Plan Ledger DOL Form 5500 · updated monthly

Our Community Credit Union401(k)

OUR COMMUNITY CREDIT UNION 401(K) PLAN · SHELTON, WA · plan year 2024

Reported admin expense ratio · 2024
0.52%

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

Our Community Credit Union reported $40,274 in plan administrative expenses for 2024: 0.52% of average plan assets, below the peer median. Employer contributions averaged $5,463 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Washington (1,226th of 1,714), and 4,255th of 4,798 in finance & insurance. In 2024, the employer put in $2.38 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$7,173,148
Participants with balances119
Active participants87
Employer contributions$475,255
Employee contributions$200,023
Employer contribution per active participant$5,463
Average account balance$60,279
Benefits paid to participants$2,828,441
Plan auditUnmodified (clean) audit opinion
AuditorOPSAHL DAWSON & CO., LLP
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$40,274
Total administrative$40,274
The Our Community Credit Union 401(k) match · 2024
Employer contribution per active participant$5,463
Median for plans this size$1,313

Our Community Credit Union's 2024 employer contribution ran above the $1,313 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 · 20242
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment managementindirect comp
WILSHIRE ASSOICATES INC. · Investment advisory (participants)$4,035

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

Administrative cost history1
2024$40,274 · 0.52%
Similar plansFinance & Insurance · Washington
Bittrex Inc. WA$7.9M · 0.03%
Savibank WA$7.2M · 0.50%
Community Bank WA$6.0M · 0.56%

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Source: U.S. Department of Labor, Form 5500 series, EIN 910567189 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.