EMPLOYEE BENEFIT PLAN OF SELF-HELP FEDERAL CREDIT UNION

Plan Contact

Address: 301 W MAIN STREET, DURHAM,,DURHAM,NC
Contact person: DONNA KOEHN
Phone: (919) 956-4400

Plan General Information

EMPLOYEE BENEFIT PLAN OF SELF-HELP FEDERAL CREDIT UNION Total Retirement Plan Assets

At the end of 2022, the total retirement plan assets of EMPLOYEE BENEFIT PLAN OF SELF-HELP FEDERAL CREDIT UNION is $33,312,609.00.This plan was established in 2009.

EMPLOYEE BENEFIT PLAN OF SELF-HELP FEDERAL CREDIT UNION Total Number of Retirement Plan Participants

At the end of 2022, the total number of retirement plan participants in EMPLOYEE BENEFIT PLAN OF SELF-HELP FEDERAL CREDIT UNION is 758

EMPLOYEE BENEFIT PLAN OF SELF-HELP FEDERAL CREDIT UNION Average Participant Retirement Account Value

In 2022, the average participant retirement account value for EMPLOYEE BENEFIT PLAN OF SELF-HELP FEDERAL CREDIT UNION is $43,948.00

EMPLOYEE BENEFIT PLAN OF SELF-HELP FEDERAL CREDIT UNION Estimated Average Employee Contribution Amount

In 2022, the estimated average employee contribution amount per participant for EMPLOYEE BENEFIT PLAN OF SELF-HELP FEDERAL CREDIT UNION is $2,470.00.

EMPLOYEE BENEFIT PLAN OF SELF-HELP FEDERAL CREDIT UNION Estimated Average Employer Match

In 2022, the estimated average employer match for an employee in EMPLOYEE BENEFIT PLAN OF SELF-HELP FEDERAL CREDIT UNION is approximately $3,071.00
Investing in this additonal $3,071.00 for 20 years would give you extra $196,606.00, assuming a 10% annual return.

EMPLOYEE BENEFIT PLAN OF SELF-HELP FEDERAL CREDIT UNION Total Employer Contribution and Match Rate

In 2022, EMPLOYEE BENEFIT PLAN OF SELF-HELP FEDERAL CREDIT UNION allocates $2,328,555.00 to match its employees' contributions, providing an employer match rate of 132.85% of their contributions

EMPLOYEE BENEFIT PLAN OF SELF-HELP FEDERAL CREDIT UNION Total Retirement Plan Asset Growth Rate

In 2022, the total retirement plan asset growth rate of EMPLOYEE BENEFIT PLAN OF SELF-HELP FEDERAL CREDIT UNION is -0.15%.

EMPLOYEE BENEFIT PLAN OF SELF-HELP FEDERAL CREDIT UNION Estimated Aggregate Retirement Account Investment Gain/Loss

In 2022, the estimated aggregate retirement account investment gain/loss for EMPLOYEE BENEFIT PLAN OF SELF-HELP FEDERAL CREDIT UNION is -9.58%. This measures the effectiveness of the plan participants' investments in the year.

EMPLOYEE BENEFIT PLAN OF SELF-HELP FEDERAL CREDIT UNION Expense Ratio

In 2022, the investment and administrative expense ratio of EMPLOYEE BENEFIT PLAN OF SELF-HELP FEDERAL CREDIT UNION is 0.02%.

Enrollment Features

EMPLOYEE BENEFIT PLAN OF SELF-HELP FEDERAL CREDIT UNION 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.
    Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.

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