Plan Snapshot
- Plan Sponsor: Primeway(Tm) Federal Credit Union
- Sponsor EIN: 741152784
- Sponsor Address: PO BOX 53088, HOUSTON, TX, 770523088
- Plan Type: 401(k)
- Total Participants: 143
- Total Assets: $11.8M
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 | 143 | $11.8M | $369,370 | $583,130 |
| 2023 | 141 | $10.2M | $388,376 | $522,036 |
| 2022 | 124 | $8.3M | $360,210 | $491,032 |
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 |
|---|---|---|---|---|
| STANCORP FINANCIAL GROUP | NONE | $53,917 | — | $53,917 |
| GALLAGHER FIDUCIARY ADVISORS, LLC | NONE | $25,075 | — | $25,075 |
| DOEREN MAYHEW ASSURANCE | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STANCORP FINANCIAL GROUP — NONE
- GALLAGHER FIDUCIARY ADVISORS, LLC — NONE
- DOEREN MAYHEW ASSURANCE — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $78,992
- Estimated Expense Ratio: 0.669% 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 | $46,746 | $25,075 | $21,671 | — | — |
| 2023 | $33,742 | $15,903 | $17,839 | — | — |
| 2022 | $18,182 | — | $18,182 | — | — |