# Industrial Federal Credit Union 401(k) Plan
Source: https://planprovider.pro/companies/industrial-federal-credit-union-351090338-001

> Industrial Federal Credit Union's 401(k) plan: 84 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/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|

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