Plan Snapshot
- Plan Sponsor: Fortera Federal Credit Union
- Sponsor EIN: 610523393
- Sponsor Address: 2050 LOWES DR., CLARKSVILLE, TN, 370401620
- Plan Type: 401(k)
- Total Participants: 178
- Total Assets: $15.4M
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 | 178 | $15.4M | $622,032 | $904,639 |
| 2023 | 179 | $13.1M | $633,136 | $907,257 |
| 2022 | 177 | $11.3M | $561,508 | $829,920 |
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 |
|---|---|---|---|---|
| STONE RUDOLPH & HENRY, PLC | Auditor | — | — | $0 |
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 | $61,483 | $13,437 | $41,389 | — | — |
| 2023 | $52,145 | $11,150 | $35,420 | — | — |
| 2022 | $58,557 | $10,427 | $48,130 | — | — |