Plan Ledger DOL Form 5500 · updated monthly

One Nevada Credit Union401(k)

ONE NEVADA CREDIT UNION 401(K) PLAN · LAS VEGAS, NV · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

One Nevada Credit Union reported $6,455 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $5,231 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 0.017% to 0.019%. 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 79th-largest of 437 plans among Nevada employers on file, and the 2,156th of 4,798 in finance & insurance. In 2024, employees put in $1.48 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$35,433,024
Participants with balances262
Active participants179
Employer contributions$936,387
Employee contributions$1,382,936
Employer contribution per active participant$5,231
Average account balance$135,241
Benefits paid to participants$3,961,576
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$35.4M · 262 accts · $936K emplr
2023$33.2M · 270 accts · $914K emplr
2022$29.4M · 267 accts · $947K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$6,455
Total administrative$6,455
The One Nevada Credit Union 401(k) match · 2024
Employer contribution per active participant$5,231
Median for plans this size$2,416
2024$5,231 per active participant
2023$5,166 per active participant
2022$5,090 per active participant

One Nevada Credit Union's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. 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
NEWPORT GROUP, INC. · Recordkeeping · Loan processing$6,455

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$6,455 · 0.02%
2023$6,100 · 0.02%
2022$5,545 · 0.02%
Same employer
Similar plansFinance & Insurance · Nevada
Axos Financial, Inc. NV$127.3M · 0.22%
L/P Insurance Services LLC NV$33.6M · 0.26%
Clearcapital.com, Inc. NV$33.2M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 880063564 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.