Plan Snapshot
- Plan Sponsor: Members Credit Union
- Sponsor EIN: 566043259
- Sponsor Address: 2098 FRONTIS PLAZA BLVD, WINSTON SALEM, NC, 271035779
- Plan Type: 401(k)
- Total Participants: 108
- Total Assets: $11.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 108 | $11.2M | $341,686 | $319,220 |
| 2023 | 101 | $9.5M | $301,188 | $286,383 |
| 2022 | 98 | $8.1M | $277,495 | $275,362 |
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 |
|---|---|---|---|---|
| BUTLER & BURKE, LLP | 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 | $4,967 | — | $4,967 | — | — |
| 2023 | $5,619 | — | $5,619 | — | — |
| 2022 | $9,586 | — | $9,586 | — | — |