Citadel Federal Credit Union 401(k) Review & Grade
Citadel Retirement Plan
Exton, PAFinance & Insurance552 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$5,715Employer $ per active participant
$6,783Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$84.1MNet plan assets, end of year
$129,462Average balance per account
Score breakdown
- Employer generosity36.7 / 5073th percentile for employer $ per participant
- Low cost20.5 / 2582th percentile for low admin cost vs. same-size plans
- Employee saving7.0 / 1547th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score67 / 100 · Grade B
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 73th |
| Lower admin cost | 82th |
| Employee saving | 47th |
| 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
- Citadel Federal Credit Union put in about $5,715 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 | $3,151,996 |
| Participant (employee) contributions | $3,741,078 |
| Other contributions (incl. rollovers in) | $1,006,850 |
| Administrative expenses paid from the plan | $54,270 |
| Contract administrator fees | $1,200 |
| Investment advisory & management fees | $40,610 |
| Benefits paid out | $10,818,282 |
| Net assets, start / end of year | $76.2M / $84.1M |
| Active participants, start / end of year | 549 / 554 |
| Participants with account balances | 650 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Creative Planning LLC | $40,610 reported compensation |
| Fidelity Investments Institutional | $13,660 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250623112453NAL0014561810001, received 2025-06-23, EIN 23-1357102, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.