Utah Community Credit Union 401(k) Review & Grade
Utah Community Federal Credit Union Retirement Plan
Provo, UTFinance & Insurance522 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,376Employer $ per active participant
$2,333Employee $ saved per active participant
0.33%Direct admin cost, % of plan assets
$38.8MNet plan assets, end of year
$61,452Average balance per account
Score breakdown
- Employer generosity30.7 / 5061th percentile for employer $ per participant
- Low cost9.3 / 2537th percentile for low admin cost vs. same-size plans
- Employee saving0.8 / 155th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score44 / 100 · Grade D
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 61th |
| Lower admin cost | 37th |
| Employee saving | 5th |
| Peers that auto-enroll | 62% |
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
- Utah Community Credit Union put in about $4,376 per active participant, more than the typical peer ($3,606). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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.
- 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 | $2,286,476 |
| Participant (employee) contributions | $1,218,859 |
| Other contributions (incl. rollovers in) | $13,725 |
| Administrative expenses paid from the plan | $119,864 |
| Investment advisory & management fees | $51,000 |
| Benefits paid out | $3,507,809 |
| Net assets, start / end of year | $34.2M / $38.8M |
| Active participants, start / end of year | 480 / 565 |
| Participants with account balances | 631 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Squire & Co., PC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $68,861 reported compensation |
| Onedigital Investment Advisors LLC | $51,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250618114951NAL0003391712001, received 2025-06-18, EIN 87-0231088, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.