Plan Ledger DOL Form 5500 · updated monthly

Tlc Community Credit Union401(k)

TLC COMMUNITY CREDIT UNION 401(K) PLAN · ADRIAN, MI · plan year 2024

Reported admin expense ratio · 2024
0.24%

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

Tlc Community Credit Union reported $33,173 in plan administrative expenses for 2024: 0.24% of average plan assets, below the peer median. Employer contributions averaged $6,728 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 0.24%. 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 1,229th-largest of 2,619 plans among Michigan employers on file, and 3,457th of 4,798 in finance & insurance. In 2024, the employer put in $1.41 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$15,515,947
Participants with balances149
Active participants132
Employer contributions$888,134
Employee contributions$629,207
Employer contribution per active participant$6,728
Average account balance$104,134
Benefits paid to participants$496,955
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$15.5M · 149 accts · $888K emplr
2023$12.7M · 138 accts · $827K emplr
2022$10.0M · 139 accts · $778K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$33,173
Total administrative$33,173
The Tlc Community Credit Union 401(k) match · 2024
Employer contribution per active participant$6,728
Median for plans this size$2,416
2024$6,728 per active participant
2023$6,838 per active participant
2022$6,374 per active participant

Tlc Community Credit Union'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 · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$33,172
PRINCIPAL SECURITIES INC · Other servicesindirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp
WILSHIRE ADVISORS 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$33,173 · 0.24%
2023$26,666 · 0.23%
2022$25,654 · 0.23%
Same employer
Similar plansFinance & Insurance · Michigan
Range Bank, N.A. MI$16.3M · 0.14%
Conifer Holdings, Inc. MI$15.6M · 0.47%
J.M. Wilson Corporation MI$15.4M · 0.52%
Thumb Bank and Trust MI$14.1M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 381524325 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.