Plan Ledger DOL Form 5500 · updated monthly

F & a Federal Credit Union401(k)

F & A FEDERAL CREDIT UNION CAPITAL ACCUMULATION PLAN · MONTEREY PARK, CA · plan year 2024

Employer contribution per participant · 2024
$8,114

F & a Federal Credit Union's 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $21,165,162 across 129 participant accounts, with employer contributions averaging $8,114 per active participant. See methodology for what Form 5500 does and doesn't capture.

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 3,493rd-largest of 9,483 plans among California employers on file, and 2,959th of 4,798 in finance & insurance. In 2024, the employer put in $1.01 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$21,165,162
Participants with balances129
Active participants110
Employer contributions$892,524
Employee contributions$885,742
Employer contribution per active participant$8,114
Average account balance$164,071
Benefits paid to participants$2,089,164
Plan auditUnmodified (clean) audit opinion
AuditorTURNER WARREN HWANG & CONRAD ACCOUN
Plan history2
Yearassets · accounts · employer contribution
2024$21.2M · 129 accts · $893K emplr
2023$19.3M · 140 accts · $861K emplr
The F & a Federal Credit Union 401(k) match · 2024
Employer contribution per active participant$8,114
Median for plans this size$2,416
2024$8,114 per active participant
2023$7,556 per active participant

F & a Federal Credit Union's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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.

Administrative cost history2
2024Not separately reported
2023$2,825 · 0.02%
Same employer
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Ieq Capital, LLC CA$20.7M · 0.31%

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Source: U.S. Department of Labor, Form 5500 series, EIN 951683492 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.