Plan Ledger DOL Form 5500 · updated monthly

Insight Credit Union401(k)

INSIGHT CREDIT UNION EMPLOYEES SAVINGS PLAN · WINTER SPRINGS, FL · plan year 2024

Reported admin expense ratio · 2024
0.79%

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

Insight Credit Union reported $69,401 in plan administrative expenses for 2024: 0.79% of average plan assets, above the peer median. Employer contributions averaged $2,891 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 has held roughly steady near 0.79%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Florida (1,884th of 3,644), and 4,073rd of 4,798 in finance & insurance. In 2024, employees put in $1.37 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,109,615
Participants with balances149
Active participants121
Employer contributions$349,788
Employee contributions$477,520
Employer contribution per active participant$2,891
Average account balance$61,138
Benefits paid to participants$1,117,130
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.1M · 149 accts · $350K emplr
2023$8.5M · 162 accts · $328K emplr
2022$6.9M · 151 accts · $278K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,169
Investment management$66,232
Total administrative$69,401
The Insight Credit Union 401(k) match · 2024
Employer contribution per active participant$2,891
Median for plans this size$1,313
2024$2,891 per active participant
2023$2,544 per active participant
2022$2,397 per active participant

Insight Credit Union's 2024 employer contribution ran above the $1,313 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 · 20243
EMPOWER ADVISORY GROUP, LLC · Investment management$35,215
RAYMOND JAMES & ASSOCIATES, INC. · Investment advisory (plan)$31,017

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$69,401 · 0.79%
2023$57,745 · 0.75%
2022$55,800 · 0.75%
Same employer
Similar plansFinance & Insurance · Florida
Cabrillo Holdings, LLC FL$9.4M · 0.44%
Brightway Insurance, LLC FL$9.3M · 0.43%
Crowne Consulting Group FL$9.3M · 1.13%
Bmi Financial Group, Inc. FL$9.2M · 0.12%
Globalvcard LLC FL$8.7M · 0.56%
Sunz Holdings, LLC FL$8.7M · 0.03%
Axiom Bank FL$8.6M · 0.56%

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Source: U.S. Department of Labor, Form 5500 series, EIN 590626648 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.