Plan Ledger DOL Form 5500 · updated monthly

Cbc Federal Credit Union401(k)

CBC FEDERAL CREDIT UNION 401(K) PROFIT SHARING PLAN · OXNARD, CA · plan year 2024

Reported admin expense ratio · 2024
0.45%

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

Cbc Federal Credit Union reported $36,183 in plan administrative expenses for 2024: 0.45% of average plan assets, below the peer median. Employer contributions averaged $2,712 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 0.18% to 0.45%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in California (5,852nd of 9,483), and 4,118th of 4,798 in finance & insurance. In 2024, employees put in $2.02 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,613,740
Participants with balances164
Active participants126
Employer contributions$341,708
Employee contributions$688,915
Employer contribution per active participant$2,712
Average account balance$52,523
Benefits paid to participants$662,075
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$8.6M · 164 accts · $342K emplr
2023$7.3M · 135 accts · $299K emplr
2022$6.0M · 130 accts · $250K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$36,183
Total administrative$36,183
The Cbc Federal Credit Union 401(k) match · 2024
Employer contribution per active participant$2,712
Median for plans this size$1,313
2024$2,712 per active participant
2023$2,051 per active participant
2022$2,083 per active participant

Cbc Federal Credit Union's 2024 employer contribution ran above the $1,313 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 · 20245
THE BALDWIN GROUP WEALTH ADVISORS L · Investment advisory (plan)$23,405
ASCENSUS HOLDINGS INC DBA FUTUREPLA · Contract administrator$1,450
QUALIFIED SERVICES DBA HICKS PENSIO · Contract administratorindirect comp
GLOBAL RETIREMENT PARTNERS LLCindirect comp

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$36,183 · 0.45%
2023$17,970 · 0.27%
2022$11,922 · 0.18%
Same employer
Similar plansFinance & Insurance · California
Mulligan Funding, LLC CA$9.1M · 0.69%
Sunbit CA$8.8M · 0.25%
Geozoning, Inc. CA$8.5M · 0.07%
Dignified Home Loans, LLC CA$8.5M · 0.69%
1ST Capital Bank CA$8.5M · 0.39%

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Source: U.S. Department of Labor, Form 5500 series, EIN 951767367 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.