Plan Ledger DOL Form 5500 · updated monthly

Elevations Credit Union401(k)

ELEVATIONS CREDIT UNION CAPITAL ACCUMULATION PLAN · BOULDER, CO · plan year 2024

Reported admin expense ratio · 2024
0.11%

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

Elevations Credit Union reported $80,857 in plan administrative expenses for 2024: 0.11% of average plan assets, below the peer median. Employer contributions averaged $3,392 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 0.14% to 0.11%. 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 163rd-largest of 1,461 plans among Colorado employers on file, and the 1,202nd of 4,798 in finance & insurance. In 2024, employees put in $2.38 for every $1.00 the employer contributed; active participation has shrunk from 654 to 573 since 2022.

Plan summary
Net assets, end of year$78,207,543
Participants with balances670
Active participants573
Employer contributions$1,943,635
Employee contributions$4,621,775
Employer contribution per active participant$3,392
Average account balance$116,728
Benefits paid to participants$5,961,638
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$78.2M · 670 accts · $1.9M emplr
2023$66.2M · 660 accts · $1.9M emplr
2022$54.1M · 663 accts · $1.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$69,853
Investment management$11,004
Total administrative$80,857
The Elevations Credit Union 401(k) match · 2024
Employer contribution per active participant$3,392
Median for plans this size$3,635
2024$3,392 per active participant
2023$3,313 per active participant
2022$2,914 per active participant

Elevations Credit Union's 2024 employer contribution ran below 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 · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$69,853
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$11,004

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$80,857 · 0.11%
2023$69,935 · 0.12%
2022$80,937 · 0.14%
Same employer
Similar plansFinance & Insurance · Colorado
Alpine Banks of Colorado CO$160.9M · 0.03%
Mercer Advisors, Inc. CO$145.3M · 0.02%
Canvas Credit Union CO$67.0M · 0.31%
Credit Union of Colorado CO$60.2M · 0.03%
Bellco Credit Union CO$49.8M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 840459116 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.