Plan Snapshot
- Plan Sponsor: Otero Federal Credit Union
- Sponsor EIN: 850125476
- Sponsor Address: PO BOX 2800, ALAMOGORDO, NM, 883112800
- Plan Type: 401(k)
- Total Participants: 81
- Total Assets: $8.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 81 | $8.1M | $350,510 | $211,104 |
| 2023 | 75 | $7.2M | $336,750 | $192,773 |
| 2022 | 77 | $7.2M | $310,997 | $197,529 |
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 |
|---|---|---|---|---|
| CLIFTONLARSONALLEN LLP | Auditor | — | — | $0 |
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: $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 | $37,838 | $6,743 | $26,375 | — | — |
| 2023 | $33,574 | $5,895 | $23,552 | — | — |
| 2022 | $39,424 | $6,695 | $32,729 | — | — |