Plan Ledger DOL Form 5500 · updated monthly

Neighborhood Credit Union401(k)

NEIGHBORHOOD CREDIT UNION 401(K) PLAN AND TRUST · DALLAS, TX · plan year 2024

Reported admin expense ratio · 2024
0.39%

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

Neighborhood Credit Union reported $88,810 in plan administrative expenses for 2024: 0.39% of average plan assets, above the peer median. Employer contributions averaged $3,099 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 3 years on file its reported administrative ratio has held roughly steady near 0.390%. 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 1,794th-largest of 5,688 plans among Texas employers on file, and 2,761st of 4,798 in finance & insurance. In 2024, employees put in $1.58 for every $1.00 the employer contributed; active participation has grown from 139 to 186 since 2022.

Plan summary
Net assets, end of year$23,994,996
Participants with balances217
Active participants186
Employer contributions$576,430
Employee contributions$911,140
Employer contribution per active participant$3,099
Average account balance$110,576
Benefits paid to participants$1,584,644
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$24.0M · 217 accts · $576K emplr
2023$21.5M · 219 accts · $574K emplr
2022$17.7M · 172 accts · $533K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$68,169
Investment management$20,641
Total administrative$88,810
The Neighborhood Credit Union 401(k) match · 2024
Employer contribution per active participant$3,099
Median for plans this size$2,416
2024$3,099 per active participant
2023$3,187 per active participant
2022$3,837 per active participant

Neighborhood 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 · 20242
CMFG LIFE INSURANCE COMPANY · Recordkeeping · Pension consulting$68,169
MEMBERS CAPITAL ADVISORS, INC. · Claims processing$20,641

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$88,810 · 0.39%
2023$79,888 · 0.41%
2022$75,556 · 0.39%
Same employer
Similar plansFinance & Insurance · Texas
Click N' Close, Inc. TX$24.6M · 0.34%
Jsc Federal Credit Union TX$24.3M · 0.40%
Amplify Credit Union TX$24.2M · 0.24%
Amcap Mortgage, LTD. TX$23.5M · 0.89%
Rave Financial Credit Union TX$23.4M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 750224670 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.