Plan Snapshot
- Plan Sponsor: Erie Federal Credit Union
- Sponsor EIN: 250970927
- Sponsor Address: 3503 PEACH ST, ERIE, PA, 165082741
- Plan Type: 401(k)
- Plan Number: 003
- Total Participants: 235
- Total Assets: $22.0M
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. |
|---|---|---|---|---|
| 2025 | 235 | $22.0M | $0 | $0 |
| 2024 | 207 | $19.8M | $1.1M | $460,159 |
| 2023 | 194 | $17.3M | $1.1M | $415,732 |
| 2022 | 185 | $14.3M | $929,270 | $371,622 |
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 | Other Service Provider | $77,767 | — | $77,767 |
| MEMBERS CAPITAL ADVISORS, INC. | Other Service Provider | $19,160 | — | $19,160 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $96,927
- Estimated Expense Ratio: 0.441% 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 |
|---|---|---|---|---|---|
| 2025 | $2,663,882 | $19,160 | $66,271 | — | — |
| 2024 | $88,110 | $17,337 | $60,371 | — | — |
| 2023 | $75,325 | $14,850 | $51,565 | — | — |
| 2022 | $70,900 | $13,625 | $57,275 | — | — |