Plan Snapshot
- Plan Sponsor: Border Federal Credit Union
- Sponsor EIN: 741245535
- Sponsor Address: 2211 N. BEDELL AVENUE, DEL RIO, TX, 78840
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 153
- Total Assets: $11.4M
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. |
|---|---|---|---|---|
| 2025 | 153 | $11.4M | $0 | $0 |
| 2024 | 111 | $10.2M | $430,581 | $440,553 |
| 2023 | 91 | $8.6M | $338,199 | $362,296 |
| 2022 | 82 | $6.9M | $293,041 | $307,768 |
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 | $70,157 | — | $70,157 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $70,157
- Estimated Expense Ratio: 0.614% 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 | $1,195,866 | — | $2,441 | — | — |
| 2024 | $414,764 | — | — | — | — |
| 2023 | $135,754 | — | — | — | — |
| 2022 | $1,090 | — | $1,090 | — | — |