Plan Snapshot
- Plan Sponsor: Redstone Federal Credit Union
- Sponsor EIN: 630322374
- Sponsor Address: 220 WYNN DRIVE NW, HUNTSVILLE, AL, 35893
- Plan Type: 401(k)
- Total Participants: 1,353
- Total Assets: $161.1M
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 | 1,353 | $161.1M | $5.8M | $8.9M |
| 2023 | 1,302 | $138.4M | $5.0M | $7.7M |
| 2022 | 1,189 | $111.3M | $3.8M | $6.7M |
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 |
|---|---|---|---|---|
| SCHWAB RETIREMENT PLAN SERVICES,INC | Recordkeeper | $191,956 | — | $191,956 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SCHWAB RETIREMENT PLAN SERVICES,INC — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $191,956
- Estimated Expense Ratio: 0.119% 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 | $191,956 | $132,108 | — | — | — |
| 2023 | $162,330 | $112,640 | — | — | — |
| 2022 | $314,460 | — | — | — | — |