# Lafayette Federal Credit Union 401(k) Plan
Source: https://planprovider.pro/companies/lafayette-federal-credit-union-401k-plan

> Lafayette Federal Credit Union's 401(k) plan: 193 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Lafayette Federal Credit Union

- **Sponsor EIN:** 530197895

- **Sponsor Address:** 2701 TOWER OAKS BOULEVARD, ROCKVILLE, MD, 208524209

- **Plan Type:** 401(k)

- **Total Participants:** 193

- **Total Assets:** $29.9M

## 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:** No

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|193|$29.9M|$1.6M|$1.3M|

| 2023|167|$25.3M|$440,637|$1.1M|

| 2022|145|$20.9M|$1.2M|$942,826|

## 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|

| PRINCIPAL LIFE INSURANCE COMPANY|CONTRACT ADMINISTRATOR|$112,530|—|$112,530|

| ROYAL ALLIANCE ASSOCIATES INC|INVESTMENT ADVISORY|—|$44,148|$44,148|

| LAFAYETTE FEDERAL CREDIT UNION|OTHER SERVICES|—|$10,120|$10,120|

| CLIFTONLARSONALLEN, LLP|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [ROYAL ALLIANCE ASSOCIATES INC](https://planprovider.pro/provider/royal-alliance-associates-inc) — INVESTMENT ADVISORY

- [CLIFTONLARSONALLEN, LLP](https://planprovider.pro/provider/cliftonlarsonallen-llp) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $166,798

- **Estimated Expense Ratio:** 0.557% 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|$112,531|—|$112,531|—|—|

| 2023|$90,280|—|$90,280|—|—|

| 2022|$64,685|—|$64,685|—|—|

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