Plan Ledger DOL Form 5500 · updated monthly

Georgia's Own Credit Union401(k)

GEORGIA'S OWN CREDIT UNION EMPLOYEES SAVINGS PLAN & TRUST · ATLANTA, GA · plan year 2024

Reported admin expense ratio · 2024
0.03%

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

Georgia's Own Credit Union reported $23,821 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $6,347 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 1 year on file its reported administrative ratio fell from 0.07% to 0.03%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 313th-largest of 2,160 plans among Georgia employers on file, and the 1,106th of 4,798 in finance & insurance. In 2024, employees put in $1.07 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$87,881,310
Participants with balances809
Active participants705
Employer contributions$4,474,704
Employee contributions$4,781,079
Employer contribution per active participant$6,347
Average account balance$108,630
Benefits paid to participants$6,616,264
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$87.9M · 809 accts · $4.5M emplr
2023$72.5M · 816 accts · $5.7M emplr
2022$56.2M · 810 accts · $4.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$22,231
Total administrative$23,821
The Georgia's Own Credit Union 401(k) match · 2024
Employer contribution per active participant$6,347
Median for plans this size$3,635
2024$6,347 per active participant
2023$8,189 per active participant
2022$6,620 per active participant

Georgia's Own Credit Union's 2024 employer contribution ran above the $3,635 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$23,820

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$23,821 · 0.03%
2023$45,567 · 0.07%
2022Not separately reported
Same employer
Similar plansFinance & Insurance · Georgia
McLarens, LLC GA$99.1M · 0.13%
Examworks, LLC GA$89.9M · 0.20%
Apco Holdings, LLC GA$64.4M · 0.37%

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Source: U.S. Department of Labor, Form 5500 series, EIN 580147128 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.