Plan Ledger DOL Form 5500 · updated monthly

Reliant Community Federal Credit Union401(k)

RELIANT COMMUNITY FEDERAL CREDIT UNION 401(K) PLAN · SODUS, NY · plan year 2024

Reported admin expense ratio · 2024
0.15%

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

Reliant Community Federal Credit Union reported $48,193 in plan administrative expenses for 2024: 0.15% of average plan assets, below the peer median. Employer contributions averaged $7,018 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 0.14% to 0.15%. 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 1,760th-largest of 5,648 plans among New York employers on file, and the 2,179th of 4,798 in finance & insurance. In 2024, the employer put in $1.04 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$34,847,569
Participants with balances218
Active participants180
Employer contributions$1,263,250
Employee contributions$1,210,265
Employer contribution per active participant$7,018
Average account balance$159,851
Benefits paid to participants$3,728,405
Plan auditUnmodified (clean) audit opinion
AuditorMENGEL, METZGER, BARR & CO., LLP
Plan history3
Yearassets · accounts · employer contribution
2024$34.8M · 218 accts · $1.3M emplr
2023$31.0M · 213 accts · $1.0M emplr
2022$26.9M · 207 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$48,193
Total administrative$48,193
The Reliant Community Federal Credit Union 401(k) match · 2024
Employer contribution per active participant$7,018
Median for plans this size$2,416
2024$7,018 per active participant
2023$5,955 per active participant
2022$6,611 per active participant

Reliant Community Federal 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
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$48,193

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$48,193 · 0.15%
2023$42,367 · 0.15%
2022$39,374 · 0.14%
Same employer
Similar plansFinance & Insurance · New York
Americu Credit Union NY$36.9M · 0.13%
China Merchants Bank NY$36.0M · 0.02%
Granite Associates, L.P. NY$34.7M · 0.02%
Cfcu Community Credit Union NY$34.6M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 237107645 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.