Plan Snapshot
- Plan Sponsor: Navy Federal Credit Union
- Sponsor EIN: 530116705
- Sponsor Address: PO BOX 3000, MERRIFIELD, VA, 221193000
- Plan Type: DB
- Total Participants: 62
- Total Assets: $14.0M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 62 | $14.0M | $0 | $0 |
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 |
|---|---|---|---|---|
| MCCONNELL & JONES LLP | NONE | $64,364 | — | $64,364 |
| WILLIS TOWERS WATSON US LLC | NONE | $57,731 | — | $57,731 |
| SMITH & DOWNEY, P.A. | NONE | $17,061 | — | $17,061 |
| PRINCIPAL | TRUSTEE | $12,995 | — | $12,995 |
| PARTNERCOMM | NONE | $6,927 | — | $6,927 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MCCONNELL & JONES LLP — NONE
- WILLIS TOWERS WATSON US LLC — NONE
- SMITH & DOWNEY, P.A. — NONE
- PRINCIPAL — TRUSTEE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $159,078
- Estimated Expense Ratio: 1.134% 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 | $195,871 | -$230 | — | $64,364 | — |