Plan Ledger DOL Form 5500 · updated monthly

Knoxville Tva Employees Credit Union401(k)

KNOXVILLE TVA EMPLOYEES CREDIT UNION EMPLOYEE SAVINGS PLAN · KNOXVILLE, TN · plan year 2024

Reported admin expense ratio · 2024
0.24%

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

Knoxville Tva Employees Credit Union reported $89,488 in plan administrative expenses for 2024: 0.24% of average plan assets, below the peer median. Employer contributions averaged $2,006 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 0.26% to 0.24%. 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 322nd-largest of 1,496 plans among Tennessee employers on file, and the 1,925th of 4,798 in finance & insurance. In 2024, employees put in $2.40 for every $1.00 the employer contributed; active participation has grown from 503 to 591 since 2022.

Plan summary
Net assets, end of year$41,005,467
Participants with balances630
Active participants591
Employer contributions$1,185,548
Employee contributions$2,839,994
Employer contribution per active participant$2,006
Average account balance$65,088
Benefits paid to participants$1,771,355
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$41.0M · 630 accts · $1.2M emplr
2023$34.3M · 613 accts · $1.0M emplr
2022$28.6M · 560 accts · $739K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$89,488
Total administrative$89,488
The Knoxville Tva Employees Credit Union 401(k) match · 2024
Employer contribution per active participant$2,006
Median for plans this size$2,416
2024$2,006 per active participant
2023$1,828 per active participant
2022$1,469 per active participant

Knoxville Tva Employees Credit Union's 2024 employer contribution ran below 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 · 20241
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$89,488

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$89,488 · 0.24%
2023$84,400 · 0.27%
2022$76,926 · 0.26%
Same employer
Similar plansFinance & Insurance · Tennessee
Y-12 Federal Credit Union TN$40.2M · 0.03%
Ornl Federal Credit Union TN$37.8M · 0.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 620263105 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.