Plan Ledger DOL Form 5500 · updated monthly

Santa Clara County Federal Credit Union401(k)

SANTA CLARA COUNTY FEDERAL CREDIT UNION 401(K) PLAN · SAN JOSE, CA · plan year 2024

Reported admin expense ratio · 2024
0.23%

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

Santa Clara County Federal Credit Union reported $60,120 in plan administrative expenses for 2024: 0.23% of average plan assets, below the peer median. Employer contributions averaged $5,240 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 fell from 0.38% to 0.23%. 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 2,796th-largest of 9,483 plans among California employers on file, and 2,499th of 4,798 in finance & insurance. In 2024, employees put in $1.88 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$28,387,529
Participants with balances167
Active participants129
Employer contributions$675,903
Employee contributions$1,272,121
Employer contribution per active participant$5,240
Average account balance$169,985
Benefits paid to participants$1,430,968
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$28.4M · 167 accts · $676K emplr
2023$24.7M · 192 accts · $626K emplr
2022$20.9M · 182 accts · $526K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$14,851
Investment management$45,269
Total administrative$60,120
The Santa Clara County Federal Credit Union 401(k) match · 2024
Employer contribution per active participant$5,240
Median for plans this size$2,416
2024$5,240 per active participant
2023$4,673 per active participant
2022$3,865 per active participant

Santa Clara County 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 · 20243
NWK GROUP INC · Investment advisory (plan)$41,083
EMPOWER ADVISORY GROUP, LLC · Investment management$4,187

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$60,120 · 0.23%
2023$59,239 · 0.26%
2022$85,598 · 0.38%
Same employer
Similar plansFinance & Insurance · California
Blupeak Credit Union CA$29.0M · 0.22%
Frontwave Credit Union CA$28.4M · 0.08%
Alameda Alliance for Health CA$28.0M · 0.13%
Adelfi Credit Union CA$28.0M · 0.11%
American Assets Trust, LP CA$27.2M · 0.40%

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Source: U.S. Department of Labor, Form 5500 series, EIN 941509091 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.