Plan Ledger DOL Form 5500 · updated monthly

Abound Federal Credit Union401(k)

ABOUND FEDERAL CREDIT UNION EMPLOYEES RETIREMENT SAVINGS PLAN · RADCLIFF, KY · plan year 2024

Reported admin expense ratio · 2024
0.30%

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

Abound Federal Credit Union reported $34,375 in plan administrative expenses for 2024: 0.30% of average plan assets, above the peer median. Employer contributions averaged $547 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 3 years on file its reported administrative ratio has held roughly steady near 0.30%. 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 413th-largest of 871 plans among Kentucky employers on file, and 3,726th of 4,798 in finance & insurance. In 2024, employees put in $6.18 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$12,629,084
Participants with balances372
Active participants349
Employer contributions$190,821
Employee contributions$1,178,982
Employer contribution per active participant$547
Average account balance$33,949
Benefits paid to participants$622,845
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$12.6M · 372 accts · $191K emplr
2023$10.2M · 370 accts · $177K emplr
2022$10.0M · 352 accts · $157K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$23,189
Investment management$11,186
Total administrative$34,375
The Abound Federal Credit Union 401(k) match · 2024
Employer contribution per active participant$547
Median for plans this size$2,416
2024$547 per active participant
2023$527 per active participant
2022$493 per active participant

Abound Federal Credit Union's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. 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
CMFG LIFE INSURANCE COMPANY · Recordkeeping · Pension consulting$23,189
MEMBERS CAPITAL ADVISORS, INC. · Investment advisory (plan)$11,186

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

Recordkeeper by year2
2024TruStage (CUNA Mutual)
2023TruStage (CUNA Mutual)

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

Administrative cost history3
2024$34,375 · 0.30%
2023$27,196 · 0.27%
2022$27,975 · 0.29%
Same employer
Similar plansFinance & Insurance · Kentucky
Magnolia Bank KY$16.5M · 0.10%
Middleground Management LP KY$15.6M · 0.21%
Fnb Bank, Inc. KY$11.3M · 0.70%
Edmonton Bancshares, Inc. KY$10.4M · 0.09%
Citizens National Bank KY$8.7M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 610549068 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.