Plan Snapshot
- Plan Sponsor: Abound Federal Credit Union
- Sponsor EIN: 610549068
- Sponsor Address: 3939 SOUTH DIXIE BOULEVARD, RADCLIFF, KY, 40160
- Plan Type: 401(k)
- Total Participants: 349
- Total Assets: $12.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 349 | $12.6M | $190,821 | $1.2M |
| 2023 | 337 | $10.2M | $177,461 | $1.1M |
| 2022 | 319 | $10.0M | $157,351 | $911,470 |
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 |
|---|---|---|---|---|
| DEMING, MALONE, LIVESAY & OSTROFF | Auditor | — | — | $0 |
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 | $34,375 | $11,186 | $10,565 | — | — |
| 2023 | $27,196 | $8,538 | $8,697 | — | — |
| 2022 | $27,975 | $7,125 | $20,850 | — | — |