Tower Federal Credit Union
65
Plan:
Tower Federal Credit Union Savings Plan
41
66
79
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 14 point difference between this plan's BrightScope Rating (65) and the top rated plan (79) could equate to:
[How is this calculated?]
[How is this calculated?]
6 additional years of work Up to $124,700 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
Tower Federal Credit Union Savings Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 65. This plan is in the top 35% of plans for Participation Rate and Total Plan Cost. Tower Federal Credit Union Savings Plan currently has over 500 active participants and over $23.2M in plan assets.
Retirement Plan Details
| Address |
7901 Sandy Spring Road
Laurel, MD 20707 |
| Industry | Credit Unions |
| Administrator | Jennifer Green |
| Net Plan Assets | $23,200,000 |
| Total Participants | 540 |
| Avg Account Balance | $43,000 |
Compare Other Companies in Peer Group
| Spokane Teachers Credit Union | 74.7 |
| Eastman Credit Union | 70.7 |
| Wright-Patt Credit Union | 65.7 |
| Teachers Federal Credit Union | 64.8 |
| South Carolina Federal Credit Union | 64.1 |
| Royal Credit Union | 63.9 |
Comments