# Otero Federal Credit Union 401(k) Plan
Source: https://planprovider.pro/companies/otero-federal-credit-union-401k-plan

> Otero Federal Credit Union's 401(k) plan: 81 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/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|—|—|

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