Plan Snapshot
- Plan Sponsor: Industrial Federal Credit Union
- Sponsor EIN: 351090338
- Sponsor Address: 1115 SAGAMORE PARKWAY SOUTH, LAFAYETTE, IN, 47905
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 84
- Total Assets: $9.0M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 84 | $9.0M | $251,418 | $329,049 |
| 2023 | 81 | $7.9M | $221,409 | $320,966 |
| 2022 | 97 | $7.1M | $232,981 | $318,087 |
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 |
|---|---|---|---|---|
| GLOBAL RETIREMENT PARTNERS LLC | Investment Advisor | $24,307 | — | $24,307 |
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $20,180 | — | $20,180 |
| COMPENSATION SYSTEMS, INC. | Other Service Provider | $1,450 | $6,432 | $7,882 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GLOBAL RETIREMENT PARTNERS LLC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $52,369
- Estimated Expense Ratio: 0.584% 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 | $21,630 | — | — | — | — |
| 2023 | $18,853 | — | — | — | — |
| 2022 | $19,510 | — | — | — | $19,510 |