Plan Snapshot
- Plan Sponsor: Northwest Federal Credit Union
- Sponsor EIN: 530216888
- Sponsor Address: 200 SPRING STREET, HERNDON, VA, 20170
- Plan Type: 401(k)
- Total Participants: 546
- Total Assets: $120.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 546 | $120.8M | $3.1M | $4.9M |
| 2023 | 561 | $106.2M | $3.1M | $4.8M |
| 2022 | 596 | $89.1M | $3.0M | $4.8M |
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 |
|---|---|---|---|---|
| T ROWE PRICE RPS INC | NONE | $63,981 | — | $63,981 |
| CLIFTON LARSON ALLEN LLP | NONE | $9,735 | — | $9,735 |
| CLIFTONLARSONALLEN LLP | Auditor | $9,735 | — | $9,735 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CLIFTONLARSONALLEN LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $83,451
- Estimated Expense Ratio: 0.069% 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 | $74,008 | — | — | $9,735 | — |
| 2023 | $66,287 | — | — | $9,650 | — |
| 2022 | $58,797 | — | — | — | — |