Plan Snapshot
- Plan Sponsor: Education First Federal Credit Union
- Sponsor EIN: 741186856
- Sponsor Address: 7025 EASTEX FWY, BEAUMONT, TX, 777066515
- Plan Type: 401(k)
- Total Participants: 137
- Total Assets: $9.4M
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 | 137 | $9.4M | $427,943 | $645,494 |
| 2023 | 146 | $7.7M | $513,919 | $651,995 |
| 2022 | 139 | $6.7M | $543,408 | $590,954 |
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 |
|---|---|---|---|---|
| CMFG LIFE INSURANCE COMPANY | NONE | $19,219 | — | $19,219 |
| MEMBER CAPITAL ADVISORS, INC. D/B/ | NONE | $8,441 | — | $8,441 |
| CLIFTONLARSONALLEN LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CMFG LIFE INSURANCE COMPANY — NONE
- CLIFTONLARSONALLEN LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $27,660
- Estimated Expense Ratio: 0.293% 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 | $27,660 | $8,441 | $16,687 | — | — |
| 2023 | $21,735 | $6,620 | $13,129 | — | — |
| 2022 | $22,537 | $6,408 | $16,129 | — | — |