Industries › Finance and insurance
Industry · Form 5500 business code 522130
Credit Unions: retirement plans
Plans whose sponsor entered this principal business activity code on Form 5500.
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. The business code is chosen by the filer from the list in the Form 5500 instructions.
For plan year 2024, 756 retirement plans in credit unions with 100 or more participants filed Form 5500: 624 defined contribution and 132 defined benefit. They reported 426,961 participant records and $41.8B in net assets, counting every plan on the form.
The median defined contribution plan held $81,313 per participant, well above the national median of $53,031, and its employer put in $4,026 per active participant (national: $2,174). Among plans reporting Schedule C compensation the median was $193 per participant against $123 nationally.
Employers contributed $1.36B and participants $1.53B during the year, and the plans paid out $3.27B in benefits.
In 2009 the same group numbered 679 plans with $8.54B; by 2024 it was 756 plans (up 11%) and $41.8B (up 390%). From plan year 2023 the 100-participant line counts participants with account balances, which moved many plans to the short form.
Medians compared with all US plans
| Median plan, plan year 2024 | Industry: DC | US: DC | Industry: DB | US: DB |
|---|---|---|---|---|
| Net assets per participant | $81,313 | $53,031 | $123,316 | $86,234 |
| Employer contributions per active participant | $4,026 | $2,174 | $7,239 | $10,244 |
| Schedule C compensation per participant | $193 | $123 | $353 | $344 |
| Schedule C compensation, share of net assets | 0.25% | 0.26% | 0.28% | 0.42% |
| Administrative expenses per participant | $173 | $116 | $357 | $527 |
Medians across plans with 100 or more participants (612 DC and 132 DB plans with a Schedule H here). Fee medians cover plans reporting an amount. DC: defined contribution, such as 401(k) and 403(b). DB: defined benefit pension.
Distribution of DC plans
| Measure | 25th percentile | Median | 75th percentile | Plans |
|---|---|---|---|---|
| Net assets per participant | $61,021 | $81,313 | $109,774 | 612 |
| Employer contributions per active participant | $2,809 | $4,026 | $5,844 | 601 |
| Schedule C compensation per participant | $104 | $193 | $292 | 601 |
| Administrative expenses per participant | $77.79 | $173 | $273 | 607 |
Trend by plan year
| Plan year | Plans 100+ | Participants | Net assets | Employer contributions | Participant contributions | Median DC assets / participant | Median DC Sch. C / participant |
|---|---|---|---|---|---|---|---|
| 2025partial | 151 | 129,273 | $15.1B | $465M | $544M | $109,736 | $188 |
| 2024 | 756 | 426,961 | $41.8B | $1.36B | $1.53B | $81,313 | $193 |
| 2023 | 757 | 419,983 | $37.3B | $1.28B | $1.40B | $72,712 | $170 |
| 2022 | 763 | 404,221 | $31.3B | $1.32B | $1.27B | $62,787 | $165 |
| 2021 | 761 | 383,537 | $36.3B | $1.28B | $1.14B | $77,276 | $183 |
| 2020 | 752 | 367,559 | $31.7B | $1.76B | $1.03B | $67,853 | $148 |
| 2019 | 741 | 353,104 | $26.5B | $1.29B | $893M | $59,382 | $137 |
| 2018 | 715 | 328,964 | $20.8B | $1.01B | $777M | $51,201 | $139 |
| 2017 | 704 | 314,125 | $21.5B | $976M | $702M | $54,319 | $116 |
| 2016 | 705 | 301,348 | $18.3B | $986M | $633M | $48,472 | $98.40 |
| 2015 | 692 | 273,313 | $15.9B | $829M | $550M | $45,917 | $93.81 |
| 2014 | 694 | 262,039 | $15.5B | $707M | $482M | $46,719 | $72.09 |
| 2013 | 692 | 258,777 | $14.8B | $741M | $452M | $44,832 | $51.11 |
| 2012 | 695 | 248,918 | $12.4B | $767M | $407M | $38,581 | $44.42 |
| 2011 | 685 | 237,807 | $10.7B | $765M | $374M | $34,466 | $44.04 |
| 2010 | 684 | 242,475 | $10.2B | $589M | $351M | $33,767 | $37.58 |
| 2009 | 679 | 256,806 | $8.54B | $596M | $333M | $28,211 | $19.48 |
Plan year is the year in which the plan year began. The drop in large plans from 2023 follows a rule change: the 100-participant line now counts participants with account balances, so many plans moved to the short form.
