Credit One Bank, National Association 401(k) Review & Grade
Credit One Bank, N. A. 401(k) Plan and Trust
Las Vegas, NVFinance & Insurance915 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$5,518Employer $ per active participant
$9,340Employee $ saved per active participant
0.22%Direct admin cost, % of plan assets
$100.1MNet plan assets, end of year
$84,728Average balance per account
Score breakdown
- Employer generosity35.7 / 5071th percentile for employer $ per participant
- Low cost12.7 / 2551th percentile for low admin cost vs. same-size plans
- Employee saving10.7 / 1571th percentile for employee $ per participant
- Plan features3 / 10Default 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 | 71th |
| Lower admin cost | 51th |
| Employee saving | 71th |
| 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
- Credit One Bank, National Association put in about $5,518 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 | $5,048,970 |
| Participant (employee) contributions | $8,546,032 |
| Other contributions (incl. rollovers in) | $857,962 |
| Administrative expenses paid from the plan | $202,345 |
| Other admin expenses | $202,345 |
| Benefits paid out | $7,964,642 |
| Net assets, start / end of year | $81.4M / $100.1M |
| Active participants, start / end of year | 876 / 954 |
| Participants with account balances | 1,181 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Global Retirement Partners, LLC | $107,554 reported compensation |
| The Vanguard Group, Inc. | $102,491 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251001112401NAL0005898003001, received 2025-10-01, EIN 94-2841595, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.