# Commonwealth Credit Union, INC. 401(k) Plan
Source: https://planprovider.pro/companies/commonwealth-credit-union-inc-401k-plan-001

> Commonwealth Credit Union, INC.'s 401(k) plan: 358 participants, plan year 2023 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2023.

## Plan Snapshot

- **Plan Sponsor:** Commonwealth Credit Union, INC.

- **Sponsor EIN:** 610671028

- **Sponsor Address:** PO BOX 978, FRANKFORT, KY, 406020978

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

- **Total Participants:** 358

- **Total Assets:** $17.0M

## 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.|

| 2023|358|$17.0M|$273,999|$1.8M|

| 2022|338|$14.0M|$479,244|$1.5M|

## 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|

| PRINCIPAL LIFE INSURANCE COMPANY|CONTRACT ADMINISTRATOR|$77,916|—|$77,916|

| DOEREN MAYHEW & CO., P.C. CO.|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [DOEREN MAYHEW & CO., P.C. CO.](https://planprovider.pro/provider/doeren-mayhew-assurance) — Auditor

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $77,916

- **Estimated Expense Ratio:** 0.457% 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|

| 2023|$38,958|—|$38,958|—|—|

| 2022|$34,172|—|$34,172|—|—|

## Similar Plans

- [Abound Federal Credit Union](https://planprovider.pro/companies/abound-federal-credit-union-401k-plan) — 349 participants

- [Commonwealth Credit Union, INC.](https://planprovider.pro/companies/commonwealth-credit-union-inc-401k-plan-005) — 372 participants

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