UTILITIES EMPLOYEES CREDIT UNION 401(K) PLAN
Overview
Plan Contact
- Address: 11 MERIDIAN BLVD,WYOMISSING,PA
- Contact person: PHILLIP GEIGER
- Phone: (610) 927-4011
Plan General Information
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.