Plan Ledger DOL Form 5500 · updated monthly

Eastman Credit Union401(k)

EASTMAN CREDIT UNION 401(K) INVESTMENT PLAN · KINGSPORT, TN · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

Eastman Credit Union reported $32,585 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $5,317 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 fell from 0.04% to 0.02%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 125th-largest of 1,496 plans among Tennessee employers on file, and the 747th of 4,798 in finance & insurance. In 2024, the employer put in $1.07 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$146,141,788
Participants with balances1,213
Active participants1,071
Employer contributions$5,694,470
Employee contributions$5,341,005
Employer contribution per active participant$5,317
Average account balance$120,480
Benefits paid to participants$8,420,490
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$146.1M · 1,213 accts · $5.7M emplr
2023$124.5M · 1,170 accts · $5.4M emplr
2022$102.1M · 1,109 accts · $4.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$32,585
Total administrative$32,585
The Eastman Credit Union 401(k) match · 2024
Employer contribution per active participant$5,317
Median for plans this size$3,635
2024$5,317 per active participant
2023$5,186 per active participant
2022$4,932 per active participant

Eastman Credit Union's 2024 employer contribution ran above the $3,635 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 · 20241
SENTINEL BENEFITS GROUP INC · Recordkeeping · Loan processing$32,585

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

Recordkeeper by year2
2024Sentinel Group
2023Sentinel Group

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

Administrative cost history3
2024$32,585 · 0.02%
2023$41,300 · 0.04%
2022$46,799 · 0.04%
Same employer
Similar plansFinance & Insurance · Tennessee
Asurion LLC TN$733.3M · 0.15%
Pinnacle Bank TN$564.6M · 0.01%
Fb Financial Corporation TN$138.3M · 0.22%
G. M. Lawrence & Co. TN$96.2M · 0.35%
Wilson Bank & Trust Company TN$91.1M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 626039479 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.