LOCAL GOVERNMENT FEDERAL CREDIT UNION 401(K) PLAN AND TRUST

At the end of 2022, the total retirement plan assets of LOCAL GOVERNMENT FEDERAL CREDIT UNION 401(K) PLAN AND TRUST is $36,279,928.This plan was established in 1998.

At the end of 2022, the total number of retirement plan participants in LOCAL GOVERNMENT FEDERAL CREDIT UNION 401(K) PLAN AND TRUST is 270

In 2022, the average participant retirement account value for LOCAL GOVERNMENT FEDERAL CREDIT UNION 401(K) PLAN AND TRUST is $134,370

In 2022, the estimated average employee contribution amount per participant for LOCAL GOVERNMENT FEDERAL CREDIT UNION 401(K) PLAN AND TRUST is $7,575

In 2022, the estimated average employer match for an employee in LOCAL GOVERNMENT FEDERAL CREDIT UNION 401(K) PLAN AND TRUST is approximately $10,409

In 2022, LOCAL GOVERNMENT FEDERAL CREDIT UNION 401(K) PLAN AND TRUST allocates $2,810,670 to match its employees’ contributions, providing an employer match rate of 141.61% of their contributions

In 2022, the total retirement plan asset growth rate of LOCAL GOVERNMENT FEDERAL CREDIT UNION 401(K) PLAN AND TRUST is -11.65%

In 2022, the estimated aggregate retirement account investment gain/loss for LOCAL GOVERNMENT FEDERAL CREDIT UNION 401(K) PLAN AND TRUST is -18.24%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of LOCAL GOVERNMENT FEDERAL CREDIT UNION 401(K) PLAN AND TRUST is 0.29%.

Enrollment Features

LOCAL GOVERNMENT FEDERAL 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.