Plan Snapshot
- Plan Sponsor: L & N Federal Credit Union
- Sponsor EIN: 610508496
- Sponsor Address: 9115 SMYRNA PARKWAY, LOUISVILLE, KY, 402291415
- Plan Type: 401(k)
- Total Participants: 297
- Total Assets: $35.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 297 | $35.7M | $1.6M | $1.5M |
| 2023 | 299 | $32.6M | $1.6M | $1.5M |
| 2022 | 283 | $28.7M | $1.4M | $1.3M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $29,635 | — | $29,635 |
| SIGMA PLANNING CORPORATION | Investment Advisor | $29,272 | — | $29,272 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $58,907
- Estimated Expense Ratio: 0.165% 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 | $63,276 | $4,369 | — | — | — |
| 2023 | $34,069 | $3,532 | — | — | — |
| 2022 | $25,398 | $753 | — | — | — |