California Credit Union 401(k) Review & Grade
California Credit Union 401(k) Plan
Glendale, CAFinance & Insurance518 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$5,072Employer $ per active participant
$7,799Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$111.3MNet plan assets, end of year
$153,709Average balance per account
Score breakdown
- Employer generosity33.4 / 5067th percentile for employer $ per participant
- Low cost21.7 / 2587th percentile for low admin cost vs. same-size plans
- Employee saving8.6 / 1557th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score74 / 100 · Grade B
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 67th |
| Lower admin cost | 87th |
| Employee saving | 57th |
| 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
- California Credit Union put in about $5,072 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 | $2,624,796 |
| Participant (employee) contributions | $4,035,818 |
| Other contributions (incl. rollovers in) | $201,642 |
| Administrative expenses paid from the plan | $54,442 |
| Contract administrator fees | $54,442 |
| Benefits paid out | $6,525,646 |
| Net assets, start / end of year | $98.6M / $111.3M |
| Active participants, start / end of year | 513 / 522 |
| Participants with account balances | 724 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Turner, Warren, Hwang & Conrad Ac |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $54,314 reported compensation |
| Morningstar Investment Management L | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250613104532NAL0015610979001, received 2025-06-13, EIN 95-0951410, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.