Plan Snapshot
- Plan Sponsor: Family Savings Credit Union
- Sponsor EIN: 630355713
- Sponsor Address: 205 RESCIA AVE, RAINBOW CITY, AL, 359065932
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 324
- Total Assets: $24.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 324 | $24.6M | $0 | $0 |
| 2024 | 278 | $20.0M | $792,199 | $478,846 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $31,149 | — | $31,149 |
| ORENDA RETIREMENT LLC | Recordkeeper | $12,175 | $8,973 | $21,148 |
| EDWARD JONES | Investment Advisor | $21,031 | $7 | $21,038 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $73,335
- Estimated Expense Ratio: 0.299% 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 | $900,352 | $21,031 | $43,324 | — | — |
| 2024 | $33,162 | $8,627 | $24,535 | — | — |