Plan Ledger DOL Form 5500 · updated monthly

Commonwealth One Federal Credit Union401(k)

COMMONWEALTH ONE FEDERAL CREDIT UNION 401(K) PLAN · ALEXANDRIA, VA · plan year 2024

Reported admin expense ratio · 2024
0.19%

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

Commonwealth One Federal Credit Union reported $16,036 in plan administrative expenses for 2024: 0.19% of average plan assets, lower than ~75% of peers. Employer contributions averaged $4,480 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 0.11% to 0.19%. 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 Virginia (1,497th of 2,266), and 4,038th of 4,798 in finance & insurance. In 2024, employees put in $1.60 for every $1.00 the employer contributed; active participation has grown from 77 to 86 since 2022.

Plan summary
Net assets, end of year$9,461,673
Participants with balances123
Active participants86
Employer contributions$385,276
Employee contributions$615,174
Employer contribution per active participant$4,480
Average account balance$76,924
Benefits paid to participants$533,321
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.5M · 123 accts · $385K emplr
2023$7.8M · 115 accts · $341K emplr
2022$6.9M · 121 accts · $289K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$7,064
Investment management$8,972
Total administrative$16,036
The Commonwealth One Federal Credit Union 401(k) match · 2024
Employer contribution per active participant$4,480
Median for plans this size$1,313
2024$4,480 per active participant
2023$4,256 per active participant
2022$3,748 per active participant

Commonwealth One 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 · 20244
MINNESOTA LIFE INSURANCE COMPANY · Contract administrator · Recordkeeping$2,339
GROVE POINT INVESTMENTS, LLC · Investment advisory (plan)$8,798
EMPOWER ADVISORY GROUP, LLC · Investment management$174

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

Recordkeeper by year2
2024Securian
2023Securian

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

Administrative cost history3
2024$16,036 · 0.19%
2023$8,516 · 0.12%
2022$8,544 · 0.11%
Similar plansFinance & Insurance · Virginia
Skyline National Bank VA$10.6M · 0.82%
Touchstone Bank VA$10.5M · 0.69%
Call Federal Credit Union VA$9.8M · 0.66%
Capital Center, LLC VA$9.1M · 0.80%
Integrity Home Mortgage VA$9.0M · 0.63%

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Source: U.S. Department of Labor, Form 5500 series, EIN 530197031 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.