# Securityplus Federal Credit Union DB Plan
Source: https://planprovider.pro/companies/securityplus-federal-credit-union-plan

> Securityplus Federal Credit Union's DB plan: 46 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/trustage) — NONE

- [WEYRICH, CRONIN & SORRA, LLC](https://planprovider.pro/provider/weyrich-cronin-and-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|—|—|

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