Plan Snapshot
- Plan Sponsor: Liberty Bay Credit Union
- Sponsor EIN: 041896000
- Sponsor Address: 300 GRANITE ST, BRAINTREE, MA, 021844999
- Plan Type: 401(k)
- Total Participants: 71
- Total Assets: $31.3M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 71 | $31.3M | $733,977 | $438,695 |
| 2023 | 73 | $31.0M | $704,260 | $448,277 |
| 2022 | 73 | $27.2M | $772,718 | $519,732 |
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 |
|---|---|---|---|---|
| BAKER NEWMAN NOYES | 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 | $31,069 | — | $25,425 | — | — |
| 2023 | $26,740 | — | $21,897 | — | — |
| 2022 | $26,272 | — | $26,272 | — | — |