Plan Snapshot
- Plan Sponsor: Desco Federal Credit Union
- Sponsor EIN: 316042202
- Sponsor Address: 401 CHILLICOTHE STREET, PORTSMOUTH, OH, 45662
- Plan Type: 401(k)
- Total Participants: 107
- Total Assets: $11.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 107 | $11.8M | $272,033 | $401,709 |
| 2023 | 104 | $11.5M | $279,726 | $377,472 |
| 2022 | 93 | $9.7M | $263,544 | $370,263 |
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 |
|---|---|---|---|---|
| GBQ PARTNERS, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GBQ PARTNERS, LLC — 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 | $25,122 | $17,020 | $8,102 | — | — |
| 2023 | $55,173 | $22,407 | $32,766 | — | — |
| 2022 | $51,370 | — | $12,750 | — | — |