Spokane Teachers Credit Union 401(k) Review & Grade
Spokane Teachers Credit Union 401(k) Retirement Savings Plan
Liberty Lake, WAFinance & Insurance922 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$6,716Employer $ per active participant
$5,783Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$126.1MNet plan assets, end of year
$113,903Average balance per account
Score breakdown
- Employer generosity40.6 / 5081th percentile for employer $ per participant
- Low cost16.4 / 2566th percentile for low admin cost vs. same-size plans
- Employee saving4.8 / 1532th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score65 / 100 · Grade B
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 81th |
| Lower admin cost | 66th |
| Employee saving | 32th |
| Peers that auto-enroll | 62% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
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
- Spokane Teachers Credit Union put in about $6,716 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 | $6,195,577 |
| Participant (employee) contributions | $5,334,552 |
| Other contributions (incl. rollovers in) | $645,034 |
| Administrative expenses paid from the plan | $159,602 |
| Contract administrator fees | $600 |
| Investment advisory & management fees | $59,852 |
| Benefits paid out | $6,327,534 |
| Net assets, start / end of year | $104.3M / $126.1M |
| Active participants, start / end of year | 901 / 944 |
| Participants with account balances | 1,107 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $99,750 reported compensation |
| Strategic Advisors, Inc. | $59,787 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251002184237NAL0000806449001, received 2025-10-02, EIN 91-0565128, plan #033, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.