Plan Ledger DOL Form 5500 · updated monthly

Brightstar Credit Union401(k)

BRIGHTSTAR CREDIT UNION 401(K) PLAN · SUNRISE, FL · plan year 2024

Reported admin expense ratio · 2024
0.38%

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

Brightstar Credit Union reported $44,948 in plan administrative expenses for 2024: 0.38% of average plan assets, above the peer median. Employer contributions averaged $2,049 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 0.35% to 0.38%. 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 1,550th-largest of 3,644 plans among Florida employers on file, and 3,749th of 4,798 in finance & insurance. In 2024, employees put in $1.74 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$12,345,136
Participants with balances189
Active participants165
Employer contributions$338,043
Employee contributions$587,570
Employer contribution per active participant$2,049
Average account balance$65,318
Benefits paid to participants$1,287,894
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$12.3M · 189 accts · $338K emplr
2023$11.2M · 188 accts · $314K emplr
2022$9.6M · 199 accts · $317K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$34,752
Investment management$10,196
Total administrative$44,948
The Brightstar Credit Union 401(k) match · 2024
Employer contribution per active participant$2,049
Median for plans this size$2,416
2024$2,049 per active participant
2023$1,890 per active participant
2022$2,009 per active participant

Brightstar Credit Union's 2024 employer contribution ran below 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
CMFG LIFE INSURANCE COMPANY · Recordkeeping · Pension consulting$34,752
MEMBERS CAPITAL ADVISORS, INC. · Investment advisory (plan)$10,197

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

Recordkeeper by year2
2024TruStage (CUNA Mutual)
2023TruStage (CUNA Mutual)

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

Administrative cost history3
2024$44,948 · 0.38%
2023$36,792 · 0.35%
2022$34,935 · 0.35%
Same employer
Similar plansFinance & Insurance · Florida
One Florida Bank FL$13.9M · 0.21%
Siebert Financial Corp. FL$13.8M · 0.11%
Das Talent, LLC FL$12.9M · 0.45%
Gis National, LLC FL$11.7M · 0.87%
Sentrics, Inc. FL$11.3M · 0.58%
Insigneo Securities, LLC FL$11.3M · 0.34%
First Bank of Clewiston FL$11.2M · 0.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 590653174 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.