Ornl Federal Credit Union 401(k) Review & Grade
Ornl Federal Credit Union 401(k) Plan and Trust
Oak Ridge, TNFinance & Insurance512 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,434Employer $ per active participant
$4,706Employee $ saved per active participant
0.16%Direct admin cost, % of plan assets
$37.8MNet plan assets, end of year
$57,650Average balance per account
Score breakdown
- Employer generosity23.4 / 5047th percentile for employer $ per participant
- Low cost15.1 / 2561th percentile for low admin cost vs. same-size plans
- Employee saving3.0 / 1520th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score52 / 100 · Grade C
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 47th |
| Lower admin cost | 61th |
| Employee saving | 20th |
| 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
- Ornl Federal Credit Union put in about $3,434 per active participant, below the typical peer ($3,606). Any match is still an instant return, so contribute enough to get all of it.
- 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 | $1,759,877 |
| Participant (employee) contributions | $2,412,021 |
| Other contributions (incl. rollovers in) | $737,287 |
| Administrative expenses paid from the plan | $56,257 |
| Contract administrator fees | $56,257 |
| Benefits paid out | $2,518,571 |
| Net assets, start / end of year | $30.8M / $37.8M |
| Active participants, start / end of year | 490 / 535 |
| Participants with account balances | 656 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Doeren Mayhew Assurance |
Largest service providers (Schedule C)
| Lincoln National Corporation | $56,257 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015101019NAL0005911792001, received 2025-10-15, EIN 62-0476738, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.