Plan Snapshot
- Plan Sponsor: Legacy Community Federal Credit Union
- Sponsor EIN: 630363853
- Sponsor Address: PO BOX 55377, BIRMINGHAM, AL, 352555377
- Plan Type: 401(k)
- Total Participants: 102
- Total Assets: $7.2M
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 | 102 | $7.2M | $166,477 | $320,751 |
| 2023 | 105 | $6.1M | $150,953 | $308,757 |
| 2022 | 96 | $5.3M | $144,200 | $312,264 |
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 |
|---|---|---|---|---|
| BMSS, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BMSS, 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 | $16,421 | $5,170 | $9,747 | — | — |
| 2023 | $16,250 | $4,446 | $10,571 | — | — |
| 2022 | $14,806 | $4,991 | $9,815 | — | — |