Plan Snapshot
- Plan Sponsor: Houston Federal Credit Union
- Sponsor EIN: 746050685
- Sponsor Address: 16320 KENSINGTON DRIVE, SUGAR LAND, TX, 77479
- Plan Type: 401(k)
- Total Participants: 179
- Total Assets: $11.8M
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 | 179 | $11.8M | $507,451 | $837,400 |
| 2023 | 176 | $10.1M | $476,991 | $781,363 |
| 2022 | 175 | $8.1M | $405,347 | $679,678 |
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 |
|---|---|---|---|---|
| RAYMOND JAMES | INVESTMENT ADVISOR | $28,077 | — | $28,077 |
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $22,670 | — | $22,670 |
| DOEREN MAYHEW ASSURANCE | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- DOEREN MAYHEW ASSURANCE — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $50,747
- Estimated Expense Ratio: 0.430% 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 | $52,721 | $30,051 | — | — | — |
| 2023 | $43,781 | $25,750 | — | — | — |
| 2022 | $40,802 | — | $40,802 | — | — |