Plan Ledger DOL Form 5500 · updated monthly

Partners 1ST Federal Credit Union401(k)

PARTNERS 1ST FEDERAL CREDIT UNION 401K RETIREMENT SAVINGS PLAN · FORT WAYNE, IN · plan year 2024

Reported admin expense ratio · 2024
0.52%

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

Partners 1ST Federal Credit Union reported $91,302 in plan administrative expenses for 2024: 0.52% of average plan assets, higher than ~75% of peers. Employer contributions averaged $4,102 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 0.36% to 0.52%. 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 587th-largest of 1,562 plans among Indiana employers on file, and 3,162nd of 4,798 in finance & insurance. In 2024, the employer put in $1.00 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$18,849,785
Participants with balances227
Active participants171
Employer contributions$701,423
Employee contributions$700,252
Employer contribution per active participant$4,102
Average account balance$83,039
Benefits paid to participants$1,126,977
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$18.8M · 227 accts · $701K emplr
2023$16.6M · 219 accts · $980K emplr
2022$14.9M · 197 accts · $856K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$91,302
Total administrative$91,302
The Partners 1ST Federal Credit Union 401(k) match · 2024
Employer contribution per active participant$4,102
Median for plans this size$2,416
2024$4,102 per active participant
2023$5,599 per active participant
2022$5,420 per active participant

Partners 1ST 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 · 20242
LINCOLN NATIONAL CORPORATION · Contract administrator$91,302
SYM FINANCIAL ADVISORS · Investment advisory (participants)$53,497

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$91,302 · 0.52%
2023$47,095 · 0.30%
2022$58,147 · 0.36%
Same employer
Similar plansFinance & Insurance · Indiana
Sanctuary Wealth Group, LLC IN$19.9M · 0.03%
The Farmers Bank IN$19.6M · 0.04%
Royal United Mortgage, LLC IN$18.6M · 0.69%
Farmers State Bank IN$17.7M · 0.39%
Hallmark Home Mortgage IN$16.7M · 0.65%
Crane Federal Credit Union IN$16.6M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 351079936 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.