Plan Ledger DOL Form 5500 · updated monthly

Champion Credit Union401(k)

CHAMPION CREDIT UNION 401(K) SAVINGS PLAN · CANTON, NC · plan year 2025

Reported admin expense ratio · 2025
0.21%

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

Champion Credit Union reported $18,070 in plan administrative expenses for 2025: 0.21% of average plan assets, lower than ~75% of peers. Employer contributions averaged $4,210 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 has held roughly steady near 0.209%. The plan sits in the $1M–$10M size bracket, benchmarked here against 809 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in North Carolina (1,124th of 2,005), and 4,009th of 4,798 in finance & insurance. In 2025, the employer put in $1.11 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$9,776,234
Participants with balances145
Active participants112
Employer contributions$471,542
Employee contributions$422,942
Employer contribution per active participant$4,210
Average account balance$67,422
Benefits paid to participants$382,998
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2025$9.8M · 145 accts · $472K emplr
2024$7.5M · 137 accts · $437K emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$18,070
Total administrative$18,070
The Champion Credit Union 401(k) match · 2025
Employer contribution per active participant$4,210
Median for plans this size$1,464
2025$4,210 per active participant
2024$3,974 per active participant

Champion Credit Union's 2025 employer contribution ran above the $1,464 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20251
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$18,070

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

Administrative cost history2
2025$18,070 · 0.21%
2024$14,190 · 0.21%
Same employer
Similar plansFinance & Insurance · North Carolina
Members Credit Union NC$12.8M · 0.04%
Goprime Mortgage, Inc. NC$9.8M · 0.79%

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Source: U.S. Department of Labor, Form 5500 series, EIN 560172675 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.