Plan Snapshot
- Plan Sponsor: Park Federal Credit Union
- Sponsor EIN: 610654642
- Sponsor Address: 2515 BLANKENBAKER PARKWAY, LOUISVILLE, KY, 40299
- Plan Type: 401(k)
- Total Participants: 267
- Total Assets: $22.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 267 | $22.1M | $479,070 | $1.3M |
| 2023 | 234 | $19.0M | $493,950 | $1.2M |
| 2022 | 220 | $15.7M | $446,685 | $1.1M |
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 |
|---|---|---|---|---|
| CMFG LIFE INSURANCE COMPANY | NONE | $42,599 | — | $42,599 |
| MEMBERS CAPITAL ADVISORS, INC. | NONE | $19,187 | — | $19,187 |
| MONROE SHINE & CO. INC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CMFG LIFE INSURANCE COMPANY — NONE
- MONROE SHINE & CO. INC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $61,786
- Estimated Expense Ratio: 0.280% 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 | $61,073 | $18,932 | $37,866 | — | — |
| 2023 | $48,147 | $14,522 | $28,998 | — | — |
| 2022 | $37,258 | $13,911 | $23,347 | — | — |