SUFFOLK FEDERAL CREDIT UNION AND CREDIT UNION SERVICES LLC CAPITAL ACCUMULATION PLAN

Plan Contact

  • Address: PO BOX 9005,MEDFORD,NY
  • Contact person: MEGAN MILLEVOY
  • Phone: (631) 924-8000

Plan General Information

SUFFOLK FEDERAL CREDIT UNION AND CREDIT UNION SERVICES LLC CAPITAL ACCUMULATION PLAN Total Retirement Plan Assets

At the end of 2021, the total retirement plan assets of SUFFOLK FEDERAL CREDIT UNION AND CREDIT UNION SERVICES LLC CAPITAL ACCUMULATION PLAN is $13,443,853.00.This plan was established in 2022.

SUFFOLK FEDERAL CREDIT UNION AND CREDIT UNION SERVICES LLC CAPITAL ACCUMULATION PLAN Total Number of Retirement Plan Participants

At the end of 2021, the total number of retirement plan participants in SUFFOLK FEDERAL CREDIT UNION AND CREDIT UNION SERVICES LLC CAPITAL ACCUMULATION PLAN is 237

SUFFOLK FEDERAL CREDIT UNION AND CREDIT UNION SERVICES LLC CAPITAL ACCUMULATION PLAN Average Participant Retirement Account Value

In 2021, the average participant retirement account value for SUFFOLK FEDERAL CREDIT UNION AND CREDIT UNION SERVICES LLC CAPITAL ACCUMULATION PLAN is $56,725.00

SUFFOLK FEDERAL CREDIT UNION AND CREDIT UNION SERVICES LLC CAPITAL ACCUMULATION PLAN Estimated Average Employee Contribution Amount

In 2021, the estimated average employee contribution amount per participant for SUFFOLK FEDERAL CREDIT UNION AND CREDIT UNION SERVICES LLC CAPITAL ACCUMULATION PLAN is $3,448.00.

SUFFOLK FEDERAL CREDIT UNION AND CREDIT UNION SERVICES LLC CAPITAL ACCUMULATION PLAN Estimated Average Employer Match

In 2021, the estimated average employer match for an employee in SUFFOLK FEDERAL CREDIT UNION AND CREDIT UNION SERVICES LLC CAPITAL ACCUMULATION PLAN is approximately $3,782.00
Investing in this additonal $3,782.00 for 20 years would give you extra $242,059.00, assuming a 10% annual return.

SUFFOLK FEDERAL CREDIT UNION AND CREDIT UNION SERVICES LLC CAPITAL ACCUMULATION PLAN Total Employer Contribution and Match Rate

In 2021, SUFFOLK FEDERAL CREDIT UNION AND CREDIT UNION SERVICES LLC CAPITAL ACCUMULATION PLAN allocates $896,376.00 to match its employees' contributions, providing an employer match rate of 109.69% of their contributions

SUFFOLK FEDERAL CREDIT UNION AND CREDIT UNION SERVICES LLC CAPITAL ACCUMULATION PLAN Total Retirement Plan Asset Growth Rate

In 2021, the total retirement plan asset growth rate of SUFFOLK FEDERAL CREDIT UNION AND CREDIT UNION SERVICES LLC CAPITAL ACCUMULATION PLAN is 10.15%.

SUFFOLK FEDERAL CREDIT UNION AND CREDIT UNION SERVICES LLC CAPITAL ACCUMULATION PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2021, the estimated aggregate retirement account investment gain/loss for SUFFOLK FEDERAL CREDIT UNION AND CREDIT UNION SERVICES LLC CAPITAL ACCUMULATION PLAN is 14.41%. This measures the effectiveness of the plan participants' investments in the year.

SUFFOLK FEDERAL CREDIT UNION AND CREDIT UNION SERVICES LLC CAPITAL ACCUMULATION PLAN Expense Ratio

In 2021, the investment and administrative expense ratio of SUFFOLK FEDERAL CREDIT UNION AND CREDIT UNION SERVICES LLC CAPITAL ACCUMULATION PLAN is 0.45%.

Enrollment Features

SUFFOLK FEDERAL CREDIT UNION AND CREDIT UNION SERVICES LLC CAPITAL ACCUMULATION PLAN has the following features:
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.


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