Plan Ledger DOL Form 5500 · updated monthly

University Federal Credit Union401(k)

UNIVERSITY FEDERAL CREDIT UNION 401(K) PROFIT SHARING PLAN · AUSTIN, TX · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

University Federal Credit Union reported $97,851 in plan administrative expenses for 2024: 0.08% of average plan assets, below the peer median. Employer contributions averaged $6,977 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 0.07% to 0.08%. 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 525th-largest of 5,688 plans among Texas employers on file, and the 829th of 4,798 in finance & insurance. In 2024, employees put in $1.07 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$126,638,194
Participants with balances849
Active participants749
Employer contributions$5,225,816
Employee contributions$5,608,631
Employer contribution per active participant$6,977
Average account balance$149,162
Benefits paid to participants$10,198,461
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$126.6M · 849 accts · $5.2M emplr
2023$109.2M · 868 accts · $5.4M emplr
2022$88.6M · 881 accts · $5.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$76,080
Investment management$3,771
Audit (IQPA)$18,000
Total administrative$97,851
The University Federal Credit Union 401(k) match · 2024
Employer contribution per active participant$6,977
Median for plans this size$3,635
2024$6,977 per active participant
2023$6,827 per active participant
2022$6,613 per active participant

University Federal Credit Union's 2024 employer contribution ran above the $3,635 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
MILLIMAN, INC. · Recordkeeping · Loan processing$77,951
DOEREN MAYHEW ASSURANCE · Accounting / audit$18,000
CHARLES SCHWAB TRUST BANK · Trustee (directed) · Custodial (securities)indirect comp
CHARLES SCHWAB & CO. INC. · Custodial (securities) · Trustee (directed)indirect comp

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

Recordkeeper by year2
2024Milliman
2023Milliman

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

Administrative cost history3
2024$97,851 · 0.08%
2023$62,765 · 0.06%
2022$67,102 · 0.07%
Same employer
Similar plansFinance & Insurance · Texas
Stellar Bank TX$149.8M · 0.17%
Independent Bank TX$143.0M · 0.11%
Cornerstone Capital Bank TX$136.2M · 0.19%
Bepco, L.P. TX$123.0M · 0.10%
Broadway Bancshares, Inc. TX$120.9M · 0.16%
Amarillo National Bank TX$118.5M · 0.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 741160132 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.