Plan Snapshot
- Plan Sponsor: Pelican Credit Union
- Sponsor EIN: 720498240
- Sponsor Address: 2675 O'NEAL LANE, BATON ROUGE, LA, 70816
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 385
- Total Assets: $29.6M
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. |
|---|---|---|---|---|
| 2025 | 385 | $29.6M | $0 | $0 |
| 2024 | 302 | $25.4M | $1.8M | $1.5M |
| 2023 | 348 | $21.4M | $1.6M | $1.4M |
| 2022 | 341 | $17.3M | $1.3M | $1.2M |
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 |
|---|---|---|---|---|
| TRANSAMERICA RETIREMENT SOLUTIONS, | Recordkeeper | $102,422 | — | $102,422 |
| BANK OF AMERICA NA | Investment Advisor | $62,588 | — | $62,588 |
| SENTINEL PENSION, LLC | Recordkeeper | $43,286 | — | $43,286 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $208,296
- Estimated Expense Ratio: 0.704% 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 |
|---|---|---|---|---|---|
| 2025 | $3,462,139 | $1,767 | $32,411 | — | — |
| 2024 | $176,670 | $53,696 | $35,705 | — | — |
| 2023 | $143,691 | $44,140 | $28,896 | — | — |
| 2022 | $128,150 | — | $128,150 | — | — |