Plan Snapshot
- Plan Sponsor: First Financial Credit Union
- Sponsor EIN: 850102571
- Sponsor Address: PO BOX 25587, ALBUQUERQUE, NM, 871250587
- Plan Type: 401(k)
- Total Participants: 270
- Total Assets: $28.9M
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 | 270 | $28.9M | $1.2M | $1.3M |
| 2023 | 266 | $25.4M | $1.1M | $1.2M |
| 2022 | 250 | $20.5M | $915,903 | $970,423 |
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 | Recordkeeper | $107,532 | — | $107,532 |
| MEMBERS CAPITAL ADVISORS, INC. | Other Service Provider | $24,308 | — | $24,308 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CMFG LIFE INSURANCE COMPANY — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $131,840
- Estimated Expense Ratio: 0.457% 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 | $131,840 | $24,308 | $92,947 | — | — |
| 2023 | $104,797 | $19,419 | $73,726 | — | — |
| 2022 | $98,414 | $17,788 | $80,626 | — | — |