Plan Snapshot
- Plan Sponsor: Community Choice Credit Union
- Sponsor EIN: 380960035
- Sponsor Address: 31155 NORTHWESTERN HWY, FARMINGTON HILLS, MI, 483342502
- Plan Type: 401(k)
- Total Participants: 419
- Total Assets: $39.9M
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 | 419 | $39.9M | $1.2M | $2.3M |
| 2023 | 406 | $33.7M | $1.1M | $2.1M |
| 2022 | 384 | $27.2M | $949,117 | $1.9M |
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 |
|---|---|---|---|---|
| CPI QUALIFIED PLAN CONSULTANTS, INC | NONE | $66,796 | — | $66,796 |
| LPL FINANCIAL LLC | NONE | $60,497 | — | $60,497 |
| DOEREN MAYHEW ASSURANCE | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CPI QUALIFIED PLAN CONSULTANTS, INC — NONE
- LPL FINANCIAL LLC — NONE
- DOEREN MAYHEW ASSURANCE — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $127,293
- Estimated Expense Ratio: 0.319% 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 | $127,293 | $60,497 | $20,018 | — | — |
| 2023 | $114,529 | $49,383 | $21,912 | — | — |
| 2022 | $100,515 | $71,876 | $28,639 | — | — |