Plan Ledger DOL Form 5500 · updated monthly

Wasatch Peaks Federal Credit Union401(k)

WASATCH PEAKS FEDERAL CREDIT UNION 401(K) PLAN & TRUST · OGDEN, UT · plan year 2024

Reported admin expense ratio · 2024
0.67%

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

Wasatch Peaks Federal Credit Union reported $63,897 in plan administrative expenses for 2024: 0.67% of average plan assets, above the peer median. Employer contributions averaged $3,026 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 0.72% to 0.67%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Utah (453rd of 848), and 3,953rd of 4,798 in finance & insurance. In 2024, employees put in $1.49 for every $1.00 the employer contributed; active participation has shrunk from 126 to 110 since 2022.

Plan summary
Net assets, end of year$10,300,353
Participants with balances141
Active participants110
Employer contributions$332,891
Employee contributions$495,455
Employer contribution per active participant$3,026
Average account balance$73,052
Benefits paid to participants$312,500
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$10.3M · 141 accts · $333K emplr
2023$8.7M · 143 accts · $333K emplr
2022$7.0M · 148 accts · $334K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$38,766
Investment management$25,131
Total administrative$63,897
The Wasatch Peaks Federal Credit Union 401(k) match · 2024
Employer contribution per active participant$3,026
Median for plans this size$1,313
2024$3,026 per active participant
2023$3,053 per active participant
2022$2,655 per active participant

Wasatch Peaks Federal Credit Union's 2024 employer contribution ran above the $1,313 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 · 20242
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$38,765
ONEDIGITAL INVESTMENT ADVISORS LLC · Investment advisory (plan)$25,131

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

Recordkeeper by year2
2024The Standard
2023The Standard

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

Administrative cost history3
2024$63,897 · 0.67%
2023$53,877 · 0.69%
2022$53,972 · 0.72%
Similar plansFinance & Insurance · Utah
Veritas Funding, LLC UT$12.0M · 0.39%
First Utah Bancorporation UT$11.2M · 0.42%
Finwise Bank UT$11.0M · 0.47%
Nav Technologies, Inc. UT$9.5M · 0.79%
Foursight Capital, LLC UT$9.2M · 0.65%

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Source: U.S. Department of Labor, Form 5500 series, EIN 870135033 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.