Altra Federal Credit Union

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
Note: Match rates and employer contributions are simplified for reporting purposes and may have other attributes (e.g., caps/limits, tiers, etc.) not listed here.
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