Plan Ledger DOL Form 5500 · updated monthly

Blue Federal Credit Union401(k)

BLUE FEDERAL CREDIT UNION EMPLOYEES EARNINGS SHARING PLAN · CHEYENNE, WY · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

Blue Federal Credit Union reported $23,014 in plan administrative expenses for 2024: 0.09% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,423 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 rose from 0.08% to 0.09%. 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 14th-largest of 81 plans among Wyoming employers on file, and 2,487th of 4,798 in finance & insurance. In 2024, employees put in $1.79 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$28,520,103
Participants with balances527
Active participants372
Employer contributions$901,415
Employee contributions$1,609,029
Employer contribution per active participant$2,423
Average account balance$54,118
Benefits paid to participants$1,727,236
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$28.5M · 527 accts · $901K emplr
2023$21.4M · 477 accts · $1.3M emplr
2022$18.4M · 490 accts · $1.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$23,014
Total administrative$23,014
The Blue Federal Credit Union 401(k) match · 2024
Employer contribution per active participant$2,423
Median for plans this size$2,416
2024$2,423 per active participant
2023$3,522 per active participant
2022$4,622 per active participant

Blue 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 · 20241
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$43,443

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

Recordkeeper by year2
2024The Standard
2023The Standard

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

Administrative cost history3
2024$23,014 · 0.09%
2023$16,599 · 0.08%
2022$15,445 · 0.08%
Same employer
Similar plansFinance & Insurance · Wyoming
Hilltop National Bank WY$34.3M · 0.02%
Wallick & Volk, Inc. WY$16.4M · 0.39%

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Source: U.S. Department of Labor, Form 5500 series, EIN 830173508 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.