Plan Ledger DOL Form 5500 · updated monthly

Mission Federal Credit Union401(k)

MISSION FEDERAL CREDIT UNION EMPLOYEES' 401(K) PLAN · SAN DIEGO, CA · plan year 2024

Reported admin expense ratio · 2024
0.15%

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

Mission Federal Credit Union reported $142,822 in plan administrative expenses for 2024: 0.15% of average plan assets, above the peer median. Employer contributions averaged $6,109 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 0.27% to 0.15%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 997th-largest of 9,483 plans among California employers on file, and the 994th of 4,798 in finance & insurance. In 2024, employees put in $1.14 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$100,717,007
Participants with balances832
Active participants625
Employer contributions$3,817,887
Employee contributions$4,345,164
Employer contribution per active participant$6,109
Average account balance$121,054
Benefits paid to participants$8,875,544
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$100.7M · 832 accts · $3.8M emplr
2023$87.9M · 824 accts · $3.6M emplr
2022$71.1M · 850 accts · $3.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$123,922
Audit (IQPA)$18,900
Total administrative$142,822
The Mission Federal Credit Union 401(k) match · 2024
Employer contribution per active participant$6,109
Median for plans this size$3,635
2024$6,109 per active participant
2023$5,984 per active participant
2022$5,236 per active participant

Mission Federal Credit Union's 2024 employer contribution ran above the $3,635 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
MOSS ADAMS LLP$18,900

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$142,822 · 0.15%
2023$132,595 · 0.17%
2022$206,226 · 0.27%
Same employer
Similar plansFinance & Insurance · California
Marqeta, Inc. CA$103.7M · 0.07%
Hellman & Friedman LLC CA$101.8M · 0.04%
Stepstone Group LP CA$101.0M · 0.02%
Safe Credit Union CA$97.1M · 0.23%
First Foundation Inc. CA$94.3M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 952148515 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.