Plan Snapshot
- Plan Sponsor: Midwest America Federal Credit Union
- Sponsor EIN: 350316722
- Sponsor Address: 1104 MEDICAL PARK DRIVE, FORT WAYNE, IN, 468255826
- Plan Type: 401(k)
- Total Participants: 194
- Total Assets: $14.5M
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 | 194 | $14.5M | $595,639 | $738,795 |
| 2023 | 194 | $13.1M | $572,652 | $677,883 |
| 2022 | 208 | $15.5M | $622,625 | $685,023 |
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 |
|---|---|---|---|---|
| VOYA | RECORDKEEPER | $47,838 | — | $47,838 |
| CAPFINANCIAL PARTNERS LLC | SERVICE PROVIDER | — | $25,208 | $25,208 |
| FUTUREPLAN BY ASCENSUS | TPA | $9,135 | — | $9,135 |
| BADEN, GAGE & SCHROEDER, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BADEN, GAGE & SCHROEDER, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $82,181
- Estimated Expense Ratio: 0.565% 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 | $56,973 | — | $56,773 | — | — |
| 2023 | $56,691 | — | $56,691 | — | — |
| 2022 | $55,098 | — | $55,098 | — | — |