Plan Ledger DOL Form 5500 · updated monthly

Christian Financial Credit Union401(k)

CHRISTIAN FINANCIAL CREDIT UNION EMPLOYEES 401(K) AND PROFIT SHARING PLAN · STERLING HEIGHTS, MI · plan year 2024

Reported admin expense ratio · 2024
0.18%

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

Christian Financial Credit Union reported $40,913 in plan administrative expenses for 2024: 0.18% of average plan assets, below the peer median. Employer contributions averaged $4,854 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 3 years on file its reported administrative ratio has held roughly steady near 0.176%. 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 904th-largest of 2,619 plans among Michigan employers on file, and 2,750th of 4,798 in finance & insurance. In 2024, employees put in $1.30 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$24,246,005
Participants with balances219
Active participants165
Employer contributions$800,945
Employee contributions$1,044,126
Employer contribution per active participant$4,854
Average account balance$110,712
Benefits paid to participants$2,963,599
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$24.2M · 219 accts · $801K emplr
2023$22.3M · 207 accts · $726K emplr
2022$18.5M · 215 accts · $663K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$40,913
Total administrative$40,913
The Christian Financial Credit Union 401(k) match · 2024
Employer contribution per active participant$4,854
Median for plans this size$2,416
2024$4,854 per active participant
2023$4,536 per active participant
2022$4,142 per active participant

Christian Financial 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 · 20241
ASCENSUS LLC · Loan processing · Recordkeeping$40,913

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

Recordkeeper by year2
2024Ascensus
2023Ascensus

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

Administrative cost history3
2024$40,913 · 0.18%
2023$35,358 · 0.17%
2022$36,012 · 0.18%
Same employer
Similar plansFinance & Insurance · Michigan
Fentura Financial Inc. MI$25.5M · 0.44%
Multi-Bank Services, LTD. MI$25.0M · 0.08%
United Bank of Michigan MI$22.7M · 0.22%
Members First Credit Union MI$22.2M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 381418180 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.