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

> Heritage Federal Credit Union's 401(k) plan: 200 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Heritage Federal Credit Union

- **Sponsor EIN:** 351155006

- **Sponsor Address:** PO BOX 189, NEWBURGH, IN, 476290189

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

- **Total Participants:** 200

- **Total Assets:** $20.0M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **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|200|$20.0M|$1.1M|$816,128|

| 2023|215|$17.8M|$1.0M|$727,981|

| 2022|217|$15.4M|$1.1M|$700,134|

## 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|

| PRINCIPAL LIFE INSURANCE COMPANY|CONTRACT ADMIN|$57,644|—|$57,644|

| GLOBAL RETIREMENT PARTNERS LLC|INVESTMENT ADVISORY|—|$41,216|$41,216|

| COMPENSATION SYSTEMS INC|CONTRACT ADMIN|$16,622|$4,756|$21,378|

| FORVIS MAZARS, LLP|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [GLOBAL RETIREMENT PARTNERS LLC](https://planprovider.pro/provider/global-retirement-partners-llc) — INVESTMENT ADVISORY

- [FORVIS MAZARS, LLP](https://planprovider.pro/provider/forvis-mazars-llp) — Auditor

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $120,238

- **Estimated Expense Ratio:** 0.601% 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|$74,266|—|$74,266|—|—|

| 2023|$74,721|—|$16,383|—|—|

| 2022|$78,326|—|$76,343|—|$1,983|

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