Plan Snapshot
- Plan Sponsor: Abound Federal Credit Union
- Sponsor EIN: 610549068
- Sponsor Address: 3939 S DIXIE BLVD, RADCLIFF, KY, 40160
- Plan Type: DB
- Total Participants: 292
- Total Assets: $43.9M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 292 | $43.9M | $7.0M | $0 |
| 2023 | 281 | $33.9M | $0 | $0 |
| 2022 | 236 | $29.8M | $0 | $0 |
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 | $82,748 | $33,099 | $43,029 | — | — |
| 2023 | $73,422 | $29,369 | $38,180 | — | — |
| 2022 | $60,800 | $20,267 | $40,533 | — | — |