EASTMAN CREDIT UNION 401(K) INVESTMENT PLAN

At the end of 2022, the total retirement plan assets of EASTMAN CREDIT UNION 401(K) INVESTMENT PLAN is $102,109,035.This plan was established in 2002.

At the end of 2022, the total number of retirement plan participants in EASTMAN CREDIT UNION 401(K) INVESTMENT PLAN is 1066

In 2022, the average participant retirement account value for EASTMAN CREDIT UNION 401(K) INVESTMENT PLAN is $95,787

In 2022, the estimated average employee contribution amount per participant for EASTMAN CREDIT UNION 401(K) INVESTMENT PLAN is $4,516

In 2022, the estimated average employer match for an employee in EASTMAN CREDIT UNION 401(K) INVESTMENT PLAN is approximately $4,538

In 2022, EASTMAN CREDIT UNION 401(K) INVESTMENT PLAN allocates $4,838,134 to match its employees’ contributions, providing an employer match rate of 103.56% of their contributions

In 2022, the total retirement plan asset growth rate of EASTMAN CREDIT UNION 401(K) INVESTMENT PLAN is -11.12%

In 2022, the estimated aggregate retirement account investment gain/loss for EASTMAN CREDIT UNION 401(K) INVESTMENT PLAN is -15.68%. This measures the effectiveness of the plan participants’ investments in the year.

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

Enrollment Features

EASTMAN CREDIT UNION 401(K) INVESTMENT 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.