Plan Ledger DOL Form 5500 · updated monthly

Fort Liberty Federal Credit Union401(k)

FORT BRAGG FEDERAL CREDIT UNION 401(K) PLAN AND TRUST · FAYETTEVILLE, NC · plan year 2024

Reported admin expense ratio · 2024
0.18%

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

Fort Liberty Federal Credit Union reported $18,298 in plan administrative expenses for 2024: 0.18% of average plan assets, below the peer median. Employer contributions averaged $6,781 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 0.22% to 0.18%. 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 among the smaller plans on file in North Carolina (1,082nd of 2,005), and 3,930th of 4,798 in finance & insurance. In 2024, the employer put in $1.22 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$10,495,217
Participants with balances98
Active participants57
Employer contributions$386,535
Employee contributions$315,750
Employer contribution per active participant$6,781
Average account balance$107,094
Benefits paid to participants$1,229,037
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$10.5M · 98 accts · $387K emplr
2023$9.7M · 110 accts · $342K emplr
2022$9.0M · 103 accts · $314K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$13,627
Investment management$4,671
Total administrative$18,298
The Fort Liberty Federal Credit Union 401(k) match · 2024
Employer contribution per active participant$6,781
Median for plans this size$2,416
2024$6,781 per active participant
2023$5,259 per active participant
2022$5,155 per active participant

Fort Liberty Federal 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 · 20241
CMFG LIFE INSURANCE COMPANY · Recordkeeping · Pension consulting$13,627

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

Recordkeeper by year2
2024TruStage (CUNA Mutual)
2023TruStage (CUNA Mutual)

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

Administrative cost history3
2024$18,298 · 0.18%
2023$26,309 · 0.28%
2022$21,073 · 0.22%
Similar plansFinance & Insurance · North Carolina
Flores & Associates, LLC NC$14.3M · 0.40%
Members Credit Union NC$12.8M · 0.04%
Goprime Mortgage, Inc. NC$9.8M · 0.79%
Champion Credit Union NC$9.8M · 0.21%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 560710974 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.