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

> Langley Federal Credit Union&#39;s 401(k) plan: 698 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/fidelity-investments) — RECORDKEEPER

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

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/langley-federal-credit-union-401k-plan)

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