Page 14 - DCAC May 2024 Files
P. 14
Participant 2 - DC Plan
EOP Balance EOP Balance Crediting Rate ContributioInterest BOP Balance 4,035 3.26% 32 100 3,903 1Q2024 26,462 145 Balance Correction (3.6%) 953 4,181 1Q2024 27,415 4,316 3.38% 35 100 4,181 2Q2024 27,844 4,459
Crediting Rate 3.26% 3.38% 4.01% 4.01% 4.01% 4.01% 4.01% 4.01% 4.01% 4.01% 4.01% 4.01%
212 230 276 281 285 290 295 300 305 310 315 320
Interest Crediting Rate in 3Q2024 and later is assumed to be constant at 3.38%+0.63% = 4.01%
Contributions (200) 200 200 200 200 200 200 200 200 200 200 200 Participant 1 gets an immediate increase of $953 Balance under Scenario 2 is higher than Scenario 1 at end of 2026 32,1
Participant 1 - DC Plan BOP Balance 26,450 1Q2024 Balance Correction (3.6%) 1Q2024 27,415 2Q2024 27,844 3Q2024 28,320 4Q2024 28,801 1Q2025 29,286 2Q2025 29,777 3Q2025 30,272 4Q2025 30,772 1Q2026 31,277 2Q2026 31,787 3Q2026 32,302 4Q2026 Scenario 1 Balance Sce