University Federal Credit Union 401(k) Review & Grade
University Federal Credit Union 401(k) Profit Sharing Plan
Austin, TXFinance & Insurance771 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$6,778Employer $ per active participant
$7,274Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$126.6MNet plan assets, end of year
$149,162Average balance per account
Score breakdown
- Employer generosity40.9 / 5082th percentile for employer $ per participant
- Low cost19.6 / 2578th percentile for low admin cost vs. same-size plans
- Employee saving7.8 / 1552th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score71 / 100 · Grade B
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 82th |
| Lower admin cost | 78th |
| Employee saving | 52th |
| 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
- University Federal Credit Union put in about $6,778 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 | $5,225,816 |
| Participant (employee) contributions | $5,608,631 |
| Other contributions (incl. rollovers in) | $370,644 |
| Administrative expenses paid from the plan | $97,851 |
| Investment advisory & management fees | $3,771 |
| Benefits paid out | $10,198,461 |
| Net assets, start / end of year | $109.2M / $126.6M |
| Active participants, start / end of year | 793 / 749 |
| Participants with account balances | 849 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Doeren Mayhew Assurance |
Largest service providers (Schedule C)
| Milliman, Inc. | $77,951 reported compensation |
| Charles Schwab Trust Bank | $47,276 reported compensation |
| Doeren Mayhew Assurance | $18,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014101416NAL0002592449001, received 2025-10-14, EIN 74-1160132, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.