Teachers Federal Credit Union 401(k) Review & Grade
Teachers Federal Credit Union Cash Or Deferred Compensation Plan
Hauppauge, NYFinance & Insurance868 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,498Employer $ per active participant
$5,130Employee $ saved per active participant
0.23%Direct admin cost, % of plan assets
$73.2MNet plan assets, end of year
$67,154Average balance per account
Score breakdown
- Employer generosity7.0 / 5014th percentile for employer $ per participant
- Low cost12.5 / 2550th percentile for low admin cost vs. same-size plans
- Employee saving3.8 / 1525th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score33 / 100 · Grade D
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 14th |
| Lower admin cost | 50th |
| Employee saving | 25th |
| 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
- Teachers Federal Credit Union put in about $1,498 per active participant, below the typical peer ($3,606). 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 | $1,301,212 |
| Participant (employee) contributions | $4,455,486 |
| Other contributions (incl. rollovers in) | $636,049 |
| Administrative expenses paid from the plan | $159,749 |
| Benefits paid out | $8,905,399 |
| Net assets, start / end of year | $66.4M / $73.2M |
| Active participants, start / end of year | 863 / 874 |
| Participants with account balances | 1,090 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Wolf & Company, P. C. |
Largest service providers (Schedule C)
| Merrill Lynch, Pierce, Fenner and S | $159,749 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015162311NAL0005114257001, received 2025-10-15, EIN 11-1751016, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.