Plan Snapshot
- Plan Sponsor: Midflorida Credit Union
- Sponsor EIN: 596194363
- Sponsor Address: 129 S. KENTUCKY AVE., LAKELAND, FL, 33801
- Plan Type: 401(k)
- Total Participants: 1,379
- Total Assets: $91.9M
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 | 1,379 | $91.9M | $2.7M | $5.3M |
| 2023 | 1,334 | $75.7M | $2.5M | $5.0M |
| 2022 | 1,263 | $60.3M | $2.3M | $4.4M |
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 |
|---|---|---|---|---|
| DOEREN MAYHEW ASSURANCE | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- DOEREN MAYHEW ASSURANCE — Auditor
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 | $127,061 | $27,390 | $94,675 | — | — |
| 2023 | $99,125 | — | $99,125 | — | — |
| 2022 | $72,381 | — | $72,381 | — | — |