Plan Snapshot
- Plan Sponsor: Founders Federal Credit Union
- Sponsor EIN: 570762987
- Sponsor Address: 737 PLANTATION ROAD, LANCASTER, SC, 297202137
- Plan Type: 401(k)
- Total Participants: 846
- Total Assets: $138.2M
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 | 846 | $138.2M | $4.6M | $3.8M |
| 2023 | 822 | $124.0M | $4.1M | $3.5M |
| 2022 | 775 | $109.5M | $3.8M | $3.4M |
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 |
|---|---|---|---|---|
| FID INV INST. OPS CO | RECORDKEEPER | $82,095 | — | $82,095 |
| DOEREN MAYHEW ASSURANCE | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FID INV INST. OPS CO — RECORDKEEPER
- DOEREN MAYHEW ASSURANCE — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $82,095
- Estimated Expense Ratio: 0.059% 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 | $85,122 | $2,927 | — | — | — |
| 2023 | $65,186 | — | $65,186 | — | — |
| 2022 | $44,899 | — | $44,899 | — | — |