Plan Snapshot
- Plan Sponsor: Amplify Credit Union
- Sponsor EIN: 741592875
- Sponsor Address: 3600 W PARMER LANE, SUITE 105, AUSTIN, TX, 78727
- Plan Type: 401(k)
- Total Participants: 210
- Total Assets: $24.2M
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 | 210 | $24.2M | $760,965 | $1.3M |
| 2023 | 200 | $22.3M | $813,063 | $1.5M |
| 2022 | 248 | $19.4M | $967,754 | $1.7M |
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 |
|---|---|---|---|---|
| STANCORP FINANCIAL GROUP | NONE | $59,028 | — | $59,028 |
| GALLAGHER FIDUCIARY ADVISORS, LLC | NONE | $45,180 | — | $45,180 |
| DOEREN MAYHEW ASSURANCE | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STANCORP FINANCIAL GROUP — NONE
- GALLAGHER FIDUCIARY ADVISORS, LLC — NONE
- DOEREN MAYHEW ASSURANCE — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $104,208
- Estimated Expense Ratio: 0.431% 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 | $56,498 | $45,180 | — | — | — |
| 2023 | $11,340 | — | $11,340 | — | — |
| 2022 | $3,924 | — | $3,924 | — | — |