# Sandia Area Federal Credit Union DB Plan
Source: https://planprovider.pro/companies/sandia-area-federal-credit-union-plan-004

> Sandia Area Federal Credit Union's DB plan: 144 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Sandia Area Federal Credit Union

- **Sponsor EIN:** 850128861

- **Sponsor Address:** PO BOX 18044, ALBUQUERQUE, NM, 87185

- **Plan Type:** DB

- **Total Participants:** 144

- **Total Assets:** $15.9M

## Key Plan Design Features

- **Auto-Enrollment:** No

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** No

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|144|$15.9M|$0|$0|

| 2023|117|$15.1M|$0|$0|

| 2022|96|$13.4M|$1.0M|$0|

## 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|

| HOLBEN HAY LAKE BALZER CPA, LLC|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|$67,630|$15,029|$45,087|—|—|

| 2023|$58,333|$12,963|$38,889|—|—|

| 2022|$59,176|$13,150|$46,026|—|—|

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