Plan Ledger DOL Form 5500 · updated monthly

Mazuma Credit Union401(k)

MAZUMA CREDIT UNION 401(K) SUCCESS SHARING PLAN · OVERLAND PARK, KS · plan year 2024

Reported admin expense ratio · 2024
0.41%

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

Mazuma Credit Union reported $87,885 in plan administrative expenses for 2024: 0.41% of average plan assets, above the peer median. Employer contributions averaged $2,383 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 0.46% to 0.41%. 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 278th-largest of 828 plans among Kansas employers on file, and 2,869th of 4,798 in finance & insurance. In 2024, employees put in $1.86 for every $1.00 the employer contributed; active participation has grown from 235 to 272 since 2022.

Plan summary
Net assets, end of year$22,549,578
Participants with balances308
Active participants272
Employer contributions$648,063
Employee contributions$1,207,713
Employer contribution per active participant$2,383
Average account balance$73,213
Benefits paid to participants$1,558,975
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$22.5M · 308 accts · $648K emplr
2023$19.9M · 317 accts · $647K emplr
2022$16.2M · 297 accts · $557K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$30,070
Investment management$57,815
Total administrative$87,885
The Mazuma Credit Union 401(k) match · 2024
Employer contribution per active participant$2,383
Median for plans this size$2,416
2024$2,383 per active participant
2023$2,619 per active participant
2022$2,371 per active participant

Mazuma 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 · 20242
TWO WEST CAPITAL ADVISOR LLC · Investment advisory (plan)$57,815
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$30,085

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$87,885 · 0.41%
2023$81,628 · 0.45%
2022$85,012 · 0.46%
Same employer
Similar plansFinance & Insurance · Kansas
Credit Union of America KS$27.9M · 0.30%
Security Bancshares Inc KS$24.6M · 0.00%
Landmark Bancorp, Inc. KS$22.7M · 0.29%
Qc Financial Services, Inc. KS$17.9M · 0.58%
Whitcorp Financial Company KS$17.9M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 440544335 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.