Plan Ledger DOL Form 5500 · updated monthly

Financial Partners Credit Union401(k)

FINANCIAL PARTNERS CREDIT UNION EMPLOYEES' 401(K) SAVINGS PLAN · DOWNEY, CA · plan year 2024

Reported admin expense ratio · 2024
0.21%

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

Financial Partners Credit Union reported $75,556 in plan administrative expenses for 2024: 0.21% of average plan assets, below the peer median. Employer contributions averaged $3,234 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 0.44% to 0.21%. 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 2,230th-largest of 9,483 plans among California employers on file, and the 2,041st of 4,798 in finance & insurance. In 2024, employees put in $2.12 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$38,050,890
Participants with balances407
Active participants294
Employer contributions$950,825
Employee contributions$2,012,421
Employer contribution per active participant$3,234
Average account balance$93,491
Benefits paid to participants$2,988,349
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$38.1M · 407 accts · $951K emplr
2023$33.5M · 404 accts · $950K emplr
2022$29.1M · 408 accts · $1.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$53,277
Investment management$13,884
Total administrative$75,556
The Financial Partners Credit Union 401(k) match · 2024
Employer contribution per active participant$3,234
Median for plans this size$2,416
2024$3,234 per active participant
2023$3,209 per active participant
2022$5,763 per active participant

Financial Partners Credit Union's 2024 employer contribution ran above 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 · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$61,673
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$13,884

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$75,556 · 0.21%
2023$95,401 · 0.30%
2022$138,051 · 0.44%
Same employer
Similar plansFinance & Insurance · California
Lifecare Assurance Company CA$39.4M · 0.04%
Pmi Mortgage Insurance Co. CA$38.6M · 0.08%
Meriwest Credit Union CA$37.5M · 0.37%
Spoton Technologies, Inc. CA$37.3M · 0.51%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 951653038 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.