United Federal Credit Union 401(k) Review & Grade
United Federal Credit Union 401(k) Plan
ST. Joseph, MIFinance & Insurance695 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$5,361Employer $ per active participant
$4,358Employee $ saved per active participant
0.28%Direct admin cost, % of plan assets
$83.9MNet plan assets, end of year
$88,514Average balance per account
Score breakdown
- Employer generosity34.8 / 5070th percentile for employer $ per participant
- Low cost10.7 / 2543th percentile for low admin cost vs. same-size plans
- Employee saving2.5 / 1516th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score51 / 100 · Grade C
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 70th |
| Lower admin cost | 43th |
| Employee saving | 16th |
| Peers that auto-enroll | 62% |
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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
- United Federal Credit Union put in about $5,361 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.
- 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 | $3,725,752 |
| Participant (employee) contributions | $3,029,008 |
| Other contributions (incl. rollovers in) | $1,892,229 |
| Administrative expenses paid from the plan | $223,593 |
| Investment advisory & management fees | $71,234 |
| Other admin expenses | $38,300 |
| Benefits paid out | $8,785,456 |
| Net assets, start / end of year | $74.3M / $83.9M |
| Active participants, start / end of year | 718 / 672 |
| Participants with account balances | 948 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $114,059 reported compensation |
| Grove Point Advisors LLC | $38,647 reported compensation |
| Roland Criss & Williams Inc DBA Rol | $38,301 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250822134834NAL0005341553001, received 2025-08-22, EIN 38-1393400, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.