# Centric Federal Credit Union 401(k) Plan
Source: https://planprovider.pro/companies/centric-federal-credit-union-401k-plan

> Centric Federal Credit Union's 401(k) plan: 119 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Centric Federal Credit Union

- **Sponsor EIN:** 720488612

- **Sponsor Address:** PO BOX 2456, WEST MONROE, LA, 712942456

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

- **Total Participants:** 119

- **Total Assets:** $8.2M

## 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|119|$8.2M|$145,637|$303,307|

| 2023|116|$6.8M|$226,736|$292,541|

| 2022|119|$5.9M|$273,316|$301,183|

## 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|

| GRIFFIN AND FURMAN, LLC|Auditor|—|—|$0|

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $0

### 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|$32,319|—|$27,658|—|—|

| 2023|$27,544|—|$22,802|—|—|

| 2022|—|—|—|—|—|

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