Plan Ledger DOL Form 5500 · updated monthly

Franklin Mint Federal Credit Union401(k)

FRANKLIN MINT FEDERAL CREDIT UNION 401(K) · CHADDS FORD, PA · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

Franklin Mint Federal Credit Union reported $5,181 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,402 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 0.02% to 0.01%. 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 895th-largest of 3,651 plans among Pennsylvania employers on file, and the 1,857th of 4,798 in finance & insurance. In 2024, employees put in $1.79 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$43,129,573
Participants with balances402
Active participants322
Employer contributions$1,095,371
Employee contributions$1,965,949
Employer contribution per active participant$3,402
Average account balance$107,287
Benefits paid to participants$3,166,251
Plan auditUnmodified (clean) audit opinion
AuditorRKL LLP
Plan history3
Yearassets · accounts · employer contribution
2024$43.1M · 402 accts · $1.1M emplr
2023$37.5M · 398 accts · $1.1M emplr
2022$31.4M · 395 accts · $1.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,181
Total administrative$5,181
The Franklin Mint Federal Credit Union 401(k) match · 2024
Employer contribution per active participant$3,402
Median for plans this size$2,416
2024$3,402 per active participant
2023$3,213 per active participant
2022$3,139 per active participant

Franklin Mint Federal 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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$5,181

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$5,181 · 0.01%
2023$5,069 · 0.01%
2022$5,326 · 0.02%
Same employer
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Tri State Capital Bank PA$45.4M · 0.01%
Petrochoice Holdings, Inc. PA$44.4M · 0.35%
K2 Insurance Services, LLC PA$42.8M · 0.18%
Somerset Trust Company PA$42.1M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 232695702 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.