# Freedom Credit Union 401(k) Plan
Source: https://planprovider.pro/companies/freedom-credit-union-401k-plan-003-1180

> Freedom Credit Union's 401(k) plan: 102 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Freedom Credit Union

- **Sponsor EIN:** 041961180

- **Sponsor Address:** 1976 MAIN STREET, SPRINGFIELD, MA, 01103

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

- **Total Participants:** 102

- **Total Assets:** $13.9M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|102|$13.9M|$560,116|$594,613|

| 2023|108|$13.6M|$637,444|$587,449|

| 2022|102|$11.8M|$561,165|$439,553|

## 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|

| WOLF & COMPANY, PC|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|$34,182|$13,080|$21,102|—|—|

| 2023|$33,028|$12,228|$20,800|—|—|

| 2022|$25,241|$25,241|—|—|—|

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