Plan Snapshot
- Plan Sponsor: 1st Advantage Federal Credit Union
- Sponsor EIN: 540623618
- Sponsor Address: 110 CYBERNETICS WAY, YORKTOWN, VA, 23693
- Plan Type: 401(k)
- Total Participants: 207
- Total Assets: $21.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 207 | $21.2M | $588,622 | $1.0M |
| 2023 | 198 | $19.6M | $558,819 | $958,946 |
| 2022 | 190 | $17.6M | $496,346 | $881,357 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| DOEREN MAYHEW ASSURANCE | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- DOEREN MAYHEW ASSURANCE — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $123,506 | $50,448 | — | — | — |
| 2023 | $68,999 | $45,258 | $23,678 | — | — |
| 2022 | $90,772 | $47,783 | $42,279 | — | — |