SAFE CREDIT UNION 401(K) PROFIT-SHARING PLAN

Plan Overview & Key Metrics

SAFE CREDIT UNION 401(K) PROFIT-SHARING PLAN is a defined contribution retirement plan offered by SAFE CREDIT UNION. Below is a snapshot of the plan’s financial health, participant activity, and employer generosity based on publicly filed data. Use these metrics to benchmark your own contributions and see how this plan compares to peers.

SAFE CREDIT UNION 401(K) PROFIT-SHARING PLAN Total Retirement Plan Assets

At the end of 2024, the total retirement plan assets of SAFE CREDIT UNION 401(K) PROFIT-SHARING PLAN is $97,136,680.00.This plan was established in 1995.

SAFE CREDIT UNION 401(K) PROFIT-SHARING PLAN Total Number of Retirement Plan Participants

At the end of 2024, the total number of retirement plan participants in SAFE CREDIT UNION 401(K) PROFIT-SHARING PLAN is 969

SAFE CREDIT UNION 401(K) PROFIT-SHARING PLAN Average Participant Retirement Account Value

In 2024, the average participant retirement account value for SAFE CREDIT UNION 401(K) PROFIT-SHARING PLAN is $100,244.00

SAFE CREDIT UNION 401(K) PROFIT-SHARING PLAN Estimated Average Employee Contribution Amount

In 2024, the estimated average employee contribution amount per participant for SAFE CREDIT UNION 401(K) PROFIT-SHARING PLAN is $5,058.00.

SAFE CREDIT UNION 401(K) PROFIT-SHARING PLAN Estimated Average Employer Match

In 2024, the estimated average employer match for an employee in SAFE CREDIT UNION 401(K) PROFIT-SHARING PLAN is approximately $2,400.00
Investing in this additonal $2,400.00 for 20 years would give you extra $153,621.00, assuming a 10% annual return.

SAFE CREDIT UNION 401(K) PROFIT-SHARING PLAN Total Employer Contribution and Match Rate

In 2024, SAFE CREDIT UNION 401(K) PROFIT-SHARING PLAN allocates $2,325,920.00 to match its employees’ contributions, providing an employer match rate of 50.20% of their contributions

SAFE CREDIT UNION 401(K) PROFIT-SHARING PLAN Total Retirement Plan Asset Growth Rate

In 2024, the total retirement plan asset growth rate of SAFE CREDIT UNION 401(K) PROFIT-SHARING PLAN is 3.77%.

SAFE CREDIT UNION 401(K) PROFIT-SHARING PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2024, the estimated aggregate retirement account investment gain/loss for SAFE CREDIT UNION 401(K) PROFIT-SHARING PLAN is 13.78%. This measures the effectiveness of the plan participants’ investments in the year.

SAFE CREDIT UNION 401(K) PROFIT-SHARING PLAN Expense Ratio

In 2024, the investment and administrative expense ratio of SAFE CREDIT UNION 401(K) PROFIT-SHARING PLAN is 0.23%.

* Data are from public filings.

Plan Administrator & Contact

Need to reach the plan administrator, update beneficiaries, or request a distribution? Use the contact details below. If the plan uses an external recordkeeper (such as Fidelity, Vanguard, or Empower), their portal is typically the fastest way to manage your account day to day.

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Enrollment & Brokerage Features

The following features describe how SAFE CREDIT UNION 401(K) PROFIT-SHARING PLAN handles enrollment, default investments, and access to self-directed brokerage windows. Plans that offer auto-enrollment tend to have higher participation rates, and a brokerage window can give you access to investments beyond the plan’s core lineup.

SAFE CREDIT UNION 401(K) PROFIT-SHARING 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.

What Should You Do Next?

Your 401(k) is likely your single largest wealth-building tool. Here is how to make the most of SAFE CREDIT UNION 401(K) PROFIT-SHARING PLAN:

  1. Contribute enough to capture the full employer match. This is free money — see the match details on the Contribution & Match page.
  2. Review your investment allocation. Make sure your mix of stocks, bonds, and other assets matches your age and risk tolerance. Check available investment options.
  3. Keep your beneficiary designations current. Life events (marriage, divorce, children) mean your beneficiary form may need updating.
  4. Increase contributions over time. Even a 1% annual bump can add tens of thousands to your retirement balance over a career.

Use our 401(k) Savings Calculator to project how your current contribution rate translates into retirement wealth, or try the Asset Allocation Calculator to find an allocation that fits your risk profile.

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