Plan Ledger DOL Form 5500 · updated monthly

Community First Credit Union Of401(k)

COMMUNITY FIRST CREDIT UNION OF FLORIDA SALARY SAVINGS PLAN · JACKSONVILLE, FL · plan year 2024

Reported admin expense ratio · 2024
0.15%

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

Community First Credit Union Of reported $38,258 in plan administrative expenses for 2024: 0.15% of average plan assets, below the peer median. Employer contributions averaged $2,169 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 0.08% to 0.15%. 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 906th-largest of 3,644 plans among Florida employers on file, and 2,619th of 4,798 in finance & insurance. In 2024, employees put in $1.84 for every $1.00 the employer contributed; active participation has grown from 338 to 421 since 2022.

Plan summary
Net assets, end of year$26,375,833
Participants with balances482
Active participants421
Employer contributions$913,274
Employee contributions$1,683,003
Employer contribution per active participant$2,169
Average account balance$54,722
Benefits paid to participants$4,677,566
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$26.4M · 482 accts · $913K emplr
2023$25.1M · 437 accts · $696K emplr
2022$20.6M · 359 accts · $622K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$11,975
Investment management$20,887
Total administrative$38,258
The Community First Credit Union Of 401(k) match · 2024
Employer contribution per active participant$2,169
Median for plans this size$2,416
2024$2,169 per active participant
2023$1,745 per active participant
2022$1,841 per active participant

Community First Credit Union Of'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 · 20244
VOYA RETIREMENT ADVISORS, LLC · Investment advisory (participants)$15,823
VOYA RETIREMENT INSURANCE & ANNUITY · Investment advisory (participants)$14,430
ASSURANCE DIMENSIONS$5,005
GALLAGHER BENEFIT SERVICES INCindirect 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$38,258 · 0.15%
2023$20,514 · 0.09%
2022$16,923 · 0.08%
Same employer
Similar plansFinance & Insurance · Florida
Ned Davis Research, Inc. FL$26.7M · 0.01%
Hci Group, Inc. FL$26.5M · 0.01%
Bradesco Bank FL$26.1M · 0.01%
Banesco USA FL$25.9M · 0.23%
Trg Fiduciary Services, LLC FL$24.7M · 0.41%
Skyway Underwriters, LLC FL$24.5M · 0.15%

Why are you looking at this plan?

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Source: U.S. Department of Labor, Form 5500 series, EIN 590227113 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.