Plan Snapshot
- Plan Sponsor: Lbs Financial Credit Union
- Sponsor EIN: 951644568
- Sponsor Address: 5505 GARDEN GROVE BLVD, WESTMINSTER, CA, 92683
- Plan Type: 401(k)
- Total Participants: 251
- Total Assets: $20.1M
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 | 251 | $20.1M | $0 | $1.1M |
| 2023 | 240 | $17.5M | $0 | $965,432 |
| 2022 | 219 | $15.0M | $0 | $916,757 |
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 |
|---|---|---|---|---|
| TURNER, WARREN, HWANG & CONRAD AC | Auditor | — | — | $0 |
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 | $14,094 | — | $14,094 | — | — |
| 2023 | $15,490 | — | $15,490 | — | — |
| 2022 | $15,200 | — | $15,200 | — | — |