Plan Ledger DOL Form 5500 · updated monthly

Avadian Credit Union401(k)

AVADIAN CREDIT UNION 401(K) PLAN · BIRMINGHAM, AL · plan year 2024

Reported admin expense ratio · 2024
0.34%

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

Avadian Credit Union reported $81,323 in plan administrative expenses for 2024: 0.34% of average plan assets, above the peer median. Employer contributions averaged $3,097 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 0.42% to 0.34%. 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 251st-largest of 902 plans among Alabama employers on file, and 2,659th of 4,798 in finance & insurance. In 2024, employees put in $1.52 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$25,640,754
Participants with balances306
Active participants277
Employer contributions$857,892
Employee contributions$1,307,727
Employer contribution per active participant$3,097
Average account balance$83,793
Benefits paid to participants$1,197,806
Plan auditUnmodified (clean) audit opinion
AuditorBMSS, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$25.6M · 306 accts · $858K emplr
2023$21.8M · 276 accts · $779K emplr
2022$17.7M · 260 accts · $688K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$32,573
Investment management$48,750
Total administrative$81,323
The Avadian Credit Union 401(k) match · 2024
Employer contribution per active participant$3,097
Median for plans this size$2,416
2024$3,097 per active participant
2023$2,919 per active participant
2022$2,657 per active participant

Avadian 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
CAPFINANCIAL PARTNERS LLC · Investment advisory (plan)$48,750
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$32,573

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$81,323 · 0.34%
2023$60,271 · 0.31%
2022$83,496 · 0.42%
Same employer
Similar plansFinance & Insurance · Alabama
Alabama Credit Union AL$36.1M · 0.04%
All in Federal Credit Union AL$29.7M · 0.37%
River Bank and Trust AL$28.8M · 0.03%
Family Savings Credit Union AL$24.6M · 0.29%
Woodcrest Services, Inc. AL$23.5M · 0.30%
Metro Bank AL$22.6M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 630207315 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.