Plan Ledger DOL Form 5500 · updated monthly

Silver State Schools Credit Union401(k)

SILVER STATE SCHOOLS CREDIT UNION 401(K) PLAN · LAS VEGAS, NV · plan year 2024

Reported admin expense ratio · 2024
0.52%

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

Silver State Schools Credit Union reported $63,509 in plan administrative expenses for 2024: 0.52% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,037 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 0.46% to 0.52%. 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 171st-largest of 437 plans among Nevada employers on file, and 3,696th of 4,798 in finance & insurance. In 2024, employees put in $1.27 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$12,923,676
Participants with balances225
Active participants204
Employer contributions$619,646
Employee contributions$787,877
Employer contribution per active participant$3,037
Average account balance$57,439
Benefits paid to participants$1,812,124
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$12.9M · 225 accts · $620K emplr
2023$11.6M · 246 accts · $569K emplr
2022$9.7M · 220 accts · $530K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$63,509
Total administrative$63,509
The Silver State Schools Credit Union 401(k) match · 2024
Employer contribution per active participant$3,037
Median for plans this size$2,416
2024$3,037 per active participant
2023$2,903 per active participant
2022$2,788 per active participant

Silver State Schools 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$63,509
GLOBAL RETIREMENT PARTNERS LLC · 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$63,509 · 0.52%
2023$55,000 · 0.52%
2022$48,331 · 0.46%
Same employer
Similar plansFinance & Insurance · Nevada
Meadows Bank NV$22.7M · 0.24%
Gbank NV$22.5M · 0.39%
Greater Nevada Credit Union NV$19.4M · 0.08%
Clark County Credit Union NV$18.6M · 0.37%
Pavilion Payments NV$12.0M · 0.55%
All Western Mortgage NV$9.1M · 0.82%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 880062898 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.