Truliant Federal Credit Union 401(k) Review & Grade
Truliant Federal Credit Union 401(k) Plan and Trust
Winston-Salem, NCFinance & Insurance884 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,733Employer $ per active participant
$5,123Employee $ saved per active participant
0.22%Direct admin cost, % of plan assets
$68.5MNet plan assets, end of year
$57,408Average balance per account
Score breakdown
- Employer generosity17.1 / 5034th percentile for employer $ per participant
- Low cost12.9 / 2551th percentile for low admin cost vs. same-size plans
- Employee saving3.7 / 1525th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score44 / 100 · Grade D
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 34th |
| Lower admin cost | 51th |
| Employee saving | 25th |
| 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
- Truliant Federal Credit Union put in about $2,733 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 | $2,415,969 |
| Participant (employee) contributions | $4,528,716 |
| Other contributions (incl. rollovers in) | $624,964 |
| Administrative expenses paid from the plan | $140,605 |
| Contract administrator fees | $69,559 |
| Investment advisory & management fees | $59,205 |
| Benefits paid out | $7,238,925 |
| Net assets, start / end of year | $60.3M / $68.5M |
| Active participants, start / end of year | 875 / 893 |
| Participants with account balances | 1,194 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Doeren Mayhew Assurance |
Largest service providers (Schedule C)
| Cmfg Life Insurance Company | $81,400 reported compensation |
| Members Capital Advisors, Inc. | $59,205 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014112840NAL0003782672001, received 2025-10-14, EIN 56-0582032, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.