Plan Snapshot
- Plan Sponsor: First Heritage Federal Credit Union
- Sponsor EIN: 160802201
- Sponsor Address: 202 DENISON PKWY E., CORNING, NY, 14830
- Plan Type: 401(k)
- Total Participants: 141
- Total Assets: $16.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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. |
|---|---|---|---|---|
| 2024 | 141 | $16.0M | $734,543 | $646,186 |
| 2023 | 135 | $13.7M | $629,605 | $561,211 |
| 2022 | 121 | $11.2M | $572,351 | $525,626 |
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 |
|---|---|---|---|---|
| MENGEL METZGER BARR & CO. LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MENGEL METZGER BARR & CO. LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $81,871 | $34,386 | $47,485 | — | — |
| 2023 | $72,114 | $33,606 | $38,508 | — | — |
| 2022 | $66,462 | $31,577 | $34,885 | — | — |