ISLAND FEDERAL CREDIT UNION 401(K) PLAN & TRUST
Plan Contact
- Address: 120 MOTOR PKWY,HAUPPAUGE,NY
- Contact person: LISA MINGOIA
- Phone: (631) 851-1100
Plan General Information
ISLAND FEDERAL CREDIT UNION 401(K) PLAN & TRUST Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of ISLAND FEDERAL CREDIT UNION 401(K) PLAN & TRUST is $18,261,762.00.This plan was established in 1999.
ISLAND FEDERAL CREDIT UNION 401(K) PLAN & TRUST Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in ISLAND FEDERAL CREDIT UNION 401(K) PLAN & TRUST is 190
ISLAND FEDERAL CREDIT UNION 401(K) PLAN & TRUST Average Participant Retirement Account Value
In 2023, the average participant retirement account value for ISLAND FEDERAL CREDIT UNION 401(K) PLAN & TRUST is $96,114.00
ISLAND FEDERAL CREDIT UNION 401(K) PLAN & TRUST Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for ISLAND FEDERAL CREDIT UNION 401(K) PLAN & TRUST is $4,292.00.
ISLAND FEDERAL CREDIT UNION 401(K) PLAN & TRUST Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in ISLAND FEDERAL CREDIT UNION 401(K) PLAN & TRUST is approximately $7,954.00
Investing in this additonal $7,954.00 for 20 years would give you extra $509,066.00, assuming a 10% annual return.
Investing in this additonal $7,954.00 for 20 years would give you extra $509,066.00, assuming a 10% annual return.
ISLAND FEDERAL CREDIT UNION 401(K) PLAN & TRUST Total Employer Contribution and Match Rate
In 2023, ISLAND FEDERAL CREDIT UNION 401(K) PLAN & TRUST allocates $1,511,290.00 to match its employees' contributions, providing an employer match rate of 189.82% of their contributions
ISLAND FEDERAL CREDIT UNION 401(K) PLAN & TRUST Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of ISLAND FEDERAL CREDIT UNION 401(K) PLAN & TRUST is 24.82%.
ISLAND FEDERAL CREDIT UNION 401(K) PLAN & TRUST Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for ISLAND FEDERAL CREDIT UNION 401(K) PLAN & TRUST is 18.43%. This measures the effectiveness of the plan participants' investments in the year.
ISLAND FEDERAL CREDIT UNION 401(K) PLAN & TRUST Expense Ratio
In 2023, the investment and administrative expense ratio of ISLAND FEDERAL CREDIT UNION 401(K) PLAN & TRUST is 0.03%.
Enrollment Features
ISLAND FEDERAL CREDIT UNION 401(K) PLAN & TRUST has the following features: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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