Plan Ledger DOL Form 5500 · updated monthly

Connexus Credit Union401(k)

CONNEXUS CREDIT UNION 401(K) PLAN · WAUSAU, WI · plan year 2024

Reported admin expense ratio · 2024
0.32%

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

Connexus Credit Union reported $154,181 in plan administrative expenses for 2024: 0.32% of average plan assets, above the peer median. Employer contributions averaged $3,880 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 0.25% to 0.32%. 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 391st-largest of 1,936 plans among Wisconsin employers on file, and the 1,572nd of 4,798 in finance & insurance. In 2024, employees put in $1.43 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$53,999,167
Participants with balances825
Active participants707
Employer contributions$2,743,043
Employee contributions$3,918,836
Employer contribution per active participant$3,880
Average account balance$65,454
Benefits paid to participants$4,048,835
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$54.0M · 825 accts · $2.7M emplr
2023$41.3M · 791 accts · $3.2M emplr
2022$33.0M · 739 accts · $3.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$124,181
Investment management$30,000
Total administrative$154,181
The Connexus Credit Union 401(k) match · 2024
Employer contribution per active participant$3,880
Median for plans this size$2,416
2024$3,880 per active participant
2023$4,562 per active participant
2022$5,133 per active participant

Connexus Credit Union's 2024 employer contribution ran above 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 · 20242
GALLAGHER BENEFIT SERVICES INC DBA · Investment advisory (plan)$30,000

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$154,181 · 0.32%
2023$110,577 · 0.30%
2022$71,357 · 0.25%
Same employer
Similar plansFinance & Insurance · Wisconsin
Skygen USA WI$62.3M · 0.20%
Waukesha State Bank WI$61.7M · 0.08%
Network Health, Inc. WI$54.2M · 0.17%
North Shore Bank, Fsb WI$53.6M · 0.17%
Horicon Bank WI$46.6M · 0.30%

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Source: U.S. Department of Labor, Form 5500 series, EIN 390263945 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.