Plan Snapshot
- Plan Sponsor: Ithink Financial Credit Union
- Sponsor EIN: 591286880
- Sponsor Address: 1000 NW 17TH AVE, DELRAY BEACH, FL, 334452555
- Plan Type: 401(k)
- Total Participants: 390
- Total Assets: $36.5M
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 | 390 | $36.5M | $512,727 | $1.8M |
| 2023 | 388 | $31.9M | $483,238 | $1.7M |
| 2022 | 390 | $30.3M | $470,587 | $1.7M |
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 |
|---|---|---|---|---|
| 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: $0
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 | $76,356 | $27,342 | $43,545 | — | — |
| 2023 | $63,542 | $21,497 | $37,746 | — | — |
| 2022 | $58,597 | $20,639 | $37,958 | — | — |