# Members Credit Union 401(k) Plan
Source: https://planprovider.pro/companies/members-credit-union-401k-plan-001

> Members Credit Union's 401(k) plan: 108 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|

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