Plan Ledger DOL Form 5500 · updated monthly

Cfcu Community Credit Union401(k)

CFCU COMMUNITY CREDIT UNION 401(K) PLAN · ITHACA, NY · plan year 2024

Reported admin expense ratio · 2024
0.18%

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

Cfcu Community Credit Union reported $58,634 in plan administrative expenses for 2024: 0.18% of average plan assets, below the peer median. Employer contributions averaged $6,658 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 0.24% to 0.18%. 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 1,773rd-largest of 5,648 plans among New York employers on file, and the 2,192nd of 4,798 in finance & insurance. In 2024, the employer put in $1.41 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$34,598,798
Participants with balances289
Active participants220
Employer contributions$1,464,706
Employee contributions$1,036,451
Employer contribution per active participant$6,658
Average account balance$119,719
Benefits paid to participants$481,949
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$34.6M · 289 accts · $1.5M emplr
2023$28.9M · 279 accts · $1.5M emplr
2022$24.3M · 278 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$9,341
Investment management$49,293
Total administrative$58,634
The Cfcu Community Credit Union 401(k) match · 2024
Employer contribution per active participant$6,658
Median for plans this size$2,416
2024$6,658 per active participant
2023$7,105 per active participant
2022$6,039 per active participant

Cfcu Community Credit Union's 2024 employer contribution ran above the $2,416 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 · 20243
THE HAYS FINANCIAL GROUP, LLC · Investment advisory (plan)$46,743
EMPOWER ADVISORY GROUP, LLC · Investment management$2,550

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$58,634 · 0.18%
2023$39,214 · 0.15%
2022$60,287 · 0.24%
Same employer
Similar plansFinance & Insurance · New York
Granite Associates, L.P. NY$34.7M · 0.02%
Pretium Employer, LLC NY$34.6M · 0.01%
Coatue Management, LLC NY$34.2M · 0.32%

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Source: U.S. Department of Labor, Form 5500 series, EIN 150574036 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.