Plan Snapshot
- Plan Sponsor: Andrews Federal Credit Union
- Sponsor EIN: 530197903
- Sponsor Address: 5711 ALLENTOWN ROAD, SUITLAND, MD, 20746
- Plan Type: 401(k)
- Total Participants: 341
- Total Assets: $31.7M
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 | 341 | $31.7M | $1.4M | $2.0M |
| 2023 | 298 | $26.8M | $1.2M | $1.8M |
| 2022 | 283 | $22.5M | $1.1M | $1.6M |
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 |
|---|---|---|---|---|
| FIDELITY WORKPLACE SERVICES LLC | PLAN ADMINISTRATOR | $41,990 | — | $41,990 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $9,120 | — | $9,120 |
| DOEREN MAYHEW ASSURANCE | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STRATEGIC ADVISORS, INC. — ADVISOR
- DOEREN MAYHEW ASSURANCE — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $51,110
- Estimated Expense Ratio: 0.161% 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 | $51,110 | $9,120 | — | — | — |
| 2023 | $43,831 | $6,819 | — | — | — |
| 2022 | $44,696 | $7,147 | — | — | — |