Plan Snapshot
- Plan Sponsor: First Peoples Community Federal Credit Union
- Sponsor EIN: 520905189
- Sponsor Address: PO BOX 5534, CRESAPTOWN, MD, 21501
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 89
- Total Assets: $905,361
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 89 | $905,361 | $1.7M | $138,552 |
| 2023 | 88 | $1.0M | $1.5M | $128,942 |
| 2022 | 93 | $1.1M | $1.5M | $0 |
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 |
|---|---|---|---|---|
| THE BENECON GROUP | Investment Advisor | $42,375 | — | $42,375 |
| CAREFIRST ADMINISTRATORS | Other Service Provider | $38,330 | — | $38,330 |
| TRIBRIDGE PARTNERS, LLC | Investment Advisor | $23,730 | — | $23,730 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $104,435
- Estimated Expense Ratio: 11.535% 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 | $2,044,143 | — | — | — | — |
| 2023 | $1,519,120 | — | — | — | — |
| 2022 | $1,404,339 | — | — | — | — |