Plan Snapshot
- Plan Sponsor: Cobalt Credit Union
- Sponsor EIN: 047036486
- Sponsor Address: 7148 TOWNE CENTER PARKWAY, PAPILLION, NE, 68046
- Plan Type: 401(k)
- Total Participants: 262
- Total Assets: $19.6M
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. |
|---|---|---|---|---|
| 2024 | 262 | $19.6M | $745,143 | $1.0M |
| 2023 | 244 | $16.2M | $589,506 | $949,071 |
| 2022 | 250 | $14.2M | $531,497 | $850,818 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $70,209 | — | $70,209 |
| GROVE POINT ADVISORS LLC | Investment Advisor | $63,684 | — | $63,684 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $133,893
- Estimated Expense Ratio: 0.683% 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 | $92,465 | $22,256 | — | — | — |
| 2023 | $86,032 | $30,160 | — | — | — |
| 2022 | $58,640 | — | $58,640 | — | — |