Plan Ledger DOL Form 5500 · updated monthly

Seven Seventeen Credit Union401(k)

SEVEN SEVENTEEN CREDIT UNION INC 401K SAVINGS PLAN SALARIED EES · WARREN, OH · plan year 2024

Reported admin expense ratio · 2024
0.15%

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

Seven Seventeen Credit Union reported $55,771 in plan administrative expenses for 2024: 0.15% of average plan assets, below the peer median. Employer contributions averaged $15,132 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 0.06% 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 771st-largest of 3,295 plans among Ohio employers on file, and the 1,976th of 4,798 in finance & insurance. In 2024, the employer put in $1.70 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$39,727,601
Participants with balances152
Active participants139
Employer contributions$2,103,317
Employee contributions$1,239,227
Employer contribution per active participant$15,132
Average account balance$261,366
Benefits paid to participants$5,812,918
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$39.7M · 152 accts · $2.1M emplr
2023$36.3M · 169 accts · $2.0M emplr
2022$28.4M · 162 accts · $1.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$32,929
Investment management$16,955
Total administrative$55,771
The Seven Seventeen Credit Union 401(k) match · 2024
Employer contribution per active participant$15,132
Median for plans this size$2,416
2024$15,132 per active participant
2023$14,642 per active participant
2022$13,410 per active participant

Seven Seventeen 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
NEARMAN MAYNARD VALLEZ CPAS P A$15,814
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$12,441
CBIZ BENEFITS & INSURANCES SERVICES · Other services$5,888

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$55,771 · 0.15%
2023$22,526 · 0.07%
2022$17,780 · 0.06%
All plans at this employer2
SEVEN SEVENTEEN CREDIT UNION, INC 401(K) SAVINGS PLAN FOR UNION EMPLOYEES401(k)
SEVEN SEVENTEEN CREDIT UNION INC 401K SAVINGS PLAN SALARIED EES401(k)
Similar plansFinance & Insurance · Ohio
First Mutual Holding Co. OH$46.2M · 0.23%
Union Savings Bank OH$44.5M · 0.22%
Sb Financial Group OH$37.8M · 0.26%
Greenville National Bank OH$37.0M · 0.20%
Rockbridge Capital, LLC OH$35.8M · 0.45%
Clearstead Advisors, LLC OH$35.5M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 340825325 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.