Plan Snapshot
- Plan Sponsor: Profed Federal Credit Union
- Sponsor EIN: 350886187
- Sponsor Address: PO BOX 5466, FORT WAYNE, IN, 468955466
- Plan Type: 401(k)
- Total Participants: 178
- Total Assets: $16.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 178 | $16.4M | $350,378 | $571,096 |
| 2023 | 165 | $14.9M | $315,160 | $533,117 |
| 2022 | 164 | $13.1M | $289,384 | $521,330 |
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 |
|---|---|---|---|---|
| UNITED PLANNERS FINANCIAL SERVICES | Investment Advisor | $31,601 | — | $31,601 |
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $22,013 | — | $22,013 |
| RETIREMENT PLAN CONCEPTS & SERVICES | Other Service Provider | $1,500 | $10,000 | $11,500 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $65,114
- Estimated Expense Ratio: 0.397% 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 | $59,000 | — | $2,975 | — | — |
| 2023 | $52,668 | — | $2,120 | — | — |
| 2022 | $58,123 | — | — | — | — |