Plan Snapshot
- Plan Sponsor: Sikorsky Financial Credit Union
- Sponsor EIN: 060634736
- Sponsor Address: 1000 ORONOQUE LANE, STRATFORD, CT, 06614
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 179
- Total Assets: $27.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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. |
|---|---|---|---|---|
| 2025 | 179 | $27.1M | $0 | $0 |
| 2024 | 138 | $24.6M | $327,892 | $945,311 |
| 2023 | 120 | $23.2M | $299,885 | $845,104 |
| 2022 | 121 | $20.8M | $275,198 | $791,051 |
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 |
|---|---|---|---|---|
| BEIRNE WEALTH CONSULTING SERVICES | Investment Advisor | $62,793 | — | $62,793 |
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $24,101 | — | $24,101 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $86,894
- Estimated Expense Ratio: 0.320% 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 |
|---|---|---|---|---|---|
| 2025 | $2,471,890 | $66,146 | — | — | — |
| 2024 | $86,058 | $61,983 | — | — | — |
| 2023 | $92,567 | $55,357 | — | — | — |
| 2022 | $103,323 | $3,924 | — | — | — |