Plan Ledger DOL Form 5500 · updated monthly

American First Credit Union401(k)

AMERICAN FIRST CREDIT UNION 401(K) PLAN · BREA, CA · plan year 2024

Reported admin expense ratio · 2024
0.18%

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

American First Credit Union reported $43,376 in plan administrative expenses for 2024: 0.18% of average plan assets, below the peer median. Employer contributions averaged $3,575 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 0.18%. 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 2,935th-largest of 9,483 plans among California employers on file, and 2,603rd of 4,798 in finance & insurance. In 2024, employees put in $2.01 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$26,588,208
Participants with balances174
Active participants122
Employer contributions$436,107
Employee contributions$877,531
Employer contribution per active participant$3,575
Average account balance$152,806
Benefits paid to participants$1,313,628
Plan auditUnmodified (clean) audit opinion
AuditorTURNER, WARREN, HWANG & CONRAD
Plan history3
Yearassets · accounts · employer contribution
2024$26.6M · 174 accts · $436K emplr
2023$23.0M · 186 accts · $456K emplr
2022$19.7M · 189 accts · $446K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$43,376
Total administrative$43,376
The American First Credit Union 401(k) match · 2024
Employer contribution per active participant$3,575
Median for plans this size$2,416
2024$3,575 per active participant
2023$3,511 per active participant
2022$3,326 per active participant

American First 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$43,376
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp

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$43,376 · 0.18%
2023$35,802 · 0.17%
2022$36,576 · 0.17%
Same employer
Similar plansFinance & Insurance · California
American Assets Trust, LP CA$27.2M · 0.40%
River City Bank CA$26.7M · 0.04%
Myvest Corporation CA$26.4M · 0.02%
Coasthills Credit Union CA$26.2M · 0.14%
Southland Credit Union CA$25.9M · 0.20%

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Source: U.S. Department of Labor, Form 5500 series, EIN 330358683 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.