# Direct Federal Credit Union 401(k) Plan
Source: https://planprovider.pro/companies/direct-federal-credit-union-401k-plan

> Direct Federal Credit Union's 401(k) plan: 73 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Direct Federal Credit Union

- **Sponsor EIN:** 042177945

- **Sponsor Address:** 50 CABOT STREET, NEEDHAM, MA, 024949123

- **Plan Type:** 401(k)

- **Total Participants:** 73

- **Total Assets:** $20.8M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **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|73|$20.8M|$1.2M|$478,147|

| 2023|77|$19.3M|$1.1M|$476,643|

| 2022|122|$17.2M|$1.1M|$475,771|

## 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|

| JOHNSON O'CONNOR FERON & CARUCCI LL|Auditor|—|—|$0|

## 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|$4,538|—|$4,288|—|—|

| 2023|$4,425|—|$4,425|—|—|

| 2022|—|—|—|—|—|

## Similar Plans

- [Liberty Bay Credit Union](https://planprovider.pro/companies/liberty-bay-credit-union-plan) — 71 participants

- [Quincy Credit Union](https://planprovider.pro/companies/quincy-credit-union-plan) — 81 participants

- [Merrimack Valley Credit Union As Succ In Int To Rtn Fed Credit Union](https://planprovider.pro/companies/rtn-federal-credit-union-401k-plan-007) — 59 participants

- [Metro Credit Union](https://planprovider.pro/companies/metro-credit-union-plan-002) — 48 participants

- [Gfa Federal Credit Union](https://planprovider.pro/companies/gfa-federal-credit-union-401k-plan) — 101 participants

- [Freedom Credit Union](https://planprovider.pro/companies/freedom-credit-union-401k-plan-003-1180) — 102 participants

[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/direct-federal-credit-union-401k-plan)

© 2026 PlanProvider.Pro