Plan Ledger DOL Form 5500 · updated monthly

Family Trust Federal Credit Union401(k)

FAMILY TRUST FEDERAL CREDIT UNION 401(K) PLAN · ROCK HILL, SC · plan year 2024

Reported admin expense ratio · 2024
0.14%

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

Family Trust Federal Credit Union reported $21,133 in plan administrative expenses for 2024: 0.14% of average plan assets, below the peer median. Employer contributions averaged $1,580 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 rose from 0.13% to 0.14%. 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 322nd-largest of 807 plans among South Carolina employers on file, and 3,413th of 4,798 in finance & insurance. In 2024, employees put in $1.83 for every $1.00 the employer contributed; active participation has grown from 134 to 165 since 2022.

Plan summary
Net assets, end of year$15,919,514
Participants with balances161
Active participants165
Employer contributions$260,639
Employee contributions$476,229
Employer contribution per active participant$1,580
Average account balance$98,879
Benefits paid to participants$1,504,041
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$15.9M · 161 accts · $261K emplr
2023$15.0M · 155 accts · $270K emplr
2022$14.9M · 180 accts · $685K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$21,133
Total administrative$21,133
The Family Trust Federal Credit Union 401(k) match · 2024
Employer contribution per active participant$1,580
Median for plans this size$2,416
2024$1,580 per active participant
2023$2,307 per active participant
2022$5,109 per active participant

Family Trust 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 · 20241

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$21,133 · 0.14%
2023$20,375 · 0.14%
2022$17,118 · 0.13%
Same employer
Similar plansFinance & Insurance · South Carolina
First Reliance Bank SC$19.5M · 0.52%
Coastal States Bank SC$18.1M · 0.55%
First Palmetto Bank SC$16.9M · 0.50%
Grandsouth Bank SC$14.8M · 0.18%
The Cason Group, Inc SC$12.7M · 0.50%

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Source: U.S. Department of Labor, Form 5500 series, EIN 570400781 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.