Plan Ledger DOL Form 5500 · updated monthly

Polish & Slavic Federal Credit Union401(k)

POLISH & SLAVIC FEDERAL CREDIT UNION 401(K) PLAN · FAIRFIELD, NJ · plan year 2024

Reported admin expense ratio · 2024
0.48%

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

Polish & Slavic Federal Credit Union reported $120,888 in plan administrative expenses for 2024: 0.48% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,532 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 0.48%. 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 898th-largest of 2,419 plans among New Jersey employers on file, and 2,611th of 4,798 in finance & insurance. In 2024, employees put in $1.54 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$26,459,456
Participants with balances420
Active participants367
Employer contributions$929,235
Employee contributions$1,435,375
Employer contribution per active participant$2,532
Average account balance$62,999
Benefits paid to participants$1,541,773
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$26.5M · 420 accts · $929K emplr
2023$23.5M · 408 accts · $879K emplr
2022$20.4M · 400 accts · $812K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$120,888
Total administrative$120,888
The Polish & Slavic Federal Credit Union 401(k) match · 2024
Employer contribution per active participant$2,532
Median for plans this size$2,416
2024$2,532 per active participant
2023$2,556 per active participant
2022$2,354 per active participant

Polish & Slavic 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$120,888
MORGAN STANLEY GLOBAL BANKING OPERA · Investment advisory (plan)indirect comp

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$120,888 · 0.48%
2023$111,543 · 0.51%
2022$104,305 · 0.49%
Same employer
Similar plansFinance & Insurance · New Jersey
Jimcor Agency, Inc NJ$33.3M · 0.38%
First Bank NJ$27.8M · 0.17%
Haven Savings Bank NJ$25.1M · 0.02%
Unity Bank NJ$25.0M · 0.23%
Readycap Commercial, LLC NJ$23.8M · 0.42%

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Source: U.S. Department of Labor, Form 5500 series, EIN 112433592 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.