BAYPORT CREDIT UNION 401(K) PLAN AND TRUST

At the end of 2022, the total retirement plan assets of BAYPORT CREDIT UNION 401(K) PLAN AND TRUST is $34,365,297.This plan was established in 1997.

At the end of 2022, the total number of retirement plan participants in BAYPORT CREDIT UNION 401(K) PLAN AND TRUST is 495

In 2022, the average participant retirement account value for BAYPORT CREDIT UNION 401(K) PLAN AND TRUST is $69,424

In 2022, the estimated average employee contribution amount per participant for BAYPORT CREDIT UNION 401(K) PLAN AND TRUST is $3,847

In 2022, the estimated average employer match for an employee in BAYPORT CREDIT UNION 401(K) PLAN AND TRUST is approximately $1,507

In 2022, BAYPORT CREDIT UNION 401(K) PLAN AND TRUST allocates $745,980 to match its employees’ contributions, providing an employer match rate of 40.23% of their contributions

In 2022, the total retirement plan asset growth rate of BAYPORT CREDIT UNION 401(K) PLAN AND TRUST is -13.17%

In 2022, the estimated aggregate retirement account investment gain/loss for BAYPORT CREDIT UNION 401(K) PLAN AND TRUST is -16.10%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of BAYPORT CREDIT UNION 401(K) PLAN AND TRUST is 0.05%.

Enrollment Features

BAYPORT CREDIT UNION 401(K) PLAN AND TRUST 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.