Police and Fire Federal Credit Union 401(k) Review & Grade
Police and Fire Federal Credit Union Employees Retirement Plan
Philadelphia, PAFinance & Insurance787 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,639Employer $ per active participant
$4,523Employee $ saved per active participant
0.01%Direct admin cost, % of plan assets
$104.2MNet plan assets, end of year
$109,177Average balance per account
Score breakdown
- Employer generosity25.5 / 5051th percentile for employer $ per participant
- Low cost24.2 / 2597th percentile for low admin cost vs. same-size plans
- Employee saving2.6 / 1518th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score62 / 100 · Grade B
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 51th |
| Lower admin cost | 97th |
| Employee saving | 18th |
| Peers that auto-enroll | 62% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Police and Fire Federal Credit Union put in about $3,639 per active participant, more than the typical peer ($3,606). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $2,863,843 |
| Participant (employee) contributions | $3,559,465 |
| Other contributions (incl. rollovers in) | $495,883 |
| Administrative expenses paid from the plan | $13,820 |
| Benefits paid out | $5,262,789 |
| Net assets, start / end of year | $89.6M / $104.2M |
| Active participants, start / end of year | 804 / 770 |
| Participants with account balances | 954 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $13,820 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250603154602NAL0010332065001, received 2025-06-03, EIN 23-1343988, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.