Plan Snapshot
- Plan Sponsor: Dfcu Financial
- Sponsor EIN: 381350130
- Sponsor Address: 400 TOWN CENTER DRIVE, DEARBORN, MI, 481262753
- Plan Type: 401(k)
- Total Participants: 626
- Total Assets: $130.7M
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 | 626 | $130.7M | $3.5M | $4.1M |
| 2023 | 598 | $117.4M | $3.3M | $3.8M |
| 2022 | 505 | $97.0M | $2.7M | $3.1M |
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 |
|---|---|---|---|---|
| SCHWARTZ & CO. | INVESTMENT ADVISOR | $101,378 | — | $101,378 |
| DOEREN MAYHEW ASSURANCE | Auditor | $101,378 | — | $101,378 |
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: $202,756
- Estimated Expense Ratio: 0.155% 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 | $25,656 | — | $300 | $101,378 | — |
| 2023 | $28,489 | $92,559 | $1,200 | — | — |
| 2022 | $34,079 | — | — | — | — |