Plan Ledger DOL Form 5500 · updated monthly

Credit Management Company401(k)

CREDIT MANAGEMENT COMPANY 401(K) PROFIT SHARING PLAN · PITTSBURGH, PA · plan year 2024

Reported admin expense ratio · 2024
0.82%

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

Credit Management Company reported $22,004 in plan administrative expenses for 2024: 0.82% of average plan assets, above the peer median. Employer contributions averaged $534 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 0.41% to 0.82%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Pennsylvania (3,211th of 3,651), and 1,787th of 2,534 in administrative & support services. In 2024, employees put in $2.65 for every $1.00 the employer contributed; active participation has shrunk from 142 to 113 since 2022.

Plan summary
Net assets, end of year$2,807,889
Participants with balances141
Active participants113
Employer contributions$60,298
Employee contributions$159,931
Employer contribution per active participant$534
Average account balance$19,914
Benefits paid to participants$309,977
Plan auditUnmodified (clean) audit opinion
AuditorFGMK
Plan history3
Yearassets · accounts · employer contribution
2024$2.8M · 141 accts · $60K emplr
2023$2.6M · 140 accts · $58K emplr
2022$2.3M · 194 accts · $59K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$22,004
Total administrative$22,004
The Credit Management Company 401(k) match · 2024
Employer contribution per active participant$534
Median for plans this size$1,313
2024$534 per active participant
2023$435 per active participant
2022$417 per active participant

Credit Management Company's 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom 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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$22,010
ALLIANT INSURANCE SERVICES INC. · Investment advisory (plan) · Other servicesindirect 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$22,004 · 0.82%
2023$13,343 · 0.55%
2022$10,637 · 0.41%
Same employer
Similar plansAdministrative & Support Services · Pennsylvania

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Source: U.S. Department of Labor, Form 5500 series, EIN 251155390 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.