Plan Snapshot
- Plan Sponsor: Digital Federal Credit Union
- Sponsor EIN: 042683316
- Sponsor Address: 853 DONALD LYNCH BOULEVARD, MARLBOROUGH, MA, 01752
- Plan Type: 401(k)
- Total Participants: 1,737
- Total Assets: $221.3M
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 | 1,737 | $221.3M | $7.9M | $10.6M |
| 2023 | 1,782 | $191.1M | $8.8M | $10.3M |
| 2022 | 1,681 | $154.3M | $7.8M | $8.9M |
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 ANNUITY INSURANCE COMPANY | RECORDKEEPER | $231,905 | — | $231,905 |
| MORGAN STANLEY | INVESTMENT ADVISOR | $175,529 | — | $175,529 |
| PKF O'CONNOR DAVIES, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY — INVESTMENT ADVISOR
- PKF O'CONNOR DAVIES, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $407,434
- Estimated Expense Ratio: 0.184% 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 | $407,734 | $175,529 | — | — | — |
| 2023 | $403,958 | $183,026 | — | — | — |
| 2022 | $371,019 | $170,902 | $200,117 | — | — |