# Abound Federal Credit Union 401(k) Plan
Source: https://planprovider.pro/companies/abound-federal-credit-union-401k-plan

> Abound Federal Credit Union's 401(k) plan: 349 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

| CMFG LIFE INSURANCE COMPANY|NONE|$23,189|—|$23,189|

| MEMBERS CAPITAL ADVISORS, INC.|NONE|$11,186|—|$11,186|

| DEMING, MALONE, LIVESAY & OSTROFF|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [CMFG LIFE INSURANCE COMPANY](https://planprovider.pro/provider/trustage) — NONE

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $34,375

- **Estimated Expense Ratio:** 0.272% of plan assets

### 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|—|—|

## Similar Plans

- [Commonwealth Credit Union, INC.](https://planprovider.pro/companies/commonwealth-credit-union-inc-401k-plan-001) — 358 participants

- [Commonwealth Credit Union, INC.](https://planprovider.pro/companies/commonwealth-credit-union-inc-401k-plan-005) — 372 participants

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