Plan Ledger DOL Form 5500 · updated monthly

Metro Cu Federal Credit Union401(k)

METRO CREDIT UNION 401(K) SAFE HARBOR PLAN · OMAHA, NE · plan year 2024

Reported admin expense ratio · 2024
0.35%

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

Metro Cu Federal Credit Union reported $45,515 in plan administrative expenses for 2024: 0.35% of average plan assets, above the peer median. Employer contributions averaged $2,937 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 0.73% to 0.35%. 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 among the smaller plans on file in Nebraska (321st of 565), and 3,612th of 4,798 in finance & insurance. In 2024, employees put in $1.47 for every $1.00 the employer contributed; active participation has shrunk from 112 to 98 since 2022.

Plan summary
Net assets, end of year$13,895,386
Participants with balances118
Active participants98
Employer contributions$287,783
Employee contributions$421,744
Employer contribution per active participant$2,937
Average account balance$117,758
Benefits paid to participants$342,853
Plan auditUnmodified (clean) audit opinion
AuditorLUTZ AND COMPANY, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$13.9M · 118 accts · $288K emplr
2023$11.9M · 119 accts · $288K emplr
2022$10.0M · 132 accts · $287K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$45,515
Total administrative$45,515
The Metro Cu Federal Credit Union 401(k) match · 2024
Employer contribution per active participant$2,937
Median for plans this size$2,416
2024$2,937 per active participant
2023$2,741 per active participant
2022$2,565 per active participant

Metro Cu Federal Credit Union's 2024 employer contribution ran above 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 · 20244
CONVERGENCE WEALTH LLC · Investment advisory (plan)$14,011
GLOBAL RETIREMENTS PARTNERS LLC · Investment advisory (plan)$14,011
BENEFIT PLANS INC · Contract administrator$2,100

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$45,515 · 0.35%
2023$40,626 · 0.37%
2022$77,230 · 0.73%
Same employer
Similar plansFinance & Insurance · Nebraska
Core Bank NE$15.9M · 0.36%
Charter West Bank NE$15.7M · 0.04%
Hansen-Mueller Co. NE$15.6M · 0.18%
Access Bank NE$14.0M · 0.22%
Omaha National Group, Inc. NE$11.3M · 0.07%
Arbor Bank NE$8.8M · 0.56%
Inspro, Inc NE$8.4M · 1.38%

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Source: U.S. Department of Labor, Form 5500 series, EIN 476026142 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.