Plan Snapshot
- Plan Sponsor: Langley Federal Credit Union
- Sponsor EIN: 540451953
- Sponsor Address: 721 LAKE FRONT COMMONS, SUITE 200, NEWPORT NEWS, VA, 23606
- Plan Type: 401(k)
- Total Participants: 698
- Total Assets: $57.2M
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 | 698 | $57.2M | $2.6M | $3.8M |
| 2023 | 715 | $50.1M | $2.4M | $3.5M |
| 2022 | 708 | $40.6M | $2.2M | $3.1M |
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 | $115,224 | — | $115,224 |
| CETERA INVESTMENT ADVISORS LLC | INVESTMENT ADVISOR | $38,428 | — | $38,428 |
| CLIFTONLARSONALLEN, LLC | ACCOUNTANT/AUDITOR | $13,965 | — | $13,965 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- CLIFTONLARSONALLEN, LLC — ACCOUNTANT/AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $167,617
- Estimated Expense Ratio: 0.293% 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 | $167,617 | $38,428 | — | $13,965 | — |
| 2023 | $141,260 | — | — | — | — |
| 2022 | $104,821 | — | — | — | — |