Plan Ledger DOL Form 5500 · updated monthly

Andrews Federal Credit Union401(k)

ANDREWS FEDERAL CREDIT UNION 401(K) PLAN · SUITLAND, MD · plan year 2024

Reported admin expense ratio · 2024
0.17%

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

Andrews Federal Credit Union reported $51,110 in plan administrative expenses for 2024: 0.17% of average plan assets, below the peer median. Employer contributions averaged $4,023 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 fell from 0.19% to 0.17%. 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 452nd-largest of 1,671 plans among Maryland employers on file, and the 2,336th of 4,798 in finance & insurance. In 2024, employees put in $1.49 for every $1.00 the employer contributed; active participation has grown from 283 to 341 since 2022.

Plan summary
Net assets, end of year$31,710,407
Participants with balances396
Active participants341
Employer contributions$1,371,758
Employee contributions$2,044,388
Employer contribution per active participant$4,023
Average account balance$80,077
Benefits paid to participants$2,452,917
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$31.7M · 396 accts · $1.4M emplr
2023$26.8M · 380 accts · $1.2M emplr
2022$22.5M · 354 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$41,990
Investment management$9,120
Total administrative$51,110
The Andrews Federal Credit Union 401(k) match · 2024
Employer contribution per active participant$4,023
Median for plans this size$2,416
2024$4,023 per active participant
2023$4,183 per active participant
2022$3,835 per active participant

Andrews 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
FIDELITY WORKPLACE SERVICES LLC · Plan administrator · Trustee (discretionary)$41,990
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$9,120

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$51,110 · 0.17%
2023$43,831 · 0.18%
2022$44,696 · 0.19%
Same employer
Similar plansFinance & Insurance · Maryland
Forbright Bank MD$33.9M · 0.18%
Capital Bank, N.A. MD$32.5M · 0.37%
Robotic Research Opco, LLC MD$30.3M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 530197903 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.