COMMUNICATION FEDERAL CREDIT UNION 401(K) PLAN

  • Address: 4141 NW EXPRESSWAY,,OKLAHOMA CITY,OK
  • Contact person: JENNY STEPP
  • Phone: (405) 879-5644

COMMUNICATION FEDERAL 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.

At the end of 2022, the total retirement plan assets of COMMUNICATION FEDERAL CREDIT UNION 401(K) PLAN is $19,187,174.00.This plan was established in 1957.

At the end of 2022, the total number of retirement plan participants in COMMUNICATION FEDERAL CREDIT UNION 401(K) PLAN is 309

In 2022, the average participant retirement account value for COMMUNICATION FEDERAL CREDIT UNION 401(K) PLAN is $62,094.00

In 2022, the estimated average employee contribution amount per participant for COMMUNICATION FEDERAL CREDIT UNION 401(K) PLAN is $2,729.00

In 2022, the estimated average employer match for an employee in COMMUNICATION FEDERAL CREDIT UNION 401(K) PLAN is approximately $3,277.00

In 2022, COMMUNICATION FEDERAL CREDIT UNION 401(K) PLAN allocates $1,012,884.00 to match its employees' contributions, providing an employer match rate of 123.68% of their contributions

In 2022, the total retirement plan asset growth rate of COMMUNICATION FEDERAL CREDIT UNION 401(K) PLAN is -12.08%

In 2022, the estimated aggregate retirement account investment gain/loss for COMMUNICATION FEDERAL CREDIT UNION 401(K) PLAN is -14.59%. This measures the effectiveness of the plan participants' investments in the year.

In 2022, the investment and administrative expense ratio of COMMUNICATION FEDERAL CREDIT UNION 401(K) PLAN is 0.04%.

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