Plan Snapshot
- Plan Sponsor: Merced School Employees Federal Credit Union
- Sponsor EIN: 941284984
- Sponsor Address: PO BOX 1349, MERCED, CA, 953411349
- Plan Type: 401(k)
- Total Participants: 100
- Total Assets: $14.3M
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: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 100 | $14.3M | $361,445 | $563,899 |
| 2023 | 94 | $12.9M | $322,553 | $504,273 |
| 2022 | 97 | $10.9M | $247,103 | $484,338 |
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 |
|---|---|---|---|---|
| CMFG LIFE INSURANCE COMPANY | Recordkeeper | $54,207 | — | $54,207 |
| MEMBERS CAPITAL ADVISORS, INC. | Other Service Provider | $11,945 | — | $11,945 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CMFG LIFE INSURANCE COMPANY — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $66,152
- Estimated Expense Ratio: 0.462% 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 | $66,152 | $11,945 | $45,846 | — | — |
| 2023 | $56,941 | $10,406 | $39,251 | — | — |
| 2022 | $54,358 | $9,913 | $44,445 | — | — |