Provider share
Service provider organisations named most often on the Schedule C of the 765 plans on this page's list, by number of plans. A plan usually names several providers.
Largest plans
The 40 largest by participants of 765 plans with a page on this site.
| Plan | Sponsor | State | Type | Participants | Net assets | Per participant | Employer / active | Sch. C / participant |
|---|---|---|---|---|---|---|---|---|
| Navy Federal 401(k) Savings Plan | Navy Federal Credit Union | VA | DC | 29,016 | $4.05B | $139,444 | $5,595 | $41.65 |
| Navy Federal Credit Union Employees' Retirement Plan | Navy Federal Credit Union | VA | DB | 25,626 | $2.27B | $88,602 | $2,344 | $80.30 |
| Retirement Plan for Michigan Credit Union Employees 401(k) Savings Plan | Michigan Credit Union League | MI | DC | 15,666 | $996M | $63,594 | $3,376 | $122 |
| State Employees' Credit Union Retirement Savings Plan | State Employees' Credit Union | NC | DC | 10,159 | $1.57B | $154,373 | $7,085 | $48.18 |
| Mountain America Federal Credit Union 401(k) Plan | Mountain America Federal Credit Union | UT | DC | 4,282 | $247M | $57,660 | $3,120 | $95.04 |
| Pentagon Federal Credit Union Thrift/savings Plan | Pentagon Federal Credit Union | VA | DC | 4,258 | $391M | $91,916 | $4,120 | $96.17 |
| America First Credit Union 401(k) Plan and Trust | America First Credit Union DBA America First Credit Union | UT | DC | 4,018 | $143M | $35,585 | $724 | $93.64 |
| Boeing Employees' Credit Union 401(k) Plan | Boeing Employees Credit Union | WA | DC | 3,897 | $379M | $97,377 | $2,699 | $27.84 |
| Retirement Plan for Employees of Boeing Employees' Credit Union | Boeing Employees' Credit Union | WA | DB | 3,783 | $382M | $100,935 | — | $308 |
| America First Credit Union Pension Plan | America First Credit Union | UT | DB | 3,585 | $600M | $167,262 | $6,185 | $550 |
| Schoolsfirst Federal Credit Union 401(k) Retirement Plan | Schoolsfirst Federal Credit Union | CA | DC | 3,519 | $440M | $125,064 | $5,055 | $89.80 |
| The Golden 1 Employee Savings and Investment Plan | Golden 1 Credit Union | CA | DC | 3,173 | $292M | $91,968 | $4,566 | $5.99 |
| Communityamerica Credit Union 401(k) Savings Plan | Communityamerica Federal Credit Union | KS | DC | 2,965 | $612M | $206,503 | $5,396 | $129 |
| Suncoast Credit Union 401(k) Retirement Plan | Suncoast Credit Union | FL | DC | 2,929 | $233M | $79,628 | $1,216 | $10.11 |
| Banc of California, Inc. 401(k) Plan | Banc of California, Inc. | CA | DC | 2,870 | $378M | $131,590 | $4,438 | $150 |
| Randolph-Brooks Federal Credit Union 401(k) Plan | Randolph-Brooks Federal Credit Union | TX | DC | 2,851 | $324M | $113,721 | $5,715 | $2.73 |
| Communityamerica Credit Union 401(k) Savings Plan | Communityamerica Credit Union | KS | DC | 2,823 | $577M | $204,399 | $6,497 | $122 |
| Vystar Credit Union 401(k) Plan | Vystar Credit Union | FL | DC | 2,789 | $176M | $63,005 | $3,192 | $58.64 |
| Security Service Federal Credit Union Cash Accumulation Plan and Trust | Security Service Federal Credit Union | TX | DC | 2,603 | $364M | $139,744 | $8,283 | $119 |
| Idaho Central Credit Union 401(k) Plan | Idaho Central Credit Union | ID | DC | 2,549 | $99.5M | $39,036 | $1,485 | $111 |
| Global 401(k) Retirement Plan | Global Federal Credit Union | AK | DC | 2,460 | $150M | $60,810 | $2,788 | $138 |
| Digital Federal Credit Union 401(k) Retirement Plan | Digital Federal Credit Union | MA | DC | 2,304 | $221M | $96,065 | $4,573 | $177 |
| Redstone Federal Credit Union Defined Benefit Plan | Redstone Federal Credit Union | AL | DB | 1,802 | $168M | $93,029 | — | — |
| Ent Credit Union 401(k) Retirement Plan | Ent Credit Union | CO | DC | 1,788 | $183M | $102,376 | $6,826 | $62.24 |
