Plan Ledger DOL Form 5500 · updated monthly

Broadview Federal Credit Union401(k)

BROADVIEW RETIREMENT SAVINGS PLAN · ALBANY, NY · plan year 2024

Reported admin expense ratio · 2024
0.04%

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

Broadview Federal Credit Union reported $85,620 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $7,466 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 0.01% to 0.04%. 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 400th-largest of 5,648 plans among New York employers on file, and the 507th of 4,798 in finance & insurance. In 2024, the employer put in $1.20 for every $1.00 employees contributed themselves; active participation has grown from 1,008 to 1,435 since 2022.

Plan summary
Net assets, end of year$245,696,196
Participants with balances1,746
Active participants1,435
Employer contributions$10,713,588
Employee contributions$8,924,765
Employer contribution per active participant$7,466
Average account balance$140,719
Benefits paid to participants$21,725,648
Plan auditUnmodified (clean) audit opinion
AuditorFIRLEY MORAN FREER & EASSA, CPA, PC
Plan history3
Yearassets · accounts · employer contribution
2024$245.7M · 1,746 accts · $10.7M emplr
2023$215.9M · 1,767 accts · $9.6M emplr
2022$71.2M · 902 accts · $924K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$85,620
Total administrative$85,620
The Broadview Federal Credit Union 401(k) match · 2024
Employer contribution per active participant$7,466
Median for plans this size$3,635
2024$7,466 per active participant
2023$6,257 per active participant
2022$916 per active participant

Broadview Federal Credit Union's 2024 employer contribution ran above the $3,635 median for plans its size, placing it in the top quarter of its peers. 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
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$85,620

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$85,620 · 0.04%
2023$91,982 · 0.06%
2022$7,650 · 0.01%
All plans at this employer2
SEFCU PROFIT SHARING PLANProfit-sharing plan
BROADVIEW RETIREMENT SAVINGS PLAN401(k)
Same employer
Similar plansFinance & Insurance · New York
Mvp Service Corp. NY$311.9M · 0.04%
Transatlantic Holdings, Inc. NY$233.8M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 141338566 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.