Plan Ledger DOL Form 5500 · updated monthly

Commonwealth Credit Union, Inc.401(k)

COMMONWEALTH CREDIT UNION 401(K) RETIREMENT SAVINGS PLAN · FRANKFORT, KY · plan year 2024

Reported admin expense ratio · 2024
0.25%

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

Commonwealth Credit Union, Inc. reported $46,031 in plan administrative expenses for 2024: 0.25% of average plan assets, below the peer median. Employer contributions averaged $1,733 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 0.23% to 0.25%. 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 289th-largest of 871 plans among Kentucky employers on file, and 3,052nd of 4,798 in finance & insurance. In 2024, employees put in $3.04 for every $1.00 the employer contributed; active participation has grown from 338 to 372 since 2022.

Plan summary
Net assets, end of year$20,059,467
Participants with balances410
Active participants372
Employer contributions$644,720
Employee contributions$1,957,772
Employer contribution per active participant$1,733
Average account balance$48,926
Benefits paid to participants$1,811,113
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$20.1M · 410 accts · $645K emplr
2023$17.0M · 394 accts · $274K emplr
2022$14.0M · 372 accts · $479K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$46,031
Total administrative$46,031
The Commonwealth Credit Union, Inc. 401(k) match · 2024
Employer contribution per active participant$1,733
Median for plans this size$2,416
2024$1,733 per active participant
2023$765 per active participant
2022$1,418 per active participant

Commonwealth Credit Union, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size. 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$46,030
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect 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$46,031 · 0.25%
2023$38,958 · 0.25%
2022$34,172 · 0.23%
All plans at this employer2
COMMONWEALTH CREDIT UNION 401(K) RETIREMENT SAVINGS PLAN401(k)
COMMONWEALTH CREDIT UNION 401(K) RETIREMENT SAVINGS PLAN401(k)
Same employer
Similar plansFinance & Insurance · Kentucky
Park Federal Credit Union KY$22.1M · 0.30%
The Cecilian Bank KY$21.8M · 0.21%
Heritage Bank, Inc. KY$19.4M · 0.53%
South Central Bank, Inc. KY$18.6M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 610671028 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.