Michigan Credit Union League
51
Plan:
22
68
87
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 36 point difference between this plan's BrightScope Rating (51) and the top rated plan (87) could equate to:
[How is this calculated?]
[How is this calculated?]
18 additional years of work Up to $232,200 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
Retirement Plan for Michigan Credit Union Employees is a defined contribution plan. This plan has a BrightScope Rating of 51. This plan is in the top 15% of plans for Company Generosity and Investment Menu Quality. Retirement Plan for Michigan Credit Union Employees currently has over 5,200 active participants and over $166.9M 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 | $167,000,000 |
| Total Participants | 5,200 |
| Avg Account Balance | $32,000 |
Compare Other Companies in Peer Group
| First Interstate BancSystem | 72.4 |
| Wilmington Trust Company | 70.8 |
| Whitney Holding | 70.2 |
| First Niagara Financial Group | 67.5 |
| Trustmark | 66.8 |
| FirstMerit | 66.4 |
Top 3 Funds in this 401k
| 1. | Total Common Stocks | 24% |
| 2. | New York Life Sub-Advised Guaranteed Investment Contracts | 8% |
| 3. | MetLife Sub-Advised Guaranteed Investment Contracts | 8% |
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 |
| Insurance Advisor/Broker | 1 |
| Recordkeeper | CUNA Mutual Insurance Society |
| Auditor | Doeren Mayhew |
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