Plan Ledger DOL Form 5500 · updated monthly

Community Choice Credit Union401(k)

COMMUNITY CHOICE CREDIT UNION 401(K) PLAN · JOHSNSTON, IA · plan year 2024

Reported admin expense ratio · 2024
0.16%

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

Community Choice Credit Union reported $44,248 in plan administrative expenses for 2024: 0.16% of average plan assets, below the peer median. Employer contributions averaged $8,888 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.

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 330th-largest of 878 plans among Iowa employers on file, and 2,568th of 4,798 in finance & insurance. In 2024, the employer put in $2.18 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$27,214,952
Participants with balances231
Active participants175
Employer contributions$1,555,337
Employee contributions$713,763
Employer contribution per active participant$8,888
Average account balance$117,814
Benefits paid to participants$937,170
Plan auditUnmodified (clean) audit opinion
AuditorGARDINER + COMPANY
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$44,248
Total administrative$44,248
The Community Choice Credit Union 401(k) match · 2024
Employer contribution per active participant$8,888
Median for plans this size$2,416

Community Choice 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 · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$44,248
PRINCIPAL SECURITIES INC · Other servicesindirect comp
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 history1
2024$44,248 · 0.16%
Same employer
Similar plansFinance & Insurance · Iowa
Commercial Financial Corp IA$32.8M · 0.24%
Peoples Bank IA$32.3M · 0.22%
Fidelity Ban Corporation IA$28.1M · 0.27%
Fidelity Bank & Trust IA$27.0M · 0.08%
Iowa State Bank IA$24.6M · 0.38%
Community 1ST Credit Union IA$23.5M · 0.69%

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Source: U.S. Department of Labor, Form 5500 series, EIN 420778245 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.