|
Plan name
|
Altra Federal Credit Union 401(k) Plan and Trust
|
|
Location
|
Onalaska, Wisconsin
|
|
Asset size
|
$31.9MM
|
|
Participants
|
100 – 499
|
|
Industry
|
Commerical Banking
|
|
Participation rate
|
98%
|
|
Average deferral rate
|
7.0%
|
|
# of funds offered
|
22
|
|
Investment review
|
Quarterly
|
|
True-up match
|
Yes
|
|
Match vesting period
|
4 years (graded)
|
|
Eligibility
|
1st of the month following hire date
|
|
Default deferral rate
|
6%
|
|
Default investment
|
Retail Target-date Fund (Active Management)
|
|
Automatic escalation
|
Opt-in
|
|
Systematic withdrawals
|
Yes
|
|
Fee equalization
|
Not applicable
|
|
|
|
|
Match rate
|
100% on the first 6% of salary deferrals
|
|
% receiving full match
|
>90%
|
|
Maximum employer contribution
|
9%
|
|
|
|
|
Financial education:
|
|
|
Saving/Budgeting
|
Yes
|
|
Investing strategies
|
Yes
|
|
College saving
|
|
|
Credit/Debt management
|
|
|
Tax/Estate planning
|
|
|
Retiree health costs/savings options
|
Yes
|
|
|
|
|
Recordkeeper
|
CUNA Mutual Retirement Solutions
|
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