Plan Ledger DOL Form 5500 · updated monthly

Superior Choice Credit Union401(k)

SUPERIOR CHOICE CREDIT UNION 401(K) PLAN & TRUST · SUPERIOR, WI · plan year 2023

Reported admin expense ratio · 2023
0.59%

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

Superior Choice Credit Union reported $18,499 in plan administrative expenses for 2023: 0.59% of average plan assets, above the peer median. Employer contributions averaged $1,647 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 1 year on file its reported administrative ratio rose from 0.54% to 0.59%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Wisconsin (1,723rd of 1,936), and 4,542nd of 4,798 in finance & insurance. In 2023, employees put in $2.24 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,728,841
Participants with balances219
Active participants156
Employer contributions$256,899
Employee contributions$576,365
Employer contribution per active participant$1,647
Average account balance$17,027
Benefits paid to participants$325,367
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $166K emplr
2023$3.7M · 219 accts · $257K emplr
2022$2.6M · 182 accts · $132K emplr
Administrative expenses, itemized · 2023
Investment management$18,499
Total administrative$18,499
The Superior Choice Credit Union 401(k) match · 2023
Employer contribution per active participant$1,647
Median for plans this size$1,308
2023$1,647 per active participant
2022$845 per active participant

Superior Choice Credit Union's 2023 employer contribution ran above the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
CMFG LIFE INSURANCE COMPANY · Recordkeeping · Pension consulting$18,499

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
2024Not separately reported
2023$18,499 · 0.59%
2022$14,710 · 0.54%
Similar plansFinance & Insurance · Wisconsin
Guardian Credit Union WI$6.8M · 0.31%
Citizens State Bank WI$4.5M · 0.36%
Jfq Lending, LLC AZ$3.8M · 1.93%
Fred C. Church,Inc. MA$3.7M · 0.46%

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Source: U.S. Department of Labor, Form 5500 series, EIN 390906277 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.