Plan Ledger DOL Form 5500 · updated monthly

First Florida Credit Union401(k)

FIRST FLORIDA CREDIT UNION 401(K) PROFIT SHARING PLAN · JACKSONVILLE, FL · plan year 2024

Reported admin expense ratio · 2024
0.25%

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

First Florida Credit Union reported $54,256 in plan administrative expenses for 2024: 0.25% of average plan assets, below the peer median. Employer contributions averaged $4,850 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 0.58% to 0.25%. 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 1,022nd-largest of 3,644 plans among Florida employers on file, and 2,847th of 4,798 in finance & insurance. In 2024, employees put in $1.21 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$22,773,274
Participants with balances257
Active participants202
Employer contributions$979,658
Employee contributions$1,189,054
Employer contribution per active participant$4,850
Average account balance$88,612
Benefits paid to participants$2,115,994
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$22.8M · 257 accts · $980K emplr
2023$20.3M · 247 accts · $883K emplr
2022$17.4M · 251 accts · $789K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$38,151
Investment management$16,105
Total administrative$54,256
The First Florida Credit Union 401(k) match · 2024
Employer contribution per active participant$4,850
Median for plans this size$2,416
2024$4,850 per active participant
2023$4,247 per active participant
2022$3,964 per active participant

First Florida 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.

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
JOHN HANCOCK · Recordkeeping · Loan processing$38,969
ONEDIGITAL INVESTMENT ADVISORS LLC · Investment advisory (plan)$12,135

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$54,256 · 0.25%
2023$78,778 · 0.42%
2022$109,213 · 0.58%
Same employer
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Bupa Worldwide Corporation FL$23.6M · 0.33%
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Source: U.S. Department of Labor, Form 5500 series, EIN 590705380 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.