Plan Ledger DOL Form 5500 · updated monthly

1ST Advantage Federal Credit Union401(k)

1ST ADVANTAGE FEDERAL CREDIT UNION 401K PLAN AND TRUST · YORKTOWN, VA · plan year 2024

Reported admin expense ratio · 2024
0.61%

Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works

1ST Advantage Federal Credit Union reported $123,506 in plan administrative expenses for 2024: 0.61% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,844 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.45% to 0.61%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 954th-largest of 2,266 plans among Virginia employers on file, and 2,956th of 4,798 in finance & insurance. In 2024, employees put in $1.77 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$21,189,225
Participants with balances267
Active participants207
Employer contributions$588,622
Employee contributions$1,041,665
Employer contribution per active participant$2,844
Average account balance$79,360
Benefits paid to participants$2,135,787
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$21.2M · 267 accts · $589K emplr
2023$19.6M · 245 accts · $559K emplr
2022$17.6M · 238 accts · $496K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$25,295
Investment management$50,448
Total administrative$123,506
The 1ST Advantage Federal Credit Union 401(k) match · 2024
Employer contribution per active participant$2,844
Median for plans this size$2,416
2024$2,844 per active participant
2023$2,822 per active participant
2022$2,612 per active participant

1ST Advantage Federal Credit Union's 2024 employer contribution ran above the $2,416 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
THE ASCENT GROUP, LLC · Investment advisory (plan)$50,448

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$123,506 · 0.61%
2023$68,999 · 0.37%
2022$90,772 · 0.45%
Same employer
Similar plansFinance & Insurance · Virginia
Ejf Capital LLC VA$22.9M · 0.38%
Abnb Federal Credit Union VA$20.1M · 0.16%
McLean Mortgage Corporation VA$19.0M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 540623618 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.