Plan Snapshot
- Plan Sponsor: Credit Union One
- Sponsor EIN: 380536242
- Sponsor Address: 400 EAST 9 MILE ROAD, FERNDALE, MI, 482201774
- Plan Type: 401(k)
- Total Participants: 338
- Total Assets: $30.6M
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 | 338 | $30.6M | $411,880 | $1.9M |
| 2023 | 328 | $27.6M | $459,401 | $1.7M |
| 2022 | 325 | $23.2M | $394,840 | $1.6M |
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 | $63,174 | — | $63,174 |
| HANTZ FINANCIAL SERVICES INC | INVESTMENT ADVISOR | $43,609 | — | $43,609 |
| DOEREN MAYHEW ASSURANCE | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- DOEREN MAYHEW ASSURANCE — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $106,783
- Estimated Expense Ratio: 0.349% 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 | $109,513 | $46,339 | — | — | — |
| 2023 | $90,841 | $37,461 | — | — | — |
| 2022 | $63,326 | $38,882 | $24,444 | — | — |