# Founders Federal Credit Union 401(k) Plan
Source: https://planprovider.pro/companies/founders-federal-credit-union-401k-plan

> Founders Federal Credit Union's 401(k) plan: 846 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/fidelity-investments) — RECORDKEEPER

- [DOEREN MAYHEW ASSURANCE](https://planprovider.pro/provider/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|—|—|

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