREDIT UNION 401(K) RETIREMENT SAVINGS PLAN Total Employer Contribution and Match Rate
In 2023, CHARTWAY FEDERAL CREDIT UNION 401(K) RETIREMENT SAVINGS PLAN allocates $1,557,593.00 to match its employees' contributions, providing an employer match rate of 72.82% of their contributions
CHARTWAY FEDERAL CREDIT UNION 401(K) RETIREMENT SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of CHARTWAY FEDERAL CREDIT UNION 401(K) RETIREMENT SAVINGS PLAN is 20.95%.
CHARTWAY FEDERAL CREDIT UNION 401(K) RETIREMENT SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for CHARTWAY FEDERAL CREDIT UNION 401(K) RETIREMENT SAVINGS PLAN is 18.44%. This measures the effectiveness of the plan participants' investments in the year.
CHARTWAY FEDERAL CREDIT UNION 401(K) RETIREMENT SAVINGS PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of CHARTWAY FEDERAL CREDIT UNION 401(K) RETIREMENT SAVINGS PLAN is 0.32%.
Enrollment Features
CHARTWAY FEDERAL CREDIT UNION 401(K) RETIREMENT SAVINGS 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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