# Alabama State Employees Credit Union DB Plan
Source: https://planprovider.pro/companies/alabama-state-employees-credit-union-plan

> Alabama State Employees Credit Union's DB plan: 90 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Alabama State Employees Credit Union

- **Sponsor EIN:** 630348156

- **Sponsor Address:** 4217 LOMAC ST, MONTGOMERY, AL, 361062816

- **Plan Type:** DB

- **Total Participants:** 90

- **Total Assets:** $9.9M

## 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|90|$9.9M|$0|$0|

| 2023|86|$9.2M|$0|$0|

| 2022|80|$8.4M|$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|

| WARREN AVERETT, LLC|Auditor|$7,500|—|$7,500|

### Verified Provider Profiles

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

- [WARREN AVERETT, LLC](https://planprovider.pro/provider/warren-averett-llc) — Auditor

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $7,500

- **Estimated Expense Ratio:** 0.076% 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|$36,567|$7,018|$18,680|$7,500|—|

| 2023|$45,978|$4,496|$15,285|$23,500|—|

| 2022|$33,504|$4,471|$29,033|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/alabama-state-employees-credit-union-plan)

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