# Local Government Federal Credit Union 401(k) Plan
Source: https://planprovider.pro/companies/local-government-federal-credit-union-401k-plan

> Local Government Federal Credit Union's 401(k) plan: 279 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Local Government Federal Credit Union

- **Sponsor EIN:** 561362282

- **Sponsor Address:** 3600 WAKE FOREST RD, RALEIGH, NC, 276097309

- **Plan Type:** 401(k)

- **Total Participants:** 279

- **Total Assets:** $56.9M

## 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|279|$56.9M|$3.7M|$2.4M|

| 2023|284|$47.5M|$3.4M|$2.4M|

| 2022|218|$36.3M|$2.8M|$2.0M|

## 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|

| CLIFTONLARSONALLEN LLP|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [CLIFTONLARSONALLEN LLP](https://planprovider.pro/provider/cliftonlarsonallen-llp) — 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|$155,760|$50,570|$90,019|—|—|

| 2023|$117,723|$38,574|$67,576|—|—|

| 2022|$103,941|$33,972|$69,969|—|—|

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