Plan Ledger DOL Form 5500 · updated monthly

Radifi Federal Credit Union401(k)

JAX FEDERAL CREDIT UNION 401(K) & PROFIT SHARING PLAN · JACKSONVILLE, FL · plan year 2022

Reported admin expense ratio · 2022
0.21%

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

Radifi Federal Credit Union reported $24,052 in plan administrative expenses for 2022: 0.21% of average plan assets, below the peer median. Employer contributions averaged $3,239 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 0.21% to 0.29%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other finance & insurance employers. By assets it is the 1,752nd-largest of 3,644 plans among Florida employers on file, and 3,959th of 4,798 in finance & insurance. In 2022, employees put in $1.54 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,257,727
Participants with balances142
Active participants113
Employer contributions$365,970
Employee contributions$562,041
Employer contribution per active participant$3,239
Average account balance$72,238
Benefits paid to participants$1,183,072
Plan auditUnmodified (clean) audit opinion
AuditorEWART & ASSOCIATES LLC
Plan history3
Yearassets · accounts · employer contribution
2024$6.5M · 149 accts · $378K emplr
2023$7.9M · 137 accts · $364K emplr
2022$10.3M · 142 accts · $366K emplr
Administrative expenses, itemized · 2022
Investment management$6,529
Professional / advisory$2,600
Total administrative$24,052
The Radifi Federal Credit Union 401(k) match · 2022
Employer contribution per active participant$3,239
Median for plans this size$2,266
2024$3,287 per active participant
2023$3,463 per active participant
2022$3,239 per active participant

Radifi Federal Credit Union's 2022 employer contribution ran above the $2,266 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Recordkeeper by year2
2024Transamerica
2023Transamerica

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Administrative cost history3
2024$20,597 · 0.29%
2023$25,854 · 0.28%
2022$24,052 · 0.21%
Same employer
Similar plansFinance & Insurance · Florida
First Bank of Clewiston FL$11.2M · 0.28%
Agamerica Lending LLC FL$10.7M · 0.19%
Floridacentral Credit Union FL$10.6M · 0.41%
Venuplus Inc. FL$10.6M · 0.52%
Archwell Essentials FL$10.2M · 0.13%
Intermex Wire Transfer, LLC FL$10.1M · 0.32%
Professional Bank FL$10.0M · 0.55%

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Source: U.S. Department of Labor, Form 5500 series, EIN 590650052 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.