Plan Ledger DOL Form 5500 · updated monthly

Floridacentral Credit Union401(k)

FLORIDACENTRAL CREDIT UNION EMPLOYEE SAVINGS PLAN · TAMPA, FL · plan year 2025

Reported admin expense ratio · 2025
0.41%

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

Floridacentral Credit Union reported $41,473 in plan administrative expenses for 2025: 0.41% of average plan assets, above the peer median. Employer contributions averaged $2,033 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 3 years on file its reported administrative ratio rose from 0.27% to 0.41%. The plan sits in the $10M–$50M size bracket, benchmarked here against 1,620 comparable plans and shown alongside other finance & insurance employers. By assets it is the 1,718th-largest of 3,644 plans among Florida employers on file, and 3,916th of 4,798 in finance & insurance. In 2025, employees put in $2.05 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,645,026
Participants with balances137
Active participants121
Employer contributions$245,964
Employee contributions$504,422
Employer contribution per active participant$2,033
Average account balance$77,701
Benefits paid to participants$1,167,561
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$10.6M · 137 accts · $246K emplr
2024$9.4M · 132 accts · $231K emplr
2023$10.1M · 139 accts · $253K emplr
2022$10.6M · 138 accts · $263K emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$27,348
Investment management$4,708
Total administrative$41,473
The Floridacentral Credit Union 401(k) match · 2025
Employer contribution per active participant$2,033
Median for plans this size$2,666
2025$2,033 per active participant
2024$1,975 per active participant
2023$2,126 per active participant
2022$2,323 per active participant

Floridacentral Credit Union's 2025 employer contribution ran below the $2,666 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20253
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$27,348
MERRILL LYNCH PIERCE FENNER & SMITH · Pension consulting · Investment advisory (plan)$14,125
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp

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

Administrative cost history4
2025$41,473 · 0.41%
2024$42,783 · 0.44%
2023$39,176 · 0.38%
2022$30,666 · 0.27%
Same employer
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Sentrics, Inc. FL$11.3M · 0.58%
Insigneo Securities, LLC FL$11.3M · 0.34%
First Bank of Clewiston FL$11.2M · 0.28%
Agamerica Lending LLC FL$10.7M · 0.19%
Venuplus Inc. FL$10.6M · 0.52%
Radifi Federal Credit Union FL$10.3M · 0.21%
Archwell Essentials FL$10.2M · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 590857430 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.