UTILITIES EMPLOYEES CREDIT UNION 401(K) PLAN

At the end of 2022, the total retirement plan assets of UTILITIES EMPLOYEES CREDIT UNION 401(K) PLAN is $16,443,436.This plan was established in 1997.

At the end of 2022, the total number of retirement plan participants in UTILITIES EMPLOYEES CREDIT UNION 401(K) PLAN is 130

In 2022, the average participant retirement account value for UTILITIES EMPLOYEES CREDIT UNION 401(K) PLAN is $126,487

In 2022, the estimated average employee contribution amount per participant for UTILITIES EMPLOYEES CREDIT UNION 401(K) PLAN is $5,028

In 2022, the estimated average employer match for an employee in UTILITIES EMPLOYEES CREDIT UNION 401(K) PLAN is approximately $4,810

In 2022, UTILITIES EMPLOYEES CREDIT UNION 401(K) PLAN allocates $625,345 to match its employees’ contributions, providing an employer match rate of 97.15% of their contributions

In 2022, the total retirement plan asset growth rate of UTILITIES EMPLOYEES CREDIT UNION 401(K) PLAN is -13.67%

In 2022, the estimated aggregate retirement account investment gain/loss for UTILITIES EMPLOYEES CREDIT UNION 401(K) PLAN is -17.08%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of UTILITIES EMPLOYEES CREDIT UNION 401(K) PLAN is 0.09%.

Enrollment Features

UTILITIES EMPLOYEES CREDIT UNION 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.