PENTEGRA DEFINED CONTRIBUTION PLAN FOR FINANCIAL INSTITUTIONS

  • Address: 701 WESTCHESTER AVENUE, SUITE 320E,WHITE PLAINS,NY
  • Contact person: ERIC WIETSMA
  • Phone: (914) 694-1300

PENTEGRA DEFINED CONTRIBUTION PLAN FOR FINANCIAL INSTITUTIONS 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.

At the end of 2022, the total retirement plan assets of PENTEGRA DEFINED CONTRIBUTION PLAN FOR FINANCIAL INSTITUTIONS is $2,116,892,662.00.This plan was established in 1970.

At the end of 2022, the total number of retirement plan participants in PENTEGRA DEFINED CONTRIBUTION PLAN FOR FINANCIAL INSTITUTIONS is 29261

In 2022, the average participant retirement account value for PENTEGRA DEFINED CONTRIBUTION PLAN FOR FINANCIAL INSTITUTIONS is $72,345.00

In 2022, the estimated average employee contribution amount per participant for PENTEGRA DEFINED CONTRIBUTION PLAN FOR FINANCIAL INSTITUTIONS is $2,528.00

In 2022, the estimated average employer match for an employee in PENTEGRA DEFINED CONTRIBUTION PLAN FOR FINANCIAL INSTITUTIONS is approximately $1,565.00

In 2022, PENTEGRA DEFINED CONTRIBUTION PLAN FOR FINANCIAL INSTITUTIONS allocates $45,819,253.00 to match its employees' contributions, providing an employer match rate of 61.53% of their contributions

In 2022, the total retirement plan asset growth rate of PENTEGRA DEFINED CONTRIBUTION PLAN FOR FINANCIAL INSTITUTIONS is -18.82%

In 2022, the estimated aggregate retirement account investment gain/loss for PENTEGRA DEFINED CONTRIBUTION PLAN FOR FINANCIAL INSTITUTIONS is -16.20%. This measures the effectiveness of the plan participants' investments in the year.

In 2022, the investment and administrative expense ratio of PENTEGRA DEFINED CONTRIBUTION PLAN FOR FINANCIAL INSTITUTIONS is 1.00%.

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