Plan Ledger DOL Form 5500 · updated monthly

Listerhill Credit Union401(k)

LISTERHILL CREDIT UNION 401(K) PLAN · MUSCLE SHOALS, AL · plan year 2024

Reported admin expense ratio · 2024
0.20%

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

Listerhill Credit Union reported $29,952 in plan administrative expenses for 2024: 0.20% of average plan assets, below the peer median. Employer contributions averaged $2,219 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 0.09% to 0.20%. 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 344th-largest of 902 plans among Alabama employers on file, and 3,376th of 4,798 in finance & insurance. In 2024, employees put in $1.95 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$16,292,751
Participants with balances247
Active participants290
Employer contributions$643,644
Employee contributions$1,253,859
Employer contribution per active participant$2,219
Average account balance$65,963
Benefits paid to participants$1,354,594
Plan auditUnmodified (clean) audit opinion
AuditorBMSS, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$16.3M · 247 accts · $644K emplr
2023$14.0M · 242 accts · $640K emplr
2022$11.4M · 233 accts · $389K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$29,952
Total administrative$29,952
The Listerhill Credit Union 401(k) match · 2024
Employer contribution per active participant$2,219
Median for plans this size$2,416
2024$2,219 per active participant
2023$2,254 per active participant
2022$1,461 per active participant

Listerhill 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
FID INV INST OPS CO · Recordkeeping$29,952

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Fidelity
2023Fidelity

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$29,952 · 0.20%
2023$26,390 · 0.21%
2022$10,743 · 0.09%
Same employer
Similar plansFinance & Insurance · Alabama
Oakworth Capital Bank AL$20.9M · 0.24%
Alabama One Credit Union AL$16.8M · 0.50%
Progress Bank AL$14.2M · 0.33%
Citizens Bank and Trust AL$13.3M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 630333902 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.