America First Credit Union DBA America First Credit Union 401(k) Review & Grade
America First Credit Union 401(k) Plan and Trust
Riverdale, UTFinance & Insurance3,228 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$763Employer $ per active participant
$3,934Employee $ saved per active participant
0.29%Direct admin cost, % of plan assets
$143.0MNet plan assets, end of year
$39,248Average balance per account
Score breakdown
- Employer generosity2.8 / 506th percentile for employer $ per participant
- Low cost6.0 / 2524th percentile for low admin cost vs. same-size plans
- Employee saving0.5 / 154th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score19 / 100 · Grade F
This plan vs. peers
Peers: Finance & Insurance plans with 2,500–9,999 active participants (199 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 6th |
| Lower admin cost | 24th |
| Employee saving | 4th |
| Peers that auto-enroll | 66% |
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
- America First Credit Union DBA America First Credit Union put in about $763 per active participant, below the typical peer ($4,489). 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.
- Direct plan expenses (0.29% of assets) are well above similar-size plans (0.12%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $2,462,887 |
| Participant (employee) contributions | $12,700,014 |
| Other contributions (incl. rollovers in) | $396,155 |
| Administrative expenses paid from the plan | $376,255 |
| Investment advisory & management fees | $66,834 |
| Benefits paid out | $7,477,003 |
| Net assets, start / end of year | $118.5M / $143.0M |
| Active participants, start / end of year | 3,054 / 3,403 |
| Participants with account balances | 3,643 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Deloitte & Touche LLP |
Largest service providers (Schedule C)
| Milliman Inc. | $287,279 reported compensation |
| Morgan Stanley & Co. LLC | $66,834 reported compensation |
| Charles Schwab Trust Bank | $22,144 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013140831NAL0000691763001, received 2025-10-13, EIN 87-0216202, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.