Plan Snapshot
- Plan Sponsor: Cyprus Federal Credit Union
- Sponsor EIN: 870127320
- Sponsor Address: PO BOX 9002, WEST JORDAN, UT, 840849002
- Plan Type: 401(k)
- Total Participants: 440
- Total Assets: $23.4M
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 | 440 | $23.4M | $805,747 | $1.6M |
| 2023 | 434 | $20.9M | $755,928 | $1.5M |
| 2022 | 438 | $17.4M | $708,892 | $1.4M |
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 |
|---|---|---|---|---|
| CMP, PC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $92,865 | $21,165 | $63,233 | — | — |
| 2023 | $77,001 | $17,253 | $52,305 | — | — |
| 2022 | $76,453 | $15,435 | $61,018 | — | — |