# Beacon Credit Union DB Plan
Source: https://planprovider.pro/companies/beacon-credit-union-plan-002

> Beacon Credit Union's DB plan: 171 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 S. WABASH ST., WABASH, IN, 46992

- **Plan Type:** DB

- **Total Participants:** 171

- **Total Assets:** $35.5M

## Key Plan Design Features

- **Auto-Enrollment:** No

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** No

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|171|$35.5M|$2.0M|$0|

| 2023|184|$31.3M|$2.0M|$0|

| 2022|198|$27.2M|$0|$0|

## 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|$79,200|—|$79,200|

| LION STREET ADVISORS, LLC|INVESTMENT ADVISORY|$49,662|—|$49,662|

| BEACON CREDIT UNION|OTHER SERVICES|—|$6,930|$6,930|

| FORVIS MAZARS, LLP|ACCOUNTANT|—|$6,930|$6,930|

### Verified Provider Profiles

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

- [LION STREET ADVISORS, LLC](https://planprovider.pro/provider/lion-street) — INVESTMENT ADVISORY

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

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $142,722

- **Estimated Expense Ratio:** 0.403% 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|$129,162|$49,662|$79,500|—|—|

| 2023|$122,571|$41,873|$80,698|—|—|

| 2022|$143,834|$56,437|$81,180|—|$6,217|

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