Plan Ledger DOL Form 5500 · updated monthly

Aberdeen Proving Ground Federal Credit Union401(k)

ABERDEEN PROVING GROUND FEDERAL CREDIT UNION 401(K) PLAN · ABERDEEN, MD · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

Aberdeen Proving Ground Federal Credit Union reported $22,356 in plan administrative expenses for 2024: 0.06% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,479 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 0.04% to 0.06%. 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 395th-largest of 1,671 plans among Maryland employers on file, and the 2,042nd of 4,798 in finance & insurance. In 2024, employees put in $2.54 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$38,015,151
Participants with balances513
Active participants367
Employer contributions$909,657
Employee contributions$2,311,788
Employer contribution per active participant$2,479
Average account balance$74,104
Benefits paid to participants$6,996,172
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$38.0M · 513 accts · $910K emplr
2023$37.1M · 490 accts · $862K emplr
2022$31.6M · 445 accts · $746K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$22,356
Total administrative$22,356
The Aberdeen Proving Ground Federal Credit Union 401(k) match · 2024
Employer contribution per active participant$2,479
Median for plans this size$2,416
2024$2,479 per active participant
2023$2,363 per active participant
2022$2,225 per active participant

Aberdeen Proving Ground 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
MILLIMAN · Recordkeeping · Loan processing$22,356
CHARLES SCHWAB TRUST BANK · Custodial (securities)indirect comp

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

Recordkeeper by year2
2024Milliman
2023Milliman

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$22,356 · 0.06%
2023$9,971 · 0.03%
2022$13,379 · 0.04%
Same employer
Similar plansFinance & Insurance · Maryland
First United Corporation MD$43.3M · 0.17%
Eastern Savings Bank MD$39.1M · 0.24%
Forbright Bank MD$33.9M · 0.18%
Capital Bank, N.A. MD$32.5M · 0.37%

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Source: U.S. Department of Labor, Form 5500 series, EIN 520637374 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.