Plan Snapshot
- Plan Sponsor: Credit Union Of Texas
- Sponsor EIN: 750225045
- Sponsor Address: 900 W. BETHANY, ALLEN, TX, 75013
- Plan Type: 401(k)
- Total Participants: 582
- Total Assets: $26.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 582 | $26.7M | $1.6M | $2.4M |
| 2023 | 555 | $21.7M | $1.4M | $2.1M |
| 2022 | 546 | $16.3M | $527,990 | $841,945 |
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 | $56,663 | — | $56,663 |
| CREATIVE PLANNING, LLC | Investment Advisor | $43,945 | — | $43,945 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CREATIVE PLANNING, LLC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $100,608
- Estimated Expense Ratio: 0.376% 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 | $100,744 | $43,896 | $56,848 | — | — |
| 2023 | $82,295 | $33,583 | $48,712 | — | — |
| 2022 | $21,082 | $4,609 | $16,473 | — | — |