Plan Snapshot
- Plan Sponsor: Members 1st Federal Credit Union
- Sponsor EIN: 231360906
- Sponsor Address: 5000 MARKETPLACE WAY, ENOLA, PA, 17025
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 1,568
- Total Assets: $189.6M
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. |
|---|---|---|---|---|
| 2025 | 1,568 | $189.6M | $0 | $0 |
| 2024 | 1,259 | $156.2M | $8.6M | $8.6M |
| 2023 | 1,227 | $133.7M | $8.4M | $7.8M |
| 2022 | 1,227 | $105.4M | $8.2M | $7.0M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $226,890 | — | $226,890 |
| ONEDIGITAL INVESTMENT ADVISORS, LLC | Other Service Provider | — | $52,500 | $52,500 |
| RESOURCES INVESTMENT ADVISORS | Investment Advisor | — | $8,937 | $8,937 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $288,327
- Estimated Expense Ratio: 0.152% of plan assets
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 |
|---|---|---|---|---|---|
| 2025 | $13,024,331 | — | $226,890 | — | — |
| 2024 | $280,541 | — | $280,541 | — | — |
| 2023 | $259,436 | — | $259,436 | — | — |
| 2022 | $230,345 | — | $230,345 | — | — |