Overview

Plan Rating

BrightScope Rating
67
Lowest Rating in Peer Group
Average Rating in Peer Group
Highest Rating in Peer Group
0102030405060708090100
Lowest in Peer Group (56)
Average in Peer Group (72)
Highest in Peer Group (87)

Plan Description

Seven Seventeen Credit Union, Inc. 401k Savings Plan for Union Employees is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 67. This plan is in the top 15% of plans for Company Generosity and Participation Rate. Seven Seventeen Credit Union, Inc. 401k Savings Plan for Union Employees currently has over 200 active participants and over $12.1M in plan assets.

Did you know?

For the average 401k participant, the 20 point difference between this plan's BrightScope Rating (67) and the top rated plan (87) could equate to:
11
Additional years of work
85,039
Lost 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. How is this calculated?

Plan Details

Plan Details Relevant details about the plan and the plan sponsor, including the address and industry of the plan sponsor and the size of the plan in assets and participants.

 
Plan data accurate as of 12/31/2019
Plan data has been audited by an Independent Qualified Public Accountant (IQPA).
Address 3181 Larchmont Avenue, N.e.
  • Location
    Warren , OH
  • 44483
  • Industry
    Credit Unions
  • Administrator
    Jennifer Taylor
  • Net Plan Assets
    $12,100,000
  • Total Participants
    230
  • Avg Account Balance
    $52,000

Plan Components

Component Ratings

Design

Total Plan Cost:
Low Fees
Company Generosity:
Great

Performance

Participation Rate:
Great
Salary Deferrals:
Below Avg.
Account Balance:
Average

Design

Total Plan Cost:
Low Fees
Company Generosity:
Above Average

Performance

Participation Rate:
Great
Salary Deferrals:
Below Avg.
Account Balance:
Average

Top Industry Articles

Investments

Investment Menu Stats

# of Investment Options

39

(Plan Average: 20)

Largest Funds in this Plan Allocation of Assets 1 YR Rank in Category
Vanguard Group Target Retirement 26%
N/A
Vanguard Growth Index 11%
N/A
Voya Fixed Account 11%
N/A
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
View all funds in this plan

Providers

Plan Service Providers

SERVICE PROVIDER
Insurance Carrier
Voya Financial (ING)
Insurance Advisor/Broker
Joanne Brashen
Insurance Advisor/Broker
Schiraldi Kelcie L
Investment Adviser
Voya Financial (ING)
Recordkeeper
Voya Financial (ING)
Auditor
Nearman, Maynard Vallez CPAS & Cons

Articles and Questions

Boeing Plan Report (Updated)

Boeing Fee Settlement Highlights the High Bar for Large Plans

Boeing Offers a Near Perfect Retirement Plan ModelIn most respects Boeing’s retirement offering is a great model of how to run a large retirement plan. Participants in Boeing’s 401(k) plan are beneficiaries of a participant-friendly design with immediate access, automatic enrollment, immediate ves

Why Do Investment Expenses Matter?
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