WAICU RETIREMENT READINESS PLAN

At the end of 2022, the total retirement plan assets of WAICU RETIREMENT READINESS PLAN is $342,568,919.This plan was established in 2018.

At the end of 2022, the total number of retirement plan participants in WAICU RETIREMENT READINESS PLAN is 4165

In 2022, the average participant retirement account value for WAICU RETIREMENT READINESS PLAN is $82,249

In 2022, the estimated average employee contribution amount per participant for WAICU RETIREMENT READINESS PLAN is $1,881

In 2022, the estimated average employer match for an employee in WAICU RETIREMENT READINESS PLAN is approximately $1,196

In 2022, WAICU RETIREMENT READINESS PLAN allocates $4,981,776 to match its employees’ contributions, providing an employer match rate of 64.98% of their contributions

In 2022, the total retirement plan asset growth rate of WAICU RETIREMENT READINESS PLAN is -15.20%

In 2022, the estimated aggregate retirement account investment gain/loss for WAICU RETIREMENT READINESS PLAN is -12.70%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of WAICU RETIREMENT READINESS PLAN is 0.07%.

Enrollment Features

WAICU RETIREMENT READINESS 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.
    Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.