FINANCIAL PLUS CREDIT UNION RETIREMENT PLAN
Plan Contact
- Address: G-3381 VAN SLYKE RD,FLINT,MI
- Contact person: BRAD BERGMOOSER
- Phone: (810) 244-2488
Plan General Information
FINANCIAL PLUS CREDIT UNION RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of FINANCIAL PLUS CREDIT UNION RETIREMENT PLAN is $21,242,075.00.This plan was established in 1970.
FINANCIAL PLUS CREDIT UNION RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in FINANCIAL PLUS CREDIT UNION RETIREMENT PLAN is 240
FINANCIAL PLUS CREDIT UNION RETIREMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for FINANCIAL PLUS CREDIT UNION RETIREMENT PLAN is $88,508.00
FINANCIAL PLUS CREDIT UNION RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for FINANCIAL PLUS CREDIT UNION RETIREMENT PLAN is $3,585.00.
FINANCIAL PLUS CREDIT UNION RETIREMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in FINANCIAL PLUS CREDIT UNION RETIREMENT PLAN is approximately $4,840.00
Investing in this additonal $4,840.00 for 20 years would give you extra $309,780.00, assuming a 10% annual return.
Investing in this additonal $4,840.00 for 20 years would give you extra $309,780.00, assuming a 10% annual return.
FINANCIAL PLUS CREDIT UNION RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2023, FINANCIAL PLUS CREDIT UNION RETIREMENT PLAN allocates $1,161,676.00 to match its employees' contributions, providing an employer match rate of 147.61% of their contributions
FINANCIAL PLUS CREDIT UNION RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of FINANCIAL PLUS CREDIT UNION RETIREMENT PLAN is 19.28%.
FINANCIAL PLUS CREDIT UNION RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for FINANCIAL PLUS CREDIT UNION RETIREMENT PLAN is 16.38%. This measures the effectiveness of the plan participants' investments in the year.
FINANCIAL PLUS CREDIT UNION RETIREMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of FINANCIAL PLUS CREDIT UNION RETIREMENT PLAN is 0.47%.
Enrollment Features
FINANCIAL PLUS CREDIT UNION RETIREMENT 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.
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