Plan Ledger DOL Form 5500 · updated monthly

Ria Federal Credit Union401(k)

RIA FEDERAL CREDIT UNION 401(K) RETIREMENT SAVINGS PLAN · BETTENDORF, IA · plan year 2024

Reported admin expense ratio · 2024
0.45%

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

Ria Federal Credit Union reported $43,072 in plan administrative expenses for 2024: 0.45% of average plan assets, below the peer median. Employer contributions averaged $1,429 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 0.05% to 0.45%. 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 Iowa (584th of 878), and 4,000th of 4,798 in finance & insurance. In 2024, employees put in $3.10 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,865,207
Participants with balances146
Active participants130
Employer contributions$185,758
Employee contributions$575,558
Employer contribution per active participant$1,429
Average account balance$67,570
Benefits paid to participants$1,043,032
Plan auditUnmodified (clean) audit opinion
AuditorCARPENTIER, MITCHELL, GODDARD & CO.
Plan history3
Yearassets · accounts · employer contribution
2024$9.9M · 146 accts · $186K emplr
2023$9.2M · 155 accts · $189K emplr
2022$8.1M · 151 accts · $172K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$43,072
Total administrative$43,072
The Ria Federal Credit Union 401(k) match · 2024
Employer contribution per active participant$1,429
Median for plans this size$1,313
2024$1,429 per active participant
2023$1,418 per active participant
2022$1,334 per active participant

Ria Federal Credit Union's 2024 employer contribution ran above the $1,313 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 · 20245
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$43,072
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)indirect comp
WELLTH ADVISORY SERVICES, LLC · Investment advisory (plan)indirect comp
LPL FINANCIAL LLC · Other servicesindirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)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$43,072 · 0.45%
2023$16,896 · 0.19%
2022$4,290 · 0.05%
Similar plansFinance & Insurance · Iowa
Pilot Grove Savings Bank IA$11.6M · 0.34%
Auxiant IA$10.5M · 0.36%
Greater Iowa Credit Union IA$10.4M · 0.43%
Nwbt, Inc. IA$10.3M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 420495795 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.