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

> Midflorida Credit Union&#39;s 401(k) plan: 1,379 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/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|—|—|

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

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