Golden 1 Credit Union 401(k) Review & Grade
The Golden 1 Employee Savings and Investment Plan
Sacramento, CAFinance & Insurance2,084 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,463Employer $ per active participant
$6,160Employee $ saved per active participant
0.01%Direct admin cost, % of plan assets
$237.1MNet plan assets, end of year
$84,403Average balance per account
Score breakdown
- Employer generosity31.2 / 5062th percentile for employer $ per participant
- Low cost24.2 / 2597th percentile for low admin cost vs. same-size plans
- Employee saving5.6 / 1537th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score64 / 100 · Grade B
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 62th |
| Lower admin cost | 97th |
| Employee saving | 37th |
| 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
- Golden 1 Credit Union put in about $4,463 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 | $9,303,242 |
| Participant (employee) contributions | $12,839,644 |
| Other contributions (incl. rollovers in) | $4,376,188 |
| Administrative expenses paid from the plan | $31,096 |
| Other admin expenses | $43,500 |
| Benefits paid out | $19,654,086 |
| Net assets, start / end of year | $197.0M / $237.1M |
| Active participants, start / end of year | 2,044 / 2,125 |
| Participants with account balances | 2,809 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Sageview Advisory Group | $43,500 reported compensation |
| Fidelity Investments Institutional | −$12,404 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010140545NAL0007831185001, received 2025-10-10, EIN 94-0362025, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.