SEVEN SEVENTEEN CREDIT UNION INC 401K SAVINGS PLAN SALARIED EMPLOYEES
Plan Contact
- Address: 3181 LARCHMONT AVENUE, N.E.,WARREN,OH
- Contact person: RYAN HOUGH
- Phone: (330) 372-8109
Plan General Information
SEVEN SEVENTEEN CREDIT UNION INC 401K SAVINGS PLAN SALARIED EMPLOYEES Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of SEVEN SEVENTEEN CREDIT UNION INC 401K SAVINGS PLAN SALARIED EMPLOYEES is $36,331,799.00.This plan was established in 2011.
SEVEN SEVENTEEN CREDIT UNION INC 401K SAVINGS PLAN SALARIED EMPLOYEES Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in SEVEN SEVENTEEN CREDIT UNION INC 401K SAVINGS PLAN SALARIED EMPLOYEES is 163
SEVEN SEVENTEEN CREDIT UNION INC 401K SAVINGS PLAN SALARIED EMPLOYEES Average Participant Retirement Account Value
In 2023, the average participant retirement account value for SEVEN SEVENTEEN CREDIT UNION INC 401K SAVINGS PLAN SALARIED EMPLOYEES is $222,894.00
SEVEN SEVENTEEN CREDIT UNION INC 401K SAVINGS PLAN SALARIED EMPLOYEES Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for SEVEN SEVENTEEN CREDIT UNION INC 401K SAVINGS PLAN SALARIED EMPLOYEES is $14,894.00.
SEVEN SEVENTEEN CREDIT UNION INC 401K SAVINGS PLAN SALARIED EMPLOYEES Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in SEVEN SEVENTEEN CREDIT UNION INC 401K SAVINGS PLAN SALARIED EMPLOYEES is approximately $12,486.00
Investing in this additonal $12,486.00 for 20 years would give you extra $799,136.00, assuming a 10% annual return.
Investing in this additonal $12,486.00 for 20 years would give you extra $799,136.00, assuming a 10% annual return.
SEVEN SEVENTEEN CREDIT UNION INC 401K SAVINGS PLAN SALARIED EMPLOYEES Total Employer Contribution and Match Rate
In 2023, SEVEN SEVENTEEN CREDIT UNION INC 401K SAVINGS PLAN SALARIED EMPLOYEES allocates $2,035,301.00 to match its employees' contributions, providing an employer match rate of 167.67% of their contributions
SEVEN SEVENTEEN CREDIT UNION INC 401K SAVINGS PLAN SALARIED EMPLOYEES Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of SEVEN SEVENTEEN CREDIT UNION INC 401K SAVINGS PLAN SALARIED EMPLOYEES is 28.11%.
SEVEN SEVENTEEN CREDIT UNION INC 401K SAVINGS PLAN SALARIED EMPLOYEES Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for SEVEN SEVENTEEN CREDIT UNION INC 401K SAVINGS PLAN SALARIED EMPLOYEES is 20.70%. This measures the effectiveness of the plan participants' investments in the year.
SEVEN SEVENTEEN CREDIT UNION INC 401K SAVINGS PLAN SALARIED EMPLOYEES Expense Ratio
In 2023, the investment and administrative expense ratio of SEVEN SEVENTEEN CREDIT UNION INC 401K SAVINGS PLAN SALARIED EMPLOYEES is 0.06%.
Enrollment Features
SEVEN SEVENTEEN CREDIT UNION INC 401K SAVINGS PLAN SALARIED EMPLOYEES 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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