Plan Snapshot
- Plan Sponsor: Desert Financial Credit Union
- Sponsor EIN: 860096740
- Sponsor Address: 148 NORTH 48TH STREET, PHOENIX, AZ, 85034
- Plan Type: 401(k)
- Plan Number: 003
- Total Participants: 1,626
- Total Assets: $163.9M
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. |
|---|---|---|---|---|
| 2025 | 1,626 | $163.9M | $0 | $0 |
| 2024 | 1,265 | $131.7M | $8.0M | $7.2M |
| 2023 | 1,190 | $106.9M | $7.5M | $6.7M |
| 2022 | 1,159 | $84.4M | $7.0M | $6.3M |
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 ADVISORY GROUP, LLC | Investment Advisor | $69,428 | — | $69,428 |
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $33,266 | — | $33,266 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $102,694
- Estimated Expense Ratio: 0.063% 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 |
|---|---|---|---|---|---|
| 2025 | $10,136,640 | $69,428 | — | — | — |
| 2024 | $193,552 | $54,279 | — | — | — |
| 2023 | $59,093 | $41,471 | — | — | — |
| 2022 | $37,300 | $2,425 | $34,875 | — | — |