FIRSTLIGHT FEDERAL CREDIT UNION 401(K) PLAN

Plan Contact

  • Address: 9983 KENWOTHY ST.,EL PASO,TX
  • Contact person: FRED PEREA
  • Phone: (915) 562-1172

Plan General Information

FIRSTLIGHT FEDERAL CREDIT UNION 401(K) PLAN Total Retirement Plan Assets

At the end of 2014, the total retirement plan assets of FIRSTLIGHT FEDERAL CREDIT UNION 401(K) PLAN is $12,788,823.00.This plan was established in 1990.

FIRSTLIGHT FEDERAL CREDIT UNION 401(K) PLAN Total Number of Retirement Plan Participants

At the end of 2014, the total number of retirement plan participants in FIRSTLIGHT FEDERAL CREDIT UNION 401(K) PLAN is 620

FIRSTLIGHT FEDERAL CREDIT UNION 401(K) PLAN Average Participant Retirement Account Value

In 2014, the average participant retirement account value for FIRSTLIGHT FEDERAL CREDIT UNION 401(K) PLAN is $20,627.00

FIRSTLIGHT FEDERAL CREDIT UNION 401(K) PLAN Estimated Average Employee Contribution Amount

In 2014, the estimated average employee contribution amount per participant for FIRSTLIGHT FEDERAL CREDIT UNION 401(K) PLAN is $2,183.00.

FIRSTLIGHT FEDERAL CREDIT UNION 401(K) PLAN Estimated Average Employer Match

In 2014, the estimated average employer match for an employee in FIRSTLIGHT FEDERAL CREDIT UNION 401(K) PLAN is approximately $724.00
Investing in this additonal $724.00 for 20 years would give you extra $46,362.00, assuming a 10% annual return.

FIRSTLIGHT FEDERAL CREDIT UNION 401(K) PLAN Total Employer Contribution and Match Rate

In 2014, FIRSTLIGHT FEDERAL CREDIT UNION 401(K) PLAN allocates $449,139.00 to match its employees' contributions, providing an employer match rate of 66.35% of their contributions

FIRSTLIGHT FEDERAL CREDIT UNION 401(K) PLAN Total Retirement Plan Asset Growth Rate

In 2014, the total retirement plan asset growth rate of FIRSTLIGHT FEDERAL CREDIT UNION 401(K) PLAN is 6.47%.

FIRSTLIGHT FEDERAL CREDIT UNION 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2014, the estimated aggregate retirement account investment gain/loss for FIRSTLIGHT FEDERAL CREDIT UNION 401(K) PLAN is 5.94%. This measures the effectiveness of the plan participants' investments in the year.

FIRSTLIGHT FEDERAL CREDIT UNION 401(K) PLAN Expense Ratio

In 2014, the investment and administrative expense ratio of FIRSTLIGHT FEDERAL CREDIT UNION 401(K) PLAN is 0.57%.

Enrollment Features

FIRSTLIGHT 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.

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