LOS ANGELES FEDERAL CREDIT UNION PROFIT/SHARING 401(K) PLAN

At the end of 2022, the total retirement plan assets of LOS ANGELES FEDERAL CREDIT UNION PROFIT/SHARING 401(K) PLAN is $31,470,559.This plan was established in 1983.

At the end of 2022, the total number of retirement plan participants in LOS ANGELES FEDERAL CREDIT UNION PROFIT/SHARING 401(K) PLAN is 171

In 2022, the average participant retirement account value for LOS ANGELES FEDERAL CREDIT UNION PROFIT/SHARING 401(K) PLAN is $184,038

In 2022, the estimated average employee contribution amount per participant for LOS ANGELES FEDERAL CREDIT UNION PROFIT/SHARING 401(K) PLAN is $5,960

In 2022, the estimated average employer match for an employee in LOS ANGELES FEDERAL CREDIT UNION PROFIT/SHARING 401(K) PLAN is approximately $4,363

In 2022, LOS ANGELES FEDERAL CREDIT UNION PROFIT/SHARING 401(K) PLAN allocates $746,088 to match its employees’ contributions, providing an employer match rate of 73.41% of their contributions

In 2022, the total retirement plan asset growth rate of LOS ANGELES FEDERAL CREDIT UNION PROFIT/SHARING 401(K) PLAN is -12.60%

In 2022, the estimated aggregate retirement account investment gain/loss for LOS ANGELES FEDERAL CREDIT UNION PROFIT/SHARING 401(K) PLAN is -13.30%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of LOS ANGELES FEDERAL CREDIT UNION PROFIT/SHARING 401(K) PLAN is 0.11%.

Enrollment Features

LOS ANGELES FEDERAL CREDIT UNION PROFIT/SHARING 401(K) 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.