Plan Snapshot
- Plan Sponsor: Bmi Federal Credit Union
- Sponsor EIN: 314379741
- Sponsor Address: 6165 EMERALD PARKWAY, DUBLIN, OH, 43016
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 128
- Total Assets: $23.0M
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. |
|---|---|---|---|---|
| 2025 | 128 | $23.0M | $0 | $0 |
| 2024 | 96 | $20.0M | $625,217 | $601,716 |
| 2023 | 96 | $18.1M | $594,448 | $613,995 |
| 2022 | 94 | $16.1M | $574,476 | $621,116 |
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 |
|---|---|---|---|---|
| STANCORP FINANCIAL GROUP | Other Service Provider | $80,117 | — | $80,117 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $80,117
- Estimated Expense Ratio: 0.349% 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 |
|---|---|---|---|---|---|
| 2025 | $1,101,741 | — | $3,788 | — | — |
| 2024 | $9,115 | — | $9,115 | — | — |
| 2023 | $5,735 | — | $5,735 | — | — |
| 2022 | $6,690 | — | $6,690 | — | — |