Plan Ledger DOL Form 5500 · updated monthly

Union Square Credit Union401(k)

UNION SQUARE CREDIT UNION 401(K) PLAN · WICHITA FALLS, TX · plan year 2024

Reported admin expense ratio · 2024
0.45%

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

Union Square Credit Union reported $60,364 in plan administrative expenses for 2024: 0.45% of average plan assets, above the peer median. Employer contributions averaged $3,092 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 rose from 0.42% to 0.45%. 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 2,537th-largest of 5,688 plans among Texas employers on file, and 3,596th of 4,798 in finance & insurance. In 2024, employees put in $1.25 for every $1.00 the employer contributed; active participation has grown from 128 to 154 since 2022.

Plan summary
Net assets, end of year$14,032,181
Participants with balances169
Active participants154
Employer contributions$476,138
Employee contributions$597,156
Employer contribution per active participant$3,092
Average account balance$83,031
Benefits paid to participants$1,538,860
Plan auditUnmodified (clean) audit opinion
AuditorFREEMON, SHAPARD & STORY
Plan history3
Yearassets · accounts · employer contribution
2024$14.0M · 169 accts · $476K emplr
2023$12.9M · 154 accts · $457K emplr
2022$12.4M · 152 accts · $497K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,807
Investment management$41,557
Total administrative$60,364
The Union Square Credit Union 401(k) match · 2024
Employer contribution per active participant$3,092
Median for plans this size$2,416
2024$3,092 per active participant
2023$3,512 per active participant
2022$3,879 per active participant

Union Square 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 · 20243
LPL FINANCIAL LLC · Investment advisory (plan)$33,220
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$18,807
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$8,338

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$60,364 · 0.45%
2023$55,462 · 0.44%
2022$61,284 · 0.42%
Same employer
Similar plansFinance & Insurance · Texas
Insurance Zebra, Inc. TX$14.2M · 0.85%
Capital Bancorp, Inc. TX$14.2M · 0.03%
Moody National Bank TX$13.7M · 0.26%
Texan Title Holdings, LLC TX$13.5M · 0.38%
Ltct Holdings LLC TX$13.4M · 1.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 750971964 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.