Plan Ledger DOL Form 5500 · updated monthly

Fairwinds Credit Union401(k)

FAIRWINDS CREDIT UNION RETIREMENT SAVINGS PLAN · ORLANDO, FL · plan year 2024

Reported admin expense ratio · 2024
0.22%

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

Fairwinds Credit Union reported $182,163 in plan administrative expenses for 2024: 0.22% of average plan assets, above the peer median. Employer contributions averaged $4,220 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 1 year on file its reported administrative ratio rose from 0.08% to 0.22%. 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 346th-largest of 3,644 plans among Florida employers on file, and the 1,077th of 4,798 in finance & insurance. In 2024, employees put in $1.70 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$91,187,974
Participants with balances722
Active participants595
Employer contributions$2,510,860
Employee contributions$4,257,242
Employer contribution per active participant$4,220
Average account balance$126,299
Benefits paid to participants$6,166,102
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$91.2M · 722 accts · $2.5M emplr
2023$76.7M · 730 accts · $2.6M emplr
2022$61.7M · 726 accts · $2.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$85,900
Investment management$96,263
Total administrative$182,163
The Fairwinds Credit Union 401(k) match · 2024
Employer contribution per active participant$4,220
Median for plans this size$3,635
2024$4,220 per active participant
2023$4,489 per active participant
2022$3,811 per active participant

Fairwinds 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 · 20243
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$85,915
NFP RETIREMENT INC. · Investment advisory (plan)$74,194
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$22,069

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$182,163 · 0.22%
2023$57,805 · 0.08%
2022Not separately reported
Same employer
Similar plansFinance & Insurance · Florida
Ocean Bank FL$107.4M · 0.16%
Midflorida Credit Union FL$91.9M · 0.15%
Tradestation Group, Inc. FL$89.9M · 0.11%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 111644012 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.