Plan Snapshot
- Plan Sponsor: Department Of Commerce Federal Credit Union
- Sponsor EIN: 530056498
- Sponsor Address: 1401 CONSTITUTION AVENUE NORTHWEST, WASHINGTON, DC, 20230
- Plan Type: 401(k)
- Total Participants: 93
- Total Assets: $13.0M
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 | 93 | $13.0M | $799,325 | $673,524 |
| 2023 | 101 | $12.0M | $1.1M | $656,953 |
| 2022 | 104 | $10.1M | $834,994 | $576,446 |
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 |
|---|---|---|---|---|
| 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: $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 | $67,545 | $6,504 | $6,649 | — | — |
| 2023 | $44,784 | $4,125 | $4,075 | — | — |
| 2022 | $10,511 | — | — | — | $10,511 |