Plan Snapshot
- Plan Sponsor: Avadian Credit Union
- Sponsor EIN: 630207315
- Sponsor Address: P.O. BOX 360287, BIRMINGHAM, AL, 352360287
- Plan Type: 401(k)
- Total Participants: 277
- Total Assets: $25.6M
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 | 277 | $25.6M | $857,892 | $1.3M |
| 2023 | 267 | $21.8M | $779,374 | $1.2M |
| 2022 | 259 | $17.7M | $688,157 | $1.0M |
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 |
|---|---|---|---|---|
| BMSS, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BMSS, LLC — 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 | $81,323 | $48,750 | — | — | — |
| 2023 | $60,271 | $31,250 | — | — | — |
| 2022 | $83,496 | — | $83,496 | — | — |