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

> Honor Credit Union's 401(k) plan: 453 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Honor Credit Union

- **Sponsor EIN:** 381231023

- **Sponsor Address:** 8385 EDGEWOOD ROAD, BERRIEN SPRINGS, MI, 491039004

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

- **Total Participants:** 453

- **Total Assets:** $40.9M

## 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|453|$40.9M|$2.3M|$2.2M|

| 2023|425|$35.0M|$1.9M|$2.0M|

| 2022|370|$28.7M|$1.7M|$1.9M|

## 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 ADMINISTRATOR|$64,513|—|$64,513|

| CAPFINANCIAL PARTNERS|INVESTMENT ADVISORY|$59,801|—|$59,801|

| PLANTE & MORAN, PLLC|Auditor|—|—|$0|

### Verified Provider Profiles

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

- [PLANTE & MORAN, PLLC](https://planprovider.pro/provider/plante-and-moran-pllc) — Auditor

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $124,314

- **Estimated Expense Ratio:** 0.304% 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|$124,314|$59,801|$64,513|—|—|

| 2023|$93,088|$41,738|$51,350|—|—|

| 2022|$90,332|$40,921|$49,411|—|—|

## Similar Plans

- [Frankenmuth Credit Union](https://planprovider.pro/companies/frankenmuth-credit-union-401k-plan) — 441 participants

- [Consumers Credit Union](https://planprovider.pro/companies/consumers-credit-union-401k-plan) — 424 participants

- [Community Choice Credit Union](https://planprovider.pro/companies/community-choice-credit-union-401k-plan-001) — 419 participants

- [Michigan First Credit Union](https://planprovider.pro/companies/michigan-first-credit-union-401k-plan) — 488 participants

- [Lake Trust Credit Union](https://planprovider.pro/companies/lake-trust-credit-union-401k-plan) — 499 participants

- [Genisys Credit Union](https://planprovider.pro/companies/genisys-credit-union-401k-plan) — 559 participants

[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/honor-credit-union-401k-plan)

© 2026 PlanProvider.Pro