Plan Snapshot
- Plan Sponsor: Advancial Federal Credit Union
- Sponsor EIN: 750793299
- Sponsor Address: 10000 N CENTRAL EXPRESSWAY, DALLAS, TX, 752312319
- Plan Type: 401(k)
- Total Participants: 303
- Total Assets: $57.0M
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: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 303 | $57.0M | $1.9M | $1.8M |
| 2023 | 287 | $47.7M | $1.7M | $1.6M |
| 2022 | 255 | $38.4M | $1.4M | $1.4M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $70,454 | — | $70,454 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $70,454
- Estimated Expense Ratio: 0.124% 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 | $70,454 | — | $70,454 | — | — |
| 2023 | $57,016 | — | $57,016 | — | — |
| 2022 | $56,653 | — | $54,932 | — | $1,721 |