Mountain America Federal Credit Union 401(k) Review & Grade
Mountain America Federal Credit Union 401(k) Plan
Sandy, UTFinance & Insurance3,398 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,227Employer $ per active participant
$4,729Employee $ saved per active participant
0.18%Direct admin cost, % of plan assets
$246.9MNet plan assets, end of year
$59,494Average balance per account
Score breakdown
- Employer generosity16.2 / 5032th percentile for employer $ per participant
- Low cost9.6 / 2539th percentile for low admin cost vs. same-size plans
- Employee saving1.3 / 159th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score34 / 100 · Grade D
This plan vs. peers
Peers: Finance & Insurance plans with 2,500–9,999 active participants (199 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 32th |
| Lower admin cost | 39th |
| Employee saving | 9th |
| Peers that auto-enroll | 66% |
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Red flags from the filing
Corrective distributions: the plan refunded $1,066 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Mountain America Federal Credit Union put in about $3,227 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.
- 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 | $10,964,025 |
| Participant (employee) contributions | $16,067,246 |
| Other contributions (incl. rollovers in) | $3,127,511 |
| Administrative expenses paid from the plan | $406,577 |
| Contract administrator fees | $900 |
| Investment advisory & management fees | $39,477 |
| Other admin expenses | $37,500 |
| Benefits paid out | $18,037,997 |
| Net assets, start / end of year | $206.0M / $246.9M |
| Active participants, start / end of year | 3,281 / 3,514 |
| Participants with account balances | 4,150 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $329,978 reported compensation |
| Strategic Advisors, Inc. | $39,476 reported compensation |
| Onedigital Investment Advisors LLC | $37,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250923092710NAL0007790739001, received 2025-09-23, EIN 87-0172956, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.