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Company:
Founders Federal Credit Union
Plan:
Founders Federal Credit Union Defined Contribution Plan
 

Founders Federal Credit Union

69 Plan: Founders Federal Credit Union Defined Contribution Plan

 
 
69
31
68
85
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 16 point difference between this plan's BrightScope Rating (69) and the top rated plan (85) could equate to:
[How is this calculated?]
9 additional years of work
Up to $94,200 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

Founders Federal Credit Union Defined Contribution Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 69. This plan is in the top 15% of plans for Participation Rate. Founders Federal Credit Union Defined Contribution Plan currently has over 500 active participants and over $33.4M in plan assets.

 

 Investment Menu Statistics

No. of Investment Options
33
Plan Average: 24
Largest Funds in this 401k: based on % allocation of assets
1. Principal Money Market 8%
2. Principal SmallCap Blend 7%
3. Principal MidCap Value III 7%

 Retirement Plan Details

Address 737 Plantation Road
Lancaster, SC 29720-2137 
Industry Credit Unions
Administrator Phyllis Bunkley
Net Plan Assets $33,400,000
Total Participants 510
Avg Account Balance $65,000

  Plan Service Providers

Insurance Carrier Principal Financial Group
Insurance Advisor/Broker Laverick, Blaine W.
Insurance Advisor/Broker Curran, Michael G.
Administration Principal Financial Group
Auditor Orth, Chakler, Murnane and Company CPAs

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