Plan Snapshot
- Plan Sponsor: Carolinas Telco Federal Credit Union
- Sponsor EIN: 560166559
- Sponsor Address: PO BOX 668467, CHARLOTTE, NC, 28266
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 127
- Total Assets: $14.8M
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 | 127 | $14.8M | $0 | $0 |
| 2024 | 83 | $13.9M | $265,394 | $474,753 |
| 2023 | 116 | $13.2M | $263,160 | $454,342 |
| 2022 | 108 | $11.4M | $197,900 | $355,241 |
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 |
|---|---|---|---|---|
| CMFG LIFE INSURANCE COMPANY | Other Service Provider | $34,953 | — | $34,953 |
| MEMBERS CAPITAL ADVISORS, INC. | Other Service Provider | $12,731 | — | $12,731 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $47,684
- Estimated Expense Ratio: 0.322% 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 | $1,685,985 | $12,731 | $29,861 | — | — |
| 2024 | $45,983 | $12,017 | $29,160 | — | — |
| 2023 | $39,442 | $10,755 | $24,385 | — | — |
| 2022 | $38,005 | $9,880 | $28,125 | — | — |