Plan Snapshot
- Plan Sponsor: Millbury Federal Credit Union
- Sponsor EIN: 042074204
- Sponsor Address: 50 MAIN STREET, MILLBURY, MA, 01527
- Plan Type: 401(k)
- Total Participants: 92
- Total Assets: $22.2M
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 | 92 | $22.2M | $560,486 | $604,995 |
| 2023 | 87 | $19.3M | $566,149 | $578,324 |
| 2022 | 90 | $16.1M | $503,279 | $556,785 |
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 |
|---|---|---|---|---|
| CARON AND BLETZER, PLLC | Auditor | $11,500 | — | $11,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CARON AND BLETZER, PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $11,500
- Estimated Expense Ratio: 0.052% 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 | $52,338 | $20,000 | $20,838 | $11,500 | — |
| 2023 | $48,816 | $20,000 | $18,316 | $10,500 | — |
| 2022 | $47,574 | $20,000 | $17,774 | — | $9,800 |