Plan Snapshot
- Plan Sponsor: Sidney Federal Credit Union
- Sponsor EIN: 150540550
- Sponsor Address: 42 UNION STREET, SIDNEY, NY, 13838
- Plan Type: 401(k)
- Total Participants: 196
- Total Assets: $25.5M
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 | 196 | $25.5M | $1.1M | $884,665 |
| 2023 | 189 | $21.9M | $938,561 | $770,853 |
| 2022 | 185 | $20.2M | $1.3M | $687,761 |
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 |
|---|---|---|---|---|
| FIRLEY, MORAN, FREER & EASSA, CPA | 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 | $112,051 | $77,545 | $34,506 | — | — |
| 2023 | $64,332 | $34,380 | $29,952 | — | — |
| 2022 | $81,343 | $52,323 | $29,020 | — | — |