Beacon Credit Union 401(k) match, vesting and fees
What Beacon Credit Union's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Principal Life Insurance Company | Schedule C ↗ |
| Independent auditor | Forvis Mazars, LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 3,409 defined-contribution plans in finance and insurance with 100 to 499 participants.
| Beacon Credit Union: employer contribution per participant | $1,302 | |
| Peer median | $2,868 |
| Beacon Credit Union: average balance | $57,230 | |
| Peer median | $95,281 |
| Beacon Credit Union: admin expenses ÷ assets | 0.52% | |
| Peer median | 0.22% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $12.4M at the end of plan year 2021 to $16M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 291 | $16M | $363K | $1,302 | 0.52% | Not published | Form 5500 ↗ |
| 2023 | 284 | $13.2M | $336K | $1,226 | 0.51% | Not published | Form 5500 ↗ |
| 2022 | 286 | $10.5M | $288K | $1,027 | 0.51% | Not published | Form 5500 ↗ |
| 2021 | 288 | $12.4M | — | — | 0.48% | Not published | Form 5500 ↗ |
Other Beacon Credit Union plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Beacon Credit Union Cash Balance Defined Benefit Plan and Trust
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Principal Life Insurance Company | Schedule C ↗ |
| Independent auditor | Forvis Mazars, LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Common questions
Does Beacon Credit Union match 401(k) contributions?
The match terms for the Beacon Credit Union 401(k) Plan and Trust have not been published from its filing yet. The plan year 2024 filing reports $363K in employer contributions, about $1,302 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Beacon Credit Union 401(k) match vested?
The vesting schedule for the Beacon Credit Union 401(k) Plan and Trust is not in the data published so far. Your Summary Plan Description states it.
Who manages the Beacon Credit Union 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Principal Life Insurance Company. The plan administrator is Beacon Credit Union.
I left Beacon Credit Union. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Beacon Credit Union, (260) 563-7443) or the recordkeeper, Principal Life Insurance Company. The Beacon Credit Union old 401(k) page lists the contacts from every plan filing. Find an old Beacon Credit Union 401(k)
Data from the public Form 5500 annual reports Beacon Credit Union filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Beacon Credit Union. Not financial advice. Report a correction · Methodology