Plan Snapshot
- Plan Sponsor: Jovia Financial Credit Union
- Sponsor EIN: 111644859
- Sponsor Address: 1000 CORPORATE DR, WESTBURY, NY, 115906624
- Plan Type: DB
- Total Participants: 443
- Total Assets: $42.9M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 443 | $42.9M | $4.3M | $0 |
| 2023 | 402 | $39.4M | $4.5M | $0 |
| 2022 | 339 | $33.8M | $4.4M | $0 |
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 |
|---|---|---|---|---|
| CMFG LIFE INSURANCE COMPANY | NONE | $19,012 | — | $19,012 |
| MEMBERS CAPITAL ADVISORS, INC | NONE | $10,007 | — | $10,007 |
| CLIFTONLARSONALLEN LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CMFG LIFE INSURANCE COMPANY — NONE
- CLIFTONLARSONALLEN LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $29,019
- Estimated Expense Ratio: 0.068% 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 | $29,019 | $10,007 | $16,010 | — | — |
| 2023 | $19,245 | $6,636 | $10,618 | — | — |
| 2022 | $9,939 | $3,427 | $6,512 | — | — |