Plan Ledger DOL Form 5500 · updated monthly

Eglin Federal Credit Union401(k)

EGLIN FEDERAL CREDIT UNION 401(K) RETIREMENT PLAN · FT WALTON BEACH, FL · plan year 2024

Reported admin expense ratio · 2024
0.36%

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

Eglin Federal Credit Union reported $95,951 in plan administrative expenses for 2024: 0.36% of average plan assets, above the peer median. Employer contributions averaged $1,997 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 0.39% to 0.36%. 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 852nd-largest of 3,644 plans among Florida employers on file, and 2,476th of 4,798 in finance & insurance. In 2024, employees put in $2.10 for every $1.00 the employer contributed; active participation has grown from 331 to 393 since 2022.

Plan summary
Net assets, end of year$28,674,825
Participants with balances431
Active participants393
Employer contributions$784,969
Employee contributions$1,646,779
Employer contribution per active participant$1,997
Average account balance$66,531
Benefits paid to participants$2,335,661
Plan auditDisclaimer of opinion
Plan history3
Yearassets · accounts · employer contribution
2024$28.7M · 431 accts · $785K emplr
2023$25.0M · 407 accts · $647K emplr
2022$20.3M · 377 accts · $531K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$95,951
Total administrative$95,951
The Eglin Federal Credit Union 401(k) match · 2024
Employer contribution per active participant$1,997
Median for plans this size$2,416
2024$1,997 per active participant
2023$1,754 per active participant
2022$1,605 per active participant

Eglin Federal Credit Union'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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$95,951
MML INVESTORS SERVICES LLC · Other servicesindirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect 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$95,951 · 0.36%
2023$88,867 · 0.39%
2022$85,196 · 0.39%
Same employer
Similar plansFinance & Insurance · Florida
Helm Bank USA FL$31.0M · 0.44%
Ltc Global, Inc. FL$30.0M · 0.01%
Ned Davis Research, Inc. FL$26.7M · 0.01%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 590724728 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.