401k Record

Employers › Credit Union 1

Credit Union 1 401(k)

Administrative expenses excluding investment management, per participant · Credit Union 1 401(k) Retirement Plan · plan year 2024

$38.11

Higher than 22% of the 24,371 plans $10 to 50M that report it.

Source

= $17,037 / 447
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250912122805NAL0001295937001, received 2025-09-12
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250912122805NAL0001295937001, received 2025-09-12

10th: $15.36median $118.8890th: $340.63

Percentiles compare this plan with the Schedule H plans $10 to 50M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-09-12.

Cost and contributions

Recordkeeping fees per participant

not reported

Not reported on this filing.

Administrative expenses per participant

$38.11

10th: $26.86median $197.2590th: $456.10

Higher than 13% of the 25,098 plans $10 to 50M that report it.

Source

= $17,037 / 447
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250912122805NAL0001295937001, received 2025-09-12
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250912122805NAL0001295937001, received 2025-09-12

Administrative expenses as a share of assets

0.054%

10th: 0.035%median 0.289%90th: 0.599%

Higher than 14% of the 25,132 plans $10 to 50M that report it.

Source

= $17,037 / $31,260,924
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250912122805NAL0001295937001, received 2025-09-12
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250912122805NAL0001295937001, received 2025-09-12

Employer contributions per participant

$2,871

10th: $664median $2,07490th: $4,751

Higher than 70% of the 24,050 plans $10 to 50M that report it.

Source

= $1,283,183 / 447
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250912122805NAL0001295937001, received 2025-09-12
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250912122805NAL0001295937001, received 2025-09-12

Employer share of total contributions

41.4%

10th: 13.1%median 27.9%90th: 45.2%

Higher than 86% of the 24,084 plans $10 to 50M that report it.

Source

= $1,283,183 / $3,098,101
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250912122805NAL0001295937001, received 2025-09-12
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250912122805NAL0001295937001, received 2025-09-12

Plan terms, as stated in Credit Union 1's SEC filings

Plan terms are not published in public filings.

Plan features

3D IRS pre-approved plan · 2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2T default investment (QDIA) · 2A age/service-weighted · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250912122805NAL0001295937001, received 2025-09-12

Full record, Credit Union 1 401(k) Retirement Plan

FieldValueSource
Plan sponsorCREDIT UNION 1Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250912122805NAL0001295937001, received 2025-09-12
Plan nameCREDIT UNION 1 401(K) RETIREMENT PLANForm 5500, line 1a; PLAN_NAME pos 16; filing 20250912122805NAL0001295937001, received 2025-09-12
Sponsor EIN / plan number37-0767435 / 001Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250912122805NAL0001295937001, received 2025-09-12
Plan typesingle-employerForm 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250912122805NAL0001295937001, received 2025-09-12
Sponsor locationRANTOUL, ILForm 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250912122805NAL0001295937001, received 2025-09-12
Industry (business code)522130, Finance and insuranceForm 5500, line 2d; BUSINESS_CODE pos 46; filing 20250912122805NAL0001295937001, received 2025-09-12
Plan year2024-01-01 to 2024-12-31Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250912122805NAL0001295937001, received 2025-09-12
Filing received2025-09-12Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250912122805NAL0001295937001, received 2025-09-12
Final filingnoForm 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250912122805NAL0001295937001, received 2025-09-12
Amended filingnoForm 5500, Part I line B; AMENDED_IND pos 7; filing 20250912122805NAL0001295937001, received 2025-09-12
Participants, beginning of year472Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250912122805NAL0001295937001, received 2025-09-12
Active participants329Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250912122805NAL0001295937001, received 2025-09-12
Participants, end of year475Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250912122805NAL0001295937001, received 2025-09-12
Participants with an account balance447Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250912122805NAL0001295937001, received 2025-09-12
Total assets, beginning of year$27,476,488Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250912122805NAL0001295937001, received 2025-09-12
Total assets, end of year$31,260,924Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250912122805NAL0001295937001, received 2025-09-12
Net assets, end of year$31,260,924Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250912122805NAL0001295937001, received 2025-09-12
Total income$7,665,606Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250912122805NAL0001295937001, received 2025-09-12
Net income$3,784,436Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250912122805NAL0001295937001, received 2025-09-12
Employer contributions$1,283,183Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250912122805NAL0001295937001, received 2025-09-12
Participant contributions$1,391,330Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250912122805NAL0001295937001, received 2025-09-12
Other contributions (incl. rollovers)$423,588Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250912122805NAL0001295937001, received 2025-09-12
Total contributions$3,098,101Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250912122805NAL0001295937001, received 2025-09-12
Benefit payments$3,864,133Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250912122805NAL0001295937001, received 2025-09-12
Total expenses (incl. benefit payments)$3,881,170Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250912122805NAL0001295937001, received 2025-09-12
Total administrative expenses$17,037Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250912122805NAL0001295937001, received 2025-09-12
Contract administrator fees$17,037Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20250912122805NAL0001295937001, received 2025-09-12
Recordkeeping fees$0Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250912122805NAL0001295937001, received 2025-09-12
IQPA audit fees$0Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20250912122805NAL0001295937001, received 2025-09-12
Investment advisory and management fees$0Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250912122805NAL0001295937001, received 2025-09-12
Administrative expenses excluding investment management$17,037derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250912122805NAL0001295937001, received 2025-09-12
Held in common/collective trusts$0Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250912122805NAL0001295937001, received 2025-09-12
Held in mutual funds$0Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250912122805NAL0001295937001, received 2025-09-12
Independent auditorGBQ PARTNERS LLCSchedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250912122805NAL0001295937001, received 2025-09-12

Position = column in the DOL layout for form year 2024. Filing 20250912122805NAL0001295937001, received 2025-09-12.

Service providers paid directly by the plan

ProviderRelationshipService codesDirect compensationIndirect
MINNESOTA LIFE INSURANCE COMPANYrecordkeeperNONE 13 Contract administrator; 15 Recordkeeping and information management; 28 Investment management; 34 Valuation (appraisals etc.); 37 Participant loan processing; 38 Participant communication; 50 Direct payment from the plan; 52 Investment management fees paid indirectly by plan; 64 Recordkeeping fees; 65 Account maintenance fees $61,074yes

Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250912122805NAL0001295937001, received 2025-09-12.

What changed since the 2023 plan year

Figure20232024Change
Total assets$27,476,488$31,260,92413.8%
Participants with a balance39944712.0%
Administrative expenses$23,919$17,037-28.8%
Recordkeeping fees per participantnot reportednot reported
Employer contributions$1,171,337$1,283,1839.5%

Prior filing 20240710135724NAL0009638995001, received 2024-07-10; the plan years are contiguous.

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Sponsor name as filed: CREDIT UNION 1; SEC registrant: Credit Union 1 (CIK 1965830, matched by EIN).