Plan Ledger DOL Form 5500 · updated monthly

Topline Financial Credit Union401(k)

TOPLINE FINANCIAL CREDIT UNION 401(K) PLAN · MAPLE GROVE, MN · plan year 2024

Reported admin expense ratio · 2024
0.21%

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

Topline Financial Credit Union reported $43,342 in plan administrative expenses for 2024: 0.21% of average plan assets, below the peer median. Employer contributions averaged $3,593 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 0.31% to 0.21%. 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 787th-largest of 1,918 plans among Minnesota employers on file, and 2,715th of 4,798 in finance & insurance. In 2024, employees put in $1.44 for every $1.00 the employer contributed; active participation has grown from 109 to 168 since 2022.

Plan summary
Net assets, end of year$24,835,644
Participants with balances222
Active participants168
Employer contributions$603,591
Employee contributions$870,254
Employer contribution per active participant$3,593
Average account balance$111,872
Benefits paid to participants$1,666,630
Plan auditUnmodified (clean) audit opinion
AuditorWIPFLI LLP
Plan history3
Yearassets · accounts · employer contribution
2024$24.8M · 222 accts · $604K emplr
2023$16.0M · 156 accts · $531K emplr
2022$14.2M · 143 accts · $516K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$7,072
Investment management$37,994
Total administrative$43,342
The Topline Financial Credit Union 401(k) match · 2024
Employer contribution per active participant$3,593
Median for plans this size$2,416
2024$3,593 per active participant
2023$3,634 per active participant
2022$4,736 per active participant

Topline Financial 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 · 20244
NFP RETIREMENT INC · Investment advisory (plan)$31,538
EMPOWER ADVISORY GROUP, LLC · Investment management$6,456

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$43,342 · 0.21%
2023$39,938 · 0.26%
2022$48,204 · 0.31%
Same employer
Similar plansFinance & Insurance · Minnesota
Midcountry Bank MN$26.9M · 0.31%
Osp, LLC MN$25.7M · 0.13%
Tena Companies MN$25.5M · 0.02%
Luminate Home Loans, Inc. MN$25.2M · 0.50%
Alliance Bank MN$22.9M · 0.08%
Park Financial Group, Inc. MN$22.7M · 0.20%

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Source: U.S. Department of Labor, Form 5500 series, EIN 410415960 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.