Plan Snapshot
- Plan Sponsor: Education Credit Union
- Sponsor EIN: 750693720
- Sponsor Address: 6203 HILLSIDE, AMARILLO, TX, 79109
- Plan Type: 401(k)
- Total Participants: 131
- Total Assets: $11.6M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 131 | $11.6M | $880,195 | $413,405 |
| 2023 | 135 | $9.8M | $763,589 | $422,973 |
| 2022 | 115 | $8.1M | $724,540 | $289,851 |
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 |
|---|---|---|---|---|
| STEWART, MARTIN, DUDLEY & WEBB, PC | 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 | $40,211 | — | — | — | — |
| 2023 | $35,157 | — | — | — | — |
| 2022 | $33,998 | — | $33,998 | — | — |