Plan Snapshot
- Plan Sponsor: Securityplus Federal Credit Union
- Sponsor EIN: 520584127
- Sponsor Address: 7135 WINDSOR BLVD, BALTIMORE, MD, 21244
- Plan Type: DB
- Total Participants: 46
- Total Assets: $34.0M
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 | 46 | $34.0M | $0 | $0 |
| 2023 | 47 | $31.4M | $0 | $0 |
| 2022 | 52 | $27.7M | $0 | $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 |
|---|---|---|---|---|
| CMFG LIFE INSURANCE COMPANY | NONE | $115,390 | — | $115,390 |
| WEYRICH, CRONIN & SORRA, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CMFG LIFE INSURANCE COMPANY — NONE
- WEYRICH, CRONIN & SORRA, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $115,390
- Estimated Expense Ratio: 0.340% 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 | $120,049 | $4,659 | $98,906 | — | — |
| 2023 | $107,041 | $5,337 | $87,175 | — | — |
| 2022 | $126,392 | $3,847 | $122,545 | — | — |