Plan Snapshot
- Plan Sponsor: Ardent Federal Credit Union
- Sponsor EIN: 232088266
- Sponsor Address: 1500 SPRING GARDEN STREET, PHILADELPHIA, PA, 19130
- Plan Type: 401(k)
- Total Participants: 107
- Total Assets: $14.4M
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 | 107 | $14.4M | $394,033 | $530,516 |
| 2023 | 118 | $12.3M | $433,258 | $558,801 |
| 2022 | 109 | $11.0M | $436,626 | $600,908 |
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 |
|---|---|---|---|---|
| DOREEN MAYHEW ASSURANCE | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- DOREEN MAYHEW ASSURANCE — Auditor
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 | $36,435 | $26,149 | $10,286 | — | — |
| 2023 | $28,364 | $22,396 | $5,968 | — | — |
| 2022 | $38,805 | $30,722 | $8,083 | — | — |