# First Peoples Community Federal Credit Union Health & Welfare Plan
Source: https://planprovider.pro/companies/first-peoples-community-federal-credit-union-520905189-501

> First Peoples Community Federal Credit Union's Health & Welfare plan: 89 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|—|—|

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