Plan Ledger DOL Form 5500 · updated monthly

Interra Credit Union401(k)

INTERRA CREDIT UNION 401(K) PLAN AND TRUST · GOSHEN, IN · plan year 2024

Reported admin expense ratio · 2024
0.32%

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

Interra Credit Union reported $112,811 in plan administrative expenses for 2024: 0.32% of average plan assets, above the peer median. Employer contributions averaged $3,566 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 rose from 0.30% to 0.32%. 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 352nd-largest of 1,562 plans among Indiana employers on file, and the 2,030th of 4,798 in finance & insurance. In 2024, employees put in $1.55 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$38,248,304
Participants with balances203
Active participants291
Employer contributions$1,037,584
Employee contributions$1,611,578
Employer contribution per active participant$3,566
Average account balance$188,415
Benefits paid to participants$763,088
Plan auditUnmodified (clean) audit opinion
AuditorFORVIS MARZARS, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$38.2M · 203 accts · $1.0M emplr
2023$31.4M · 461 accts · $1.2M emplr
2022$25.9M · 428 accts · $1.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$79,606
Investment management$33,205
Total administrative$112,811
The Interra Credit Union 401(k) match · 2024
Employer contribution per active participant$3,566
Median for plans this size$2,416
2024$3,566 per active participant
2023$4,006 per active participant
2022$6,011 per active participant

Interra 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 · 20242
CMFG LIFE INSURANCE COMPANY · Recordkeeping · Pension consulting$71,418
MEMBERS CAPITAL ADVISORS, INC · Investment advisory (plan)$33,205

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$112,811 · 0.32%
2023$94,434 · 0.33%
2022$82,796 · 0.30%
Same employer
Similar plansFinance & Insurance · Indiana
Mj Insurance Inc. IN$41.9M · 0.05%
Old National Bank IN$40.2M · 0.87%
Peoples Bank IN$34.8M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 351082578 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.