Plan Snapshot
- Plan Sponsor: Philadelphia Federal Credit Union
- Sponsor EIN: 231502500
- Sponsor Address: 12800 TOWNSEND ROAD, PHILADELPHIA, PA, 191541003
- Plan Type: 401(k)
- Total Participants: 263
- Total Assets: $47.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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 | 263 | $47.0M | $1.5M | $1.3M |
| 2023 | 259 | $43.8M | $1.4M | $1.3M |
| 2022 | 250 | $36.4M | $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 |
|---|---|---|---|---|
| CONNOLLY, GRADY & CHA, P.C. | 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 | $143,773 | — | $119,568 | — | — |
| 2023 | $130,726 | $5,955 | $108,129 | — | — |
| 2022 | $121,089 | $117,014 | $4,075 | — | — |