| Midflorida Credit Union Capital Accumulation Plan | Midflorida Credit Union | FL | DC | 1,784 | $91.9M | $51,534 | $1,967 | $37.08 |
| Broadview Retirement Savings Plan | Broadview Federal Credit Union | NY | DC | 1,780 | $246M | $138,032 | $7,466 | $48.10 |
| Lake Michigan Credit Union Cash Balance Defined Benefit Plan and Trust | Lake Michigan Credit Union | MI | DB | 1,768 | $50.9M | $28,783 | $3,650 | $92.43 |
| Redstone Federal Credit Union Employees' Savings & Retirement Plan & Trust | Redstone Federal Credit Union | AL | DC | 1,696 | $161M | $94,987 | $4,289 | $113 |
| Wright-Patt Credit Union, Inc. 401(k) Plan and Trust | Wright-Patt Credit Union, Inc. | OH | DC | 1,685 | $138M | $81,763 | $5,344 | $77.84 |
| Space Coast Credit Union 401(k) Savings Plan | Space Coast Credit Union | FL | DC | 1,668 | $75.4M | $45,203 | $2,782 | $34.87 |
| Michigan State University Federal Credit Union | Michigan State University Federal Credit Union | MI | DC | 1,646 | $177M | $107,664 | $6,643 | $170 |
| Desert Financial Credit Union 401(k) Profit Sharing Plan | Desert Financial Credit Union | AZ | DC | 1,626 | $164M | $100,819 | $6,623 | $63.16 |
| SECU/S3 401(k) Retirement Plan | Secu Credit Union | MD | DC | 1,613 | $117M | $72,412 | $6,665 | $144 |
| Idaho Central Credit Union Cash Balance Defined Benefit Plan and Trust | Idaho Central Credit Union | ID | DB | 1,576 | $105M | $66,526 | $7,057 | $82.39 |
| Delta Community Credit Union 401(k) Savings Plan | Delta Community Credit Union | GA | DC | 1,571 | $163M | $104,042 | $5,639 | $47.08 |
| Members 1st Federal Credit Union 401(k) Savings Plan | Members 1st Federal Credit Union | PA | DC | 1,568 | $190M | $120,944 | $7,055 | $184 |
| Onpoint Community Credit Union 401(k) Plan | Onpoint Community Credit Union | OR | DC | 1,548 | $183M | $118,022 | $6,925 | $18.39 |
| San Diego County Credit Union Employees Salary Savings Plan | San Diego County Credit Union | CA | DC | 1,451 | $110M | $76,108 | $3,514 | $37.73 |
| Service Federal Credit Union Profit SHARING/401K Plan | Service Federal Credit Union | NH | DC | 1,379 | $138M | $99,840 | $7,067 | $62.79 |
| Hvcu 401(k) Plan | Hudson Valley Credit Union | NY | DC | 1,365 | $121M | $88,790 | $4,697 | $182 |
By plan size
By state
Questions and answers
How many retirement plans are there in credit unions?
756 plans with 100 or more participants filed Form 5500 for plan year 2024, out of 839 pension plans on the full form. Smaller plans file Form 5500-SF and are counted separately where shown.
What is the typical 401(k) balance in credit unions?
The median defined contribution plan reported $81,313 in net assets per participant (middle half of plans: $61,021 to $109,774); nationally it was $53,031. This is a plan-level average that includes former employees, not a typical person's balance.
What do employers contribute in credit unions?
The median defined contribution plan received $4,026 in employer contributions per active participant, against $2,174 nationally. Plans with no employer contribution are included at zero.
What are average 401(k) fees in credit unions?
Among defined contribution plans that report any Schedule C compensation, the median was $193 per participant and 0.25% of net assets (nationally $123 and 0.26%). Schedule C leaves out fund expense ratios and fees the employer pays, so it understates total cost.
Where does this come from?
Form 5500 annual reports in the EBSA research files, with filings received through 24 Aug 2026. Medians are computed by this site across plans with 100 or more participants.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files, public domain, with filings received through 24 Aug 2026. Totals count every pension plan on the full form; medians and the plan list cover plans with 100 or more participants. See the methodology.