Plan Ledger DOL Form 5500 · updated monthly

Hoosier Hills Credit Union401(k)

HOOSIER HILLS CREDIT UNION RETIREMENT PLAN · BEDFORD, IN · plan year 2024

Reported admin expense ratio · 2024
0.31%

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

Hoosier Hills Credit Union reported $46,664 in plan administrative expenses for 2024: 0.31% of average plan assets, above the peer median. Employer contributions averaged $5,986 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 0.40% to 0.31%. 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 712th-largest of 1,562 plans among Indiana employers on file, and 3,472nd of 4,798 in finance & insurance. In 2024, the employer put in $1.48 for every $1.00 employees contributed themselves; active participation has shrunk from 197 to 174 since 2022.

Plan summary
Net assets, end of year$15,354,106
Participants with balances240
Active participants174
Employer contributions$1,041,596
Employee contributions$703,253
Employer contribution per active participant$5,986
Average account balance$63,975
Benefits paid to participants$2,753,603
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$15.4M · 240 accts · $1.0M emplr
2023$14.8M · 282 accts · $1.0M emplr
2022$12.8M · 270 accts · $962K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$46,664
Total administrative$46,664
The Hoosier Hills Credit Union 401(k) match · 2024
Employer contribution per active participant$5,986
Median for plans this size$2,416
2024$5,986 per active participant
2023$5,245 per active participant
2022$4,881 per active participant

Hoosier Hills 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.

Administrative cost history3
2024$46,664 · 0.31%
2023$42,291 · 0.31%
2022$53,370 · 0.40%
Same employer
Similar plansFinance & Insurance · Indiana
Inova Federal Credit Union IN$15.8M · 0.01%
The Hometown Savings Bank IN$14.5M · 0.11%
Jackson County Bank IN$13.4M · 0.24%
Seven Corners, Inc. IN$13.3M · 0.20%
Meridian Title Company, LLC IN$13.0M · 0.85%

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Source: U.S. Department of Labor, Form 5500 series, EIN 351083471 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.