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

> Park Federal Credit Union&#39;s 401(k) plan: 267 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/trustage) — NONE

- [MONROE SHINE & CO. INC](https://planprovider.pro/provider/monroe-shine-and-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|—|—|

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- [Commonwealth Credit Union, INC.](https://planprovider.pro/companies/commonwealth-credit-union-inc-401k-plan-001) — 358 participants

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