# Michigan First Credit Union 401(k) Plan
Source: https://planprovider.pro/companies/michigan-first-credit-union-401k-plan

> Michigan First Credit Union's 401(k) plan: 488 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Michigan First Credit Union

- **Sponsor EIN:** 380481580

- **Sponsor Address:** 27000 EVERGREEN, LATHRUP VILLAGE, MI, 48076

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

- **Total Participants:** 488

- **Total Assets:** $31.8M

## 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|488|$31.8M|$1.2M|$2.3M|

| 2023|451|$26.8M|$1.1M|$2.0M|

| 2022|443|$21.6M|$1.2M|$2.1M|

## 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|

| FIDELITY INVESTMENTS INSTITUTIONAL|RECORDKEEPER|$20,655|—|$20,655|

| STRATEGIC ADVISORS, INC.|ADVISOR|$7,286|—|$7,286|

| BAS PARTNERS|Auditor|—|—|$0|

### Verified Provider Profiles

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

- [FIDELITY INVESTMENTS INSTITUTIONAL](https://planprovider.pro/provider/fidelity-investments) — RECORDKEEPER

- [STRATEGIC ADVISORS, INC.](https://planprovider.pro/provider/creative-planning) — ADVISOR

- [BAS PARTNERS](https://planprovider.pro/provider/bas-partners) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $27,941

- **Estimated Expense Ratio:** 0.088% 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|$27,941|$7,286|—|—|—|

| 2023|$12,213|$5,363|—|—|—|

| 2022|$6,908|$3,002|—|—|—|

## Similar Plans

- [Lake Trust Credit Union](https://planprovider.pro/companies/lake-trust-credit-union-401k-plan) — 499 participants

- [Honor Credit Union](https://planprovider.pro/companies/honor-credit-union-401k-plan) — 453 participants

- [Frankenmuth Credit Union](https://planprovider.pro/companies/frankenmuth-credit-union-401k-plan) — 441 participants

- [Consumers Credit Union](https://planprovider.pro/companies/consumers-credit-union-401k-plan) — 424 participants

- [Community Choice Credit Union](https://planprovider.pro/companies/community-choice-credit-union-401k-plan-001) — 419 participants

- [Genisys Credit Union](https://planprovider.pro/companies/genisys-credit-union-401k-plan) — 559 participants

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

© 2026 PlanProvider.Pro