Plan Snapshot
- Plan Sponsor: Purdue Federal Credit Union
- Sponsor EIN: 351163349
- Sponsor Address: 1551 WIN HENTSCHEL BLVD, WEST LAFAYETTE, IN, 479064146
- Plan Type: 401(k)
- Total Participants: 295
- Total Assets: $43.3M
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 | 295 | $43.3M | $1.7M | $1.7M |
| 2023 | 291 | $38.1M | $1.6M | $1.6M |
| 2022 | 289 | $30.7M | $1.4M | $1.4M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $24,028 | — | $24,028 |
| CMFG LIFE INSURANCE COMPANY | RECORDKEEPER/BOOKKEEPER | $7,031 | — | $7,031 |
| FORVIS MAZARS, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CMFG LIFE INSURANCE COMPANY — RECORDKEEPER/BOOKKEEPER
- FORVIS MAZARS, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $31,059
- Estimated Expense Ratio: 0.072% 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 | $79,966 | — | $79,966 | — | — |
| 2023 | $108,508 | $29,595 | $64,115 | — | — |
| 2022 | $114,741 | $26,854 | $87,887 | — | — |