Plan Snapshot
- Plan Sponsor: Palmetto Citizens Federal Credit Union
- Sponsor EIN: 570314480
- Sponsor Address: PO BOX 5846, COLUMBIA, SC, 292505846
- Plan Type: 401(k)
- Total Participants: 295
- Total Assets: $34.9M
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 | 295 | $34.9M | $1.4M | $1.1M |
| 2023 | 293 | $31.6M | $1.3M | $1.1M |
| 2022 | 280 | $27.8M | $1.2M | $1.0M |
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 |
|---|---|---|---|---|
| CANTEY, TILLER, PIERCE & GREEN LLP | Auditor | — | — | $0 |
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 | $126,952 | $30,424 | $84,507 | — | — |
| 2023 | $126,742 | $25,593 | $88,353 | — | — |
| 2022 | $119,430 | $24,311 | $95,119 | — | — |