Plan Ledger DOL Form 5500 · updated monthly

Sun Federal Credit Union401(k)

SUN FEDERAL CREDIT UNION 401(K) PLAN AND TRUST · MAUMEE, OH · plan year 2024

Reported admin expense ratio · 2024
0.30%

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

Sun Federal Credit Union reported $82,614 in plan administrative expenses for 2024: 0.30% of average plan assets, above the peer median. Employer contributions averaged $3,936 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 3 years on file its reported administrative ratio has held roughly steady near 0.30%. 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 1,016th-largest of 3,295 plans among Ohio employers on file, and 2,478th of 4,798 in finance & insurance. In 2024, employees put in $1.58 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$28,656,857
Participants with balances217
Active participants143
Employer contributions$562,851
Employee contributions$890,918
Employer contribution per active participant$3,936
Average account balance$132,059
Benefits paid to participants$2,391,824
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$28.7M · 217 accts · $563K emplr
2023$27.0M · 216 accts · $548K emplr
2022$24.2M · 207 accts · $499K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$55,709
Investment management$26,905
Total administrative$82,614
The Sun Federal Credit Union 401(k) match · 2024
Employer contribution per active participant$3,936
Median for plans this size$2,416
2024$3,936 per active participant
2023$3,829 per active participant
2022$3,670 per active participant

Sun Federal 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
CMFG LIFE INSURANCE COMPANY · Recordkeeping · Pension consulting$55,709
MEMBERS CAPITAL ADVISORS, INC. · Investment advisory (plan)$26,905

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024TruStage (CUNA Mutual)
2023TruStage (CUNA Mutual)

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$82,614 · 0.30%
2023$73,460 · 0.29%
2022$69,194 · 0.28%
Same employer
Similar plansFinance & Insurance · Ohio
McGowan & Company, Inc. OH$29.7M · 0.35%
Hummel Group, Inc. OH$29.7M · 0.10%
Superior Credit Union, Inc. OH$28.7M · 0.12%
Minster Bank OH$27.7M · 0.00%
Heartland Bank OH$27.6M · 0.46%
Westfield Bank, Fsb OH$26.0M · 0.24%

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Source: U.S. Department of Labor, Form 5500 series, EIN 341300434 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.