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Company:
Members 1st Federal Credit Union
Plan:
Members 1st Federal Credit Union 401k Saving Plan
 

Members 1st Federal Credit Union

61 Plan: Members 1st Federal Credit Union 401k Saving Plan

 
 
61
22
69
88
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 27 point difference between this plan's BrightScope Rating (61) and the top rated plan (88) could equate to:
[How is this calculated?]
15 additional years of work
Up to $157,200 in lost retirement savings.
The delay in retirement calculations apply solely to this defined contribution plan and do not take into account other retirement plans and programs offered by this employer.

 

Retirement Plan Description

Members 1st Federal Credit Union 401k Saving Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 61. This plan is in the top 15% of plans for Investment Menu Quality. Members 1st Federal Credit Union 401k Saving Plan currently has over 700 active participants and over $14.7M in plan assets.

 

 
Plan Component Ratings

 Retirement Plan Details

Address 5000 Louise Drive
Mechanicsburg, PA 17055 
Industry Credit Unions
Administrator Craig A Golfieri
Net Plan Assets $14,700,000
Total Participants 740
Avg Account Balance $20,000

 Compare Other Companies in Peer Group

University of Wisconsin Credit Union 69.9
Virginia Credit Union 69.5
Citadel Federal Credit Union 67.7
Teachers Federal Credit Union 64.8
Eglin Federal Credit Union 59.1
ORNL Federal Credit Union 57.6

 Top 3 Funds in this 401k

1. PSI Strategic Growth 11%
2. American Funds Capital World Growth and Income 9%
3. PSI Tactical Growth 6%

  Plan Service Providers

Investment Adviser Nationwide
Recordkeeper Nationwide
Investment Adviser CBIZ, Inc.
Administration CBIZ, Inc.
Investment Adviser Portfolio Strategies, Inc.
Auditor Orth, Chakler, Murnane and Company CPAs

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