Plan Snapshot
- Plan Sponsor: Hanscom Federal Credit Union
- Sponsor EIN: 042175534
- Sponsor Address: 25 PORTER ROAD, SUITE 100, LITTLETON, MA, 01460
- Plan Type: 401(k)
- Total Participants: 233
- Total Assets: $41.3M
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 | 233 | $41.3M | $2.3M | $1.8M |
| 2023 | 230 | $41.4M | $2.3M | $1.6M |
| 2022 | 255 | $35.4M | $2.2M | $1.4M |
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 |
|---|---|---|---|---|
| SULLIVAN AND FOLAN, LLC | 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 | $9,511 | — | — | — | — |
| 2023 | $8,129 | — | — | — | — |
| 2022 | $96,874 | — | — | — | — |