ALABAMA CREDIT UNION CAPITAL ACCUMULATION PLAN

At the end of 2022, the total retirement plan assets of ALABAMA CREDIT UNION CAPITAL ACCUMULATION PLAN is $24,416,387.This plan was established in 1963.

At the end of 2022, the total number of retirement plan participants in ALABAMA CREDIT UNION CAPITAL ACCUMULATION PLAN is 338

In 2022, the average participant retirement account value for ALABAMA CREDIT UNION CAPITAL ACCUMULATION PLAN is $72,237

In 2022, the estimated average employee contribution amount per participant for ALABAMA CREDIT UNION CAPITAL ACCUMULATION PLAN is $4,249

In 2022, the estimated average employer match for an employee in ALABAMA CREDIT UNION CAPITAL ACCUMULATION PLAN is approximately $4,404

In 2022, ALABAMA CREDIT UNION CAPITAL ACCUMULATION PLAN allocates $1,488,645 to match its employees’ contributions, providing an employer match rate of 108.64% of their contributions

In 2022, the total retirement plan asset growth rate of ALABAMA CREDIT UNION CAPITAL ACCUMULATION PLAN is -10.64%

In 2022, the estimated aggregate retirement account investment gain/loss for ALABAMA CREDIT UNION CAPITAL ACCUMULATION PLAN is -14.59%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of ALABAMA CREDIT UNION CAPITAL ACCUMULATION PLAN is 0.04%.

Enrollment Features

ALABAMA CREDIT UNION CAPITAL ACCUMULATION 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.