Plan Snapshot
- Plan Sponsor: Commonwealth Federal Credit Union Dba Commonwealth Credit Union
- Sponsor EIN: 610671028
- Sponsor Address: 417 HIGH STREET, FRANKFORT, KY, 406020978
- Plan Type: DB
- Total Participants: 130
- Total Assets: $59.0M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 130 | $59.0M | $0 | $0 |
| 2023 | 137 | $55.7M | $0 | $0 |
| 2022 | 144 | $49.0M | $0 | $0 |
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 | Recordkeeper | $80,108 | — | $80,108 |
| PRINCIPAL GLOBAL INVESTORS, LLC | Investment Advisor | $25,338 | — | $25,338 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $105,446
- Estimated Expense Ratio: 0.179% 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 | $105,446 | $25,338 | $80,108 | — | — |
| 2023 | $93,623 | $23,523 | $70,100 | — | — |
| 2022 | $94,436 | $23,786 | $70,650 | — | — |