Retirement plan

RIVER VALLEY CREDIT UNION, INC. 401(K) PLAN

Name: RIVER VALLEY CREDIT UNION, INC. - RIVER VALLEY CREDIT UNION, INC. 401(K) PLAN (2024) Form 5500
Creator: RIVER VALLEY CREDIT UNION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RIVER VALLEY CREDIT UNION, INC. 401(K) PLAN, RIVER VALLEY CREDIT UNION, INC.

RIVER VALLEY CREDIT UNION, INC.EIN 31-0547898Plan #001PY 2024

505 EARL BOULEVARD - MIAMISBURG, OH 45342937-859-6260rivervalleycu.orgLinkedIn51-200 employeesbanking

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$8.7M

+12.7% from 2023

Total participants

-2.2% from 2023

Average account balance

$95,839

+15.2% from 2023

Annual return

11.91%

-2.77 pp from 2023

Benchmarks

See 7,159 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,159 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$7.56M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$93K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

126.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$654K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+12.05%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$35417

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

0 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2G2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$663K

$8615 / participant

Other / not subdivided$663K100.0%

% of EOY assets

7.606%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$95,839

$138,366-30.7%

$184,185-48.0%

$80,911+18.5%

Participation rate

100.0%

83.9%+16.1pp

86.8%+13.2pp

67.6%+32.4pp

Annual return

11.91%

20.02%-8.1pp

28.81%-16.9pp

35.63%-23.7pp

Employer contribution / active EE

$5,883

$4,849+21.3%

$6,426-8.4%

$2,756+113.5%

Participant deferral / active EE

$3,472

$7,074-50.9%

$9,132-62.0%

$4,297-19.2%

Admin fee / account holder

$7,289

$10,484-30.5%

$13,909-47.6%

$6,935+5.1%

RIVER VALLEY CREDIT UNION, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RIVER VALLEY CREDIT UNION, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion