Plan Snapshot
- Plan Sponsor: Atlantic Federal Credit Union
- Sponsor EIN: 010211682
- Sponsor Address: PO BOX 188, BRUNSWICK, ME, 040110188
- Plan Type: 401(k)
- Total Participants: 178
- Total Assets: $28.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 178 | $28.5M | $1.3M | $920,952 |
| 2023 | 181 | $27.1M | $1.3M | $960,226 |
| 2022 | 194 | $23.2M | $1.3M | $993,863 |
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 |
|---|---|---|---|---|
| WOLF & COMPANY, P.C. | Auditor | — | — | $0 |
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 | $77,743 | $24,575 | $45,887 | — | — |
| 2023 | $65,507 | $20,811 | $38,361 | — | — |
| 2022 | $54,885 | $24,459 | $30,426 | — | — |