Plan Ledger DOL Form 5500 · updated monthly

Mainstreet Federal Credit Union401(k)

MAINSTREET FEDERAL CREDIT UNION CAPITAL ACCUMULATION PLAN · LENEXA, KS · plan year 2024

Reported admin expense ratio · 2024
0.73%

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

Mainstreet Federal Credit Union reported $53,868 in plan administrative expenses for 2024: 0.73% of average plan assets, above the peer median. Employer contributions averaged $2,260 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 0.63% to 0.73%. 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 Kansas (553rd of 828), and 4,164th of 4,798 in finance & insurance. In 2024, employees put in $1.93 for every $1.00 the employer contributed; active participation has grown from 118 to 145 since 2022.

Plan summary
Net assets, end of year$8,113,855
Participants with balances173
Active participants145
Employer contributions$327,672
Employee contributions$631,624
Employer contribution per active participant$2,260
Average account balance$46,901
Benefits paid to participants$252,518
Plan auditUnmodified (clean) audit opinion
AuditorJ. TENBRINK AND ASSOCIATES
Plan history3
Yearassets · accounts · employer contribution
2024$8.1M · 173 accts · $328K emplr
2023$6.6M · 154 accts · $265K emplr
2022$6.3M · 143 accts · $267K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$52,829
Total administrative$53,868
The Mainstreet Federal Credit Union 401(k) match · 2024
Employer contribution per active participant$2,260
Median for plans this size$1,313
2024$2,260 per active participant
2023$1,907 per active participant
2022$2,262 per active participant

Mainstreet Federal Credit Union's 2024 employer contribution ran above the $1,313 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
CMFG LIFE INSURANCE COMPANY · Recordkeeping · Pension consulting$52,829

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$53,868 · 0.73%
2023$45,435 · 0.70%
2022$46,019 · 0.63%
Same employer
Similar plansFinance & Insurance · Kansas
Basys Processing, Inc. KS$10.6M · 0.60%
Cobalt Ventures, LLC KS$10.4M · 0.76%
First Federal Bank KS$10.0M · 0.32%
Nations Holding Company KS$8.2M · 0.76%
The Bennington State Bank KS$6.7M · 0.11%
Companion Protect LLC KS$4.0M · 0.53%

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Source: U.S. Department of Labor, Form 5500 series, EIN 480672349 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.