# Safe Federal Credit Union 401(k) Plan
Source: https://planprovider.pro/companies/safe-federal-credit-union-401k-plan

> Safe Federal Credit Union's 401(k) plan: 341 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Safe Federal Credit Union

- **Sponsor EIN:** 570374874

- **Sponsor Address:** PO BOX 2008, SUMTER, SC, 29151

- **Plan Type:** 401(k)

- **Total Participants:** 341

- **Total Assets:** $37.7M

## 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|341|$37.7M|$1.7M|$1.2M|

| 2023|331|$33.1M|$1.7M|$1.1M|

| 2022|322|$27.4M|$1.0M|$1.6M|

## 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|

| T ROWE PRICE RPS INC|NONE|$50,619|—|$50,619|

| RBC CAPITAL MARKETS LLC|NONE|$49,669|—|$49,669|

| ELLIOTT DAVIS|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [ELLIOTT DAVIS](https://planprovider.pro/provider/elliott-davis-llc) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $100,288

- **Estimated Expense Ratio:** 0.266% 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|$86,890|—|—|—|—|

| 2023|$82,709|—|—|—|—|

| 2022|$84,980|—|—|—|$47,162|

## Similar Plans

- [Allsouth Federal Credit Union](https://planprovider.pro/companies/allsouth-federal-credit-union-401k-plan) — 309 participants

- [South Carolina Federal Credit Union](https://planprovider.pro/companies/south-carolina-federal-credit-union-401k-plan) — 577 participants

- [Founders Federal Credit Union](https://planprovider.pro/companies/founders-federal-credit-union-401k-plan) — 846 participants

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