Plan Ledger DOL Form 5500 · updated monthly

Superior Credit Union, Inc.401(k)

SUPERIOR CREDIT UNION, INC. 401(K) PLAN AND TRUST · ELIDA, OH · plan year 2024

Reported admin expense ratio · 2024
0.12%

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

Superior Credit Union, Inc. reported $30,726 in plan administrative expenses for 2024: 0.12% of average plan assets, lower than ~75% of peers. Employer contributions averaged $4,301 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 6 years on file its reported administrative ratio rose from 0.02% to 0.12%. 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 1,015th-largest of 3,295 plans among Ohio employers on file, and 2,477th of 4,798 in finance & insurance. In 2024, employees put in $1.13 for every $1.00 the employer contributed; active participation has grown from 216 to 273 since 2018.

Plan summary
Net assets, end of year$28,663,431
Participants with balances284
Active participants273
Employer contributions$1,174,207
Employee contributions$1,323,764
Employer contribution per active participant$4,301
Average account balance$100,928
Benefits paid to participants$1,368,924
Plan auditUnmodified (clean) audit opinion
Plan history6
Yearassets · accounts · employer contribution
2024$28.7M · 284 accts · $1.2M emplr
2023$24.2M · 254 accts · $997K emplr
2022$21.7M · 226 accts · $932K emplr
2020$23.6M · 227 accts · $932K emplr
2019$19.4M · 230 accts · $798K emplr
2018$15.1M · 203 accts · $676K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$29,727
Investment management$999
Total administrative$30,726
The Superior Credit Union, Inc. 401(k) match · 2024
Employer contribution per active participant$4,301
Median for plans this size$2,416
2024$4,301 per active participant
2023$3,775 per active participant
2022$3,728 per active participant
2020$4,162 per active participant
2019$3,483 per active participant

Superior Credit Union, Inc.'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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$29,727

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

Administrative cost history6
2024$30,726 · 0.12%
2023$22,707 · 0.10%
2022$8,514 · 0.03%
2020$2,633 · 0.01%
2019$2,411 · 0.01%
2018$2,558 · 0.02%
Same employer
Similar plansFinance & Insurance · Ohio
Equity Trust Company OH$29.9M · 0.07%
McGowan & Company, Inc. OH$29.7M · 0.35%
Hummel Group, Inc. OH$29.7M · 0.10%
Sun Federal Credit Union OH$28.7M · 0.30%
Minster Bank OH$27.7M · 0.00%
Heartland Bank OH$27.6M · 0.46%

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Source: U.S. Department of Labor, Form 5500 series, EIN 344455780 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.