Plan Snapshot
- Plan Sponsor: Scott Credit Union
- Sponsor EIN: 370732817
- Sponsor Address: ATTN HUMAN RESOURCES, EDWARDSVILLE, IL, 62025
- Plan Type: 401(k)
- Total Participants: 340
- Total Assets: $20.7M
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 | 340 | $20.7M | $1.1M | $1.4M |
| 2023 | 350 | $18.4M | $986,221 | $1.3M |
| 2022 | 342 | $14.7M | $974,669 | $1.3M |
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 |
|---|---|---|---|---|
| CLIFTONLARSONALLEN LLP | Auditor | $56,613 | — | $56,613 |
| TRANSAMERICA RETIREMENT SOLUTIONS | RECORD KEEPER | $20,957 | — | $20,957 |
| BENEFIT PLANS PLUS, LLC | THIRD PARTY ADMIN | $15,495 | — | $15,495 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CLIFTONLARSONALLEN LLP — Auditor
- TRANSAMERICA RETIREMENT SOLUTIONS — RECORD KEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $93,065
- Estimated Expense Ratio: 0.449% 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 | $56,613 | — | — | $56,613 | — |
| 2023 | $56,475 | — | — | — | — |
| 2022 | $48,660 | — | — | — | — |