Plan Snapshot
- Plan Sponsor: Fedchoice Federal Credit Union
- Sponsor EIN: 530196968
- Sponsor Address: 10001 WILLOWDALE ROAD, LANHAM, MD, 20706
- Plan Type: 401(k)
- Total Participants: 80
- Total Assets: $10.4M
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 | 80 | $10.4M | $392,244 | $374,244 |
| 2023 | 79 | $8.8M | $364,416 | $306,639 |
| 2022 | 71 | $7.5M | $177,620 | $267,718 |
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 |
|---|---|---|---|---|
| GLOBAL RETIREMENT PARTNERS | NONE | $18,516 | — | $18,516 |
| THE VANGUARD GROUP, INC. | NONE | $16,141 | — | $16,141 |
| CLIFTONLARSONALLEN LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- THE VANGUARD GROUP, INC. — NONE
- CLIFTONLARSONALLEN LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $34,657
- Estimated Expense Ratio: 0.333% 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 | $34,657 | $18,516 | $16,141 | — | — |
| 2023 | $31,221 | $15,352 | $15,869 | — | — |
| 2022 | $30,727 | $14,830 | $15,897 | — | — |