Plan Snapshot
- Plan Sponsor: Patriot Federal Credit Union
- Sponsor EIN: 251150379
- Sponsor Address: 800 WAYNE AVE, CHAMBERSBURG, PA, 172013810
- Plan Type: Health & Welfare
- Plan Number: 511
- Total Participants: 139
- Total Assets: $188,980
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 139 | $188,980 | $1.6M | $525,524 |
| 2023 | 146 | $163,161 | $1.5M | $512,575 |
| 2022 | 158 | $245,568 | $1.3M | $427,213 |
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 |
|---|---|---|---|---|
| ONEDIGITAL (PHILADELPHIA) | Investment Advisor | $45,058 | — | $45,058 |
| THE BENECON GROUP, LLC | Investment Advisor | $28,092 | — | $28,092 |
| CONNECTCARE 3 | Other Service Provider | $9,740 | — | $9,740 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $82,890
- Estimated Expense Ratio: 43.862% 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 | $51,071 | — | $51,071 | — | — |
| 2023 | $51,206 | — | $51,206 | — | — |
| 2022 | $81,818 | — | $81,818 | — | — |