# Beacon Credit Union 401(k) Plan
Source: https://planprovider.pro/companies/beacon-credit-union-401k-plan

> Beacon Credit Union's 401(k) plan: 271 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Beacon Credit Union

- **Sponsor EIN:** 356025844

- **Sponsor Address:** 586 SOUTH WABASH STREET, WABASH, IN, 46992

- **Plan Type:** 401(k)

- **Total Participants:** 271

- **Total Assets:** $16.0M

## 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|271|$16.0M|$363,302|$1.4M|

| 2023|256|$13.2M|$335,909|$1.3M|

| 2022|252|$10.6M|$287,509|$1.2M|

## 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|

| PRINCIPAL LIFE INSURANCE COMPANY|CONTRACT ADMINISTRATOR|$41,101|—|$41,101|

| LION STREET ADVISORS|INVESTMENT ADVISORY|$35,441|$11|$35,452|

| FORVIS MAZARS, LLP|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [FORVIS MAZARS, LLP](https://planprovider.pro/provider/forvis-mazars-llp) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $76,553

- **Estimated Expense Ratio:** 0.479% 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|$76,549|$35,447|$41,102|—|—|

| 2023|$60,481|$28,099|$32,382|—|—|

| 2022|$58,657|$26,467|$32,190|—|—|

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