Elga Credit Union 401(k) match, vesting and fees
What Elga 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 | Fidelity Investments Institutional | Schedule C ↗ |
| Independent auditor | Rehmann Robson LLC (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
How the plan compares
Plan year 2024 medians for 3,409 defined-contribution plans in finance and insurance with 100 to 499 participants.
| Elga Credit Union: employer contribution per participant | $3,856 | |
| Peer median | $2,868 |
| Elga Credit Union: average balance | $90,725 | |
| Peer median | $95,281 |
| Elga Credit Union: admin expenses ÷ assets | 0.27% | |
| 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 $25M at the end of plan year 2021 to $29.5M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 340 | $29.5M | $1.3M | $3,856 | 0.27% | Not published | Form 5500 ↗ |
| 2023 | 312 | $25.2M | $1.1M | $3,853 | 0.35% | Not published | Form 5500 ↗ |
| 2022 | 255 | $19.6M | $962K | $3,880 | 0.49% | Not published | Form 5500 ↗ |
| 2021 | 235 | $25M | $869K | $3,779 | 0.47% | Not published | Form 5500 ↗ |
Common questions
Does Elga Credit Union match 401(k) contributions?
The match terms for the Elga Credit Union Employee'S 401(k) Plan have not been published from its filing yet. The plan year 2024 filing reports $1.3M in employer contributions, about $3,856 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Elga Credit Union 401(k) match vested?
The vesting schedule for the Elga Credit Union Employee'S 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Elga Credit Union 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Fidelity Investments Institutional. The plan administrator is Elga Credit Union.
I left Elga Credit Union. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Elga Credit Union, (810) 600-2520) or the recordkeeper, Fidelity Investments Institutional. The Elga Credit Union old 401(k) page lists the contacts from every plan filing. Find an old Elga Credit Union 401(k)
Data from the public Form 5500 annual reports Elga 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 Elga Credit Union. Not financial advice. Report a correction · Methodology