Employers › Veridian Credit Union
Recordkeeping fees per participant · Veridian Credit Union 401(k) Plan and Trust · plan year 2024
$45.41
Higher than 33% of the 5,847 plans $50 to 250M that report it.
= $53,264 / 1,173
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250923082805NAL0002466371001, received 2025-09-23
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250923082805NAL0002466371001, received 2025-09-23
Percentiles compare this plan with the Schedule H plans $50 to 250M 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 2025-09-23.
Administrative expenses excluding investment management, per participant
$59.82
Higher than 29% of the 8,758 plans $50 to 250M that report it.
= $70,171 / 1,173
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250923082805NAL0002466371001, received 2025-09-23
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250923082805NAL0002466371001, received 2025-09-23
Administrative expenses per participant
$295.29
Higher than 86% of the 9,042 plans $50 to 250M that report it.
= $346,376 / 1,173
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250923082805NAL0002466371001, received 2025-09-23
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250923082805NAL0002466371001, received 2025-09-23
Administrative expenses as a share of assets
0.174%
Higher than 62% of the 9,049 plans $50 to 250M that report it.
= $346,376 / $198,722,742
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250923082805NAL0002466371001, received 2025-09-23
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250923082805NAL0002466371001, received 2025-09-23
Employer contributions per participant
$7,009
Higher than 87% of the 9,105 plans $50 to 250M that report it.
= $8,221,983 / 1,173
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250923082805NAL0002466371001, received 2025-09-23
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250923082805NAL0002466371001, received 2025-09-23
Employer share of total contributions
58.5%
Higher than 95% of the 9,112 plans $50 to 250M that report it.
= $8,221,983 / $14,042,749
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250923082805NAL0002466371001, received 2025-09-23
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250923082805NAL0002466371001, received 2025-09-23
Plan terms are not published in public filings.
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2R participant brokerage window · 2S pre-approved plan document · 2T default investment (QDIA) · 3D IRS pre-approved plan · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250923082805NAL0002466371001, received 2025-09-23
| Field | Value | Source |
|---|---|---|
| Plan sponsor | VERIDIAN CREDIT UNION | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250923082805NAL0002466371001, received 2025-09-23 |
| Plan name | VERIDIAN CREDIT UNION 401(K) PLAN AND TRUST | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250923082805NAL0002466371001, received 2025-09-23 |
| Sponsor EIN / plan number | 42-1132695 / 002 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250923082805NAL0002466371001, received 2025-09-23 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250923082805NAL0002466371001, received 2025-09-23 |
| Sponsor location | WATERLOO, IA | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250923082805NAL0002466371001, received 2025-09-23 |
| Industry (business code) | 522130, Finance and insurance | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250923082805NAL0002466371001, received 2025-09-23 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250923082805NAL0002466371001, received 2025-09-23 |
| Filing received | 2025-09-23 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250923082805NAL0002466371001, received 2025-09-23 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250923082805NAL0002466371001, received 2025-09-23 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250923082805NAL0002466371001, received 2025-09-23 |
| Participants, beginning of year | 1,347 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250923082805NAL0002466371001, received 2025-09-23 |
| Active participants | 1,016 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250923082805NAL0002466371001, received 2025-09-23 |
| Participants, end of year | 1,187 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250923082805NAL0002466371001, received 2025-09-23 |
| Participants with an account balance | 1,173 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250923082805NAL0002466371001, received 2025-09-23 |
| Total assets, beginning of year | $170,621,119 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250923082805NAL0002466371001, received 2025-09-23 |
| Total assets, end of year | $198,722,742 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250923082805NAL0002466371001, received 2025-09-23 |
| Net assets, end of year | $198,722,742 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250923082805NAL0002466371001, received 2025-09-23 |
| Total income | $38,479,649 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250923082805NAL0002466371001, received 2025-09-23 |
| Net income | $28,101,623 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250923082805NAL0002466371001, received 2025-09-23 |
| Employer contributions | $8,221,983 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250923082805NAL0002466371001, received 2025-09-23 |
| Participant contributions | $5,157,767 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250923082805NAL0002466371001, received 2025-09-23 |
| Other contributions (incl. rollovers) | $662,999 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250923082805NAL0002466371001, received 2025-09-23 |
| Total contributions | $14,042,749 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250923082805NAL0002466371001, received 2025-09-23 |
| Benefit payments | $10,030,192 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250923082805NAL0002466371001, received 2025-09-23 |
| Total expenses (incl. benefit payments) | $10,378,026 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250923082805NAL0002466371001, received 2025-09-23 |
| Total administrative expenses | $346,376 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250923082805NAL0002466371001, received 2025-09-23 |
| Recordkeeping fees | $53,264 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250923082805NAL0002466371001, received 2025-09-23 |
| IQPA audit fees | $16,291 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20250923082805NAL0002466371001, received 2025-09-23 |
| Investment advisory and management fees | $276,205 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250923082805NAL0002466371001, received 2025-09-23 |
| Administrative expenses excluding investment management | $70,171 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250923082805NAL0002466371001, received 2025-09-23 |
| Held in common/collective trusts | $140,264,820 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250923082805NAL0002466371001, received 2025-09-23 |
| Held in mutual funds | $42,771,616 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250923082805NAL0002466371001, received 2025-09-23 |
| Independent auditor | BT&CO., PA | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250923082805NAL0002466371001, received 2025-09-23 |
Position = column in the DOL layout for form year 2024. Filing 20250923082805NAL0002466371001, received 2025-09-23.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| CAPFINANCIAL PARTNERS LLC DBA CAPTR | INVESTMENT ADVISOR | 27 Investment advisory (plan) | $223,487 | no |
| EMPOWER ANNUITY INSURANCE COMPANYrecordkeeper | RECORDKEEPER | 64 Recordkeeping fees | $53,264 | yes |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | 28 Investment management | $52,718 | no |
| MCGLADREY LLP | AUDITOR | 10 Accounting (including auditing) | $16,291 | no |
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 20250923082805NAL0002466371001, received 2025-09-23.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $170,621,119 | $198,722,742 | 16.5% |
| Participants with a balance | 1,317 | 1,173 | -10.9% |
| Administrative expenses | $276,663 | $346,376 | 25.2% |
| Recordkeeping fees per participant | $27.88 | $45.41 | 62.9% |
| Employer contributions | $7,717,618 | $8,221,983 | 6.5% |
Prior filing 20240918144451NAL0001755683001, received 2024-09-18; the plan years are contiguous.
Sponsor name as filed: VERIDIAN CREDIT UNION; SEC registrant: Veridian Credit Union (CIK 1977669, matched by EIN).