Power Financial Credit Union 401(k) match, vesting and fees
What Power Financial 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 | Nationwide | 2023 Schedule C ↗ |
| Independent auditor | Doeren Mayhew Assurance (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
The recordkeeper is from the plan year 2023 filing, the latest that names one. The other rows are from the plan year 2024 filing.
How the plan compares
Plan year 2024 medians for 3,409 defined-contribution plans in finance and insurance with 100 to 499 participants.
| Power Financial Credit Union: employer contribution per participant | $2,525 | |
| Peer median | $2,868 |
| Power Financial Credit Union: average balance | $123,629 | |
| Peer median | $95,281 |
| Power Financial Credit Union: admin expenses ÷ assets | 0.08% | |
| 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 $15.4M at the end of plan year 2021 to $17.8M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 182 | $17.8M | $364K | $2,525 | 0.08% | Not published | Form 5500 ↗ |
| 2023 | 170 | $15.3M | $339K | $2,495 | 0.03% | Not published | Form 5500 ↗ |
| 2022 | 173 | $13.8M | $330K | $1,906 | 0.02% | Not published | Form 5500 ↗ |
| 2021 | 168 | $15.4M | $331K | $2,270 | 0.03% | Not published | Form 5500 ↗ |
Other Power Financial Credit Union plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
The Retirement Plan of Power Financial Credit Union
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.
| Independent auditor | Doeren Mayhew Assurance (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Common questions
Does Power Financial Credit Union match 401(k) contributions?
The match terms for the Power Financial Credit Union 401(k) Plan have not been published from its filing yet. The plan year 2024 filing reports $364K in employer contributions, about $2,525 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Power Financial Credit Union 401(k) match vested?
The vesting schedule for the Power Financial Credit Union 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Power Financial Credit Union 401(k)?
The recordkeeper listed on Schedule C of the plan year 2023 filing is Nationwide. The plan administrator is Power Financial Credit Union.
I left Power Financial Credit Union. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Power Financial Credit Union, (954) 538-4412) or the recordkeeper, Nationwide. The Power Financial Credit Union old 401(k) page lists the contacts from every plan filing. Find an old Power Financial Credit Union 401(k)
Data from the public Form 5500 annual reports Power Financial 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 Power Financial Credit Union. Not financial advice. Report a correction · Methodology