Georgia's Own Credit Union 401(k) Review & Grade
Georgia's Own Credit Union Employees Savings Plan & Trust
Atlanta, GAFinance & Insurance700 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$6,392Employer $ per active participant
$6,830Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$87.9MNet plan assets, end of year
$108,630Average balance per account
Score breakdown
- Employer generosity39.3 / 5079th percentile for employer $ per participant
- Low cost23.2 / 2593th percentile for low admin cost vs. same-size plans
- Employee saving7.1 / 1547th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score73 / 100 · Grade B
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 79th |
| Lower admin cost | 93th |
| 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
- Georgia's Own Credit Union put in about $6,392 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 | $4,474,704 |
| Participant (employee) contributions | $4,781,079 |
| Other contributions (incl. rollovers in) | $512,069 |
| Administrative expenses paid from the plan | $23,821 |
| Other admin expenses | $1,590 |
| Benefits paid out | $6,616,264 |
| Net assets, start / end of year | $72.5M / $87.9M |
| Active participants, start / end of year | 695 / 705 |
| Participants with account balances | 809 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Doeren Mayhew Assurance |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $23,820 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250711111926NAL0004626099001, received 2025-07-11, EIN 58-0147128, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.