Plan Ledger DOL Form 5500 · updated monthly

Teachers Federal Credit Union401(k)

TEACHERS FEDERAL CREDIT UNION CASH OR DEFERRED COMPENSATION PLAN · HAUPPAUGE, NY · plan year 2024

Reported admin expense ratio · 2024
0.23%

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

Teachers Federal Credit Union reported $159,749 in plan administrative expenses for 2024: 0.23% of average plan assets, above the peer median. Employer contributions averaged $1,489 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 fell from 0.52% to 0.23%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 1,031st-largest of 5,648 plans among New York employers on file, and the 1,260th of 4,798 in finance & insurance. In 2024, employees put in $3.42 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$73,197,804
Participants with balances1,090
Active participants874
Employer contributions$1,301,212
Employee contributions$4,455,486
Employer contribution per active participant$1,489
Average account balance$67,154
Benefits paid to participants$8,905,399
Plan auditUnmodified (clean) audit opinion
AuditorWOLF & COMPANY, P. C.
Plan history3
Yearassets · accounts · employer contribution
2024$73.2M · 1,090 accts · $1.3M emplr
2023$66.4M · 1,061 accts · $1.2M emplr
2022$55.2M · 1,053 accts · $1.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$159,749
Total administrative$159,749
The Teachers Federal Credit Union 401(k) match · 2024
Employer contribution per active participant$1,489
Median for plans this size$3,635
2024$1,489 per active participant
2023$1,442 per active participant
2022$1,518 per active participant

Teachers Federal Credit Union's 2024 employer contribution ran below the $3,635 median for plans its size, in the bottom 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
MERRILL LYNCH, PIERCE, FENNER AND S · Recordkeeping$159,749

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

Recordkeeper by year2
2024Bank of America / Merrill
2023Bank of America / Merrill

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

Administrative cost history3
2024$159,749 · 0.23%
2023$139,736 · 0.23%
2022$323,905 · 0.52%
Same employer
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Glencore LTD. NY$75.2M · 0.07%
Wafra Inc. NY$72.6M · 0.21%
New Mountain Capital, LLC NY$72.2M · 0.17%
Dz Bank AG, New York Branch NY$71.4M · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 111751016 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.