Plan Ledger DOL Form 5500 · updated monthly

Apple Federal Credit Union401(k)

APPLE FEDERAL CREDIT UNION 401(K) RETIREMENT PLAN · FAIRFAX, VA · plan year 2024

Reported admin expense ratio · 2024
0.12%

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

Apple Federal Credit Union reported $67,467 in plan administrative expenses for 2024: 0.12% of average plan assets, below the peer median. Employer contributions averaged $2,845 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 0.14% to 0.12%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 426th-largest of 2,266 plans among Virginia employers on file, and the 1,450th of 4,798 in finance & insurance. In 2024, employees put in $1.92 for every $1.00 the employer contributed; active participation has grown from 502 to 643 since 2022.

Plan summary
Net assets, end of year$60,397,262
Participants with balances667
Active participants643
Employer contributions$1,829,227
Employee contributions$3,519,880
Employer contribution per active participant$2,845
Average account balance$90,551
Benefits paid to participants$2,230,536
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$60.4M · 667 accts · $1.8M emplr
2023$48.8M · 619 accts · $1.8M emplr
2022$38.3M · 587 accts · $1.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$45,994
Investment management$21,473
Total administrative$67,467
The Apple Federal Credit Union 401(k) match · 2024
Employer contribution per active participant$2,845
Median for plans this size$3,635
2024$2,845 per active participant
2023$3,392 per active participant
2022$3,033 per active participant

Apple Federal Credit Union's 2024 employer contribution ran below the $3,635 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 INVESTMENTS INSTITUTIONAL · Loan processing$46,555
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$21,473

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$67,467 · 0.12%
2023$66,175 · 0.15%
2022$58,514 · 0.14%
Same employer
Similar plansFinance & Insurance · Virginia
Citizens and Farmers Bank VA$68.5M · 0.57%
Strategic Alpha Inc. VA$68.1M · 0.01%
Burke & Herbert Bank VA$67.5M · 0.03%
Carter Bank & Trust VA$51.0M · 0.21%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 540629628 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.