The Summit Federal Credit Union
41
Plan:
The Summit Federal Credit Union 401k Plan
7
59
86
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 45 point difference between this plan's BrightScope Rating (41) and the top rated plan (86) could equate to:
[How is this calculated?]
[How is this calculated?]
19 additional years of work Up to $325,500 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
The Summit Federal Credit Union 401k Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 41. This plan is in the top 35% of plans for Participation Rate. The Summit Federal Credit Union 401k Plan currently has over 100 active participants.
Retirement Plan Details
| Address |
100 Marina Dr
Rochester, NY 14626-5104 |
| Industry | Credit Unions |
| Administrator | Laurie E. Wiest |
| Sponsor | Michael S. Vadala |
| Total Participants | 150 |
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