Plan Snapshot
- Plan Sponsor: Educational Federal Credit Union
- Sponsor EIN: 590630270
- Sponsor Address: 7800 SW 117TH AVE, MIAMI, FL, 33183
- Plan Type: 401(k)
- Total Participants: 338
- Total Assets: $45.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 338 | $45.1M | $1.6M | $1.4M |
| 2023 | 291 | $40.1M | $1.4M | $1.3M |
| 2022 | 267 | $32.6M | $1.2M | $1.1M |
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 |
|---|---|---|---|---|
| STRATEGIC ADVISORS, INC. | Investment Advisor | $11,538 | — | $11,538 |
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $5,625 | — | $5,625 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STRATEGIC ADVISORS, INC. — Investment Advisor
- FIDELITY INVESTMENTS INSTITUTIONAL — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $17,163
- Estimated Expense Ratio: 0.038% 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 | $17,163 | $11,538 | — | — | — |
| 2023 | $16,183 | $11,945 | — | — | — |
| 2022 | $13,463 | $10,413 | — | — | — |