# Frankenmuth Credit Union 401(k) Plan
Source: https://planprovider.pro/companies/frankenmuth-credit-union-401k-plan

> Frankenmuth Credit Union's 401(k) plan: 441 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Frankenmuth Credit Union

- **Sponsor EIN:** 381796409

- **Sponsor Address:** 580 NORTH MAIN STREET, FRANKENMUTH, MI, 48734

- **Plan Type:** 401(k)

- **Total Participants:** 441

- **Total Assets:** $35.1M

## 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|441|$35.1M|$1.5M|$2.3M|

| 2023|446|$29.8M|$1.3M|$2.1M|

| 2022|440|$24.5M|$1.2M|$2.0M|

## 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|

| VOYA RETIREMENT ADVISORS, LLC|SERVICE PROVIDER|$111,546|—|$111,546|

| VOYA RETIREMENT INSURANCE & ANNUITY|SERVICE PROVIDER|$11,314|$57|$11,371|

| REHMANN ROBSON, LLC|Auditor|—|—|$0|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $122,917

- **Estimated Expense Ratio:** 0.351% 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|$122,860|$111,960|$9,250|—|—|

| 2023|$106,160|$92,960|$10,450|—|—|

| 2022|$96,272|—|—|—|—|

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