# Members 1st Federal Credit Union 401(k) Plan
Source: https://planprovider.pro/companies/members-1st-federal-credit-union-401k-plan

> Members 1st Federal Credit Union&#39;s 401(k) plan: 1,259 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Members 1st Federal Credit Union

- **Sponsor EIN:** 231360906

- **Sponsor Address:** 5000 MARKETPLACE WAY, ENOLA, PA, 17025

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

- **Total Participants:** 1,259

- **Total Assets:** $156.2M

## 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|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|CONTRACT ADMINISTRATOR|$280,540|—|$280,540|

| RESOURCES INVESTMENT ADVISORS|INVESTMENT ADVISORY|—|$101,603|$101,603|

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

### Verified Provider Profiles

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

- [RESOURCES INVESTMENT ADVISORS](https://planprovider.pro/provider/epic-retirement-plan-services) — INVESTMENT ADVISORY

- [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:** $382,143

- **Estimated Expense Ratio:** 0.245% 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|

| 2024|$280,541|—|$280,541|—|—|

| 2023|$259,436|—|$259,436|—|—|

| 2022|$230,345|—|$230,345|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/members-1st-federal-credit-union-401k-plan)

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