Plan Ledger DOL Form 5500 · updated monthly

Credit Union 1401(k)

CREDIT UNION 1 PROFIT SHARING/401(K) PLAN · ANCHORAGE, AK · plan year 2024

Reported admin expense ratio · 2024
0.17%

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

Credit Union 1 reported $56,049 in plan administrative expenses for 2024: 0.17% of average plan assets, below the peer median. Employer contributions averaged $4,017 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 0.17%. 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 55th-largest of 160 plans among Alaska employers on file, and the 2,223rd of 4,798 in finance & insurance. In 2024, employees put in $1.12 for every $1.00 the employer contributed; active participation has grown from 272 to 338 since 2022.

Plan summary
Net assets, end of year$34,020,878
Participants with balances441
Active participants338
Employer contributions$1,357,773
Employee contributions$1,524,559
Employer contribution per active participant$4,017
Average account balance$77,145
Benefits paid to participants$6,856,707
Plan auditUnmodified (clean) audit opinion
AuditorBAKER TILLY, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$34.0M · 441 accts · $1.4M emplr
2023$33.2M · 457 accts · $1.4M emplr
2022$27.3M · 348 accts · $1.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$56,049
Total administrative$56,049
The Credit Union 1 401(k) match · 2024
Employer contribution per active participant$4,017
Median for plans this size$2,416
2024$4,017 per active participant
2023$3,748 per active participant
2022$6,671 per active participant

Credit Union 1'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
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$56,049
CHARLES SCHWAB BANK · Custodial (securities)$12,812

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

Recordkeeper by year2
2024The Standard
2023The Standard

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

Administrative cost history3
2024$56,049 · 0.17%
2023$17,861 · 0.06%
2022$24,221 · 0.08%
Same employer
Similar plansFinance & Insurance · Alaska
Global Federal Credit Union AK$149.6M · 0.24%
First National Bank Alaska AK$119.5M · 0.14%
Northrim Bank AK$101.4M · 0.15%
Tanadgusix Corporation AK$34.6M · 0.30%
McKinley Management, LLC AK$24.4M · 0.07%
First Bank AK$23.5M · 0.04%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 920021481 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.