Plan Snapshot
- Plan Sponsor: Raiz Federal Credit Union
- Sponsor EIN: 741110254
- Sponsor Address: 12020 ROJAS DRIVE, EL PASO, TX, 799367711
- Plan Type: 401(k)
- Total Participants: 225
- Total Assets: $18.4M
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 | 225 | $18.4M | $639,535 | $1.0M |
| 2023 | 240 | $15.7M | $554,634 | $904,145 |
| 2022 | 212 | $13.4M | $464,185 | $777,842 |
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 |
|---|---|---|---|---|
| LAUTERBACH, BORSCHOW & CO, 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 | $75,317 | $15,812 | $51,599 | — | — |
| 2023 | $59,254 | $12,751 | $40,128 | — | — |
| 2022 | $60,013 | $12,604 | $47,409 | — | — |