Plan Snapshot
- Plan Sponsor: Launch Credit Union
- Sponsor EIN: 591030268
- Sponsor Address: 300 SOUTH PLUMOSA STREET, MERRITT ISLAND, FL, 32952
- Plan Type: 401(k)
- Total Participants: 311
- Total Assets: $20.9M
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: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 311 | $20.9M | $896,252 | $1.6M |
| 2023 | 304 | $17.5M | $769,486 | $1.3M |
| 2022 | 295 | $14.1M | $635,936 | $1.2M |
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 |
|---|---|---|---|---|
| WARREN AVERETT, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WARREN AVERETT, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $111,902 | $65,079 | — | — | — |
| 2023 | $84,373 | $50,391 | — | — | — |
| 2022 | $76,690 | $44,979 | $31,711 | — | — |