Michigan Credit Union League
57
Plan:
22
70
88
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 31 point difference between this plan's BrightScope Rating (57) and the top rated plan (88) could equate to:
[How is this calculated?]
[How is this calculated?]
16 additional years of work Up to $228,800 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
Retirement Plan for Michigan Credit Union Employees 401k Savings Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 57. This plan is in the top 15% of plans for Investment Menu Quality. Retirement Plan for Michigan Credit Union Employees 401k Savings Plan currently has over 7,800 active participants and over $151.4M in plan assets.
Retirement Plan Details
| Address |
38695 W Seven Mile Rd # 200
Livonia, MI 48152-7097 |
| Industry | Credit Unions |
| Administrator | Dennis Hanson |
| Sponsor | George Khalaf |
| Net Plan Assets | $151,000,000 |
| Total Participants | 7,800 |
| Avg Account Balance | $19,000 |
Compare Other Companies in Peer Group
| Arvest Bank Group | 73.4 |
| Webster Financial | 73.0 |
| Bank of Oklahoma, N.A. | 72.7 |
| State Employees Credit Union | 71.8 |
| Trustmark | 66.8 |
| Flagstar Bancorp | 61.2 |
Top 3 Funds in this 401k
| 1. | Deposit Account | 14% |
| 2. | Total Common Stocks | 13% |
| 3. | CUNA Mid Cap Value | 11% |
Plan Service Providers
| Insurance Carrier | CUNA Mutual Insurance Society |
| Insurance Carrier | Lincoln Financial |
| Insurance Carrier | Hartford |
| Insurance Carrier | Ohio National Life |
| Insurance Carrier | Jackson National Life |
| Insurance Carrier | MetLife |
| Insurance Carrier | New York Life |
| Insurance Carrier | Jefferson National Life Insurance Company |
| Recordkeeper | CUNA Mutual Insurance Society |
| Auditor | Doeren Mayhew |
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