# South Carolina Federal Credit Union 401(k) Plan
Source: https://planprovider.pro/companies/south-carolina-federal-credit-union-401k-plan

> South Carolina Federal Credit Union's 401(k) plan: 577 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** South Carolina Federal Credit Union

- **Sponsor EIN:** 570323645

- **Sponsor Address:** 6265 RIVERS AVENUE, NORTH CHARLESTON, SC, 29406

- **Plan Type:** 401(k)

- **Total Participants:** 577

- **Total Assets:** $102.8M

## 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|577|$102.8M|$3.6M|$4.2M|

| 2023|566|$86.6M|$3.4M|$3.9M|

| 2022|534|$71.6M|$3.0M|$3.5M|

## 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|

| VOYA RETIREMENT INAURANCE & ANNUITY|SERVICE PROVIDER|$148,645|$47,270|$195,915|

| MORNINGSTAR|SERVICE PROVIDER|—|$47,270|$47,270|

| VOYA RETIREMENT ADVISORS, LLC|SERVICE PROVIDER|$24,338|—|$24,338|

| DOEREN MAYHEW ASSURANCE|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [MORNINGSTAR](https://planprovider.pro/provider/jp-morgan-asset-management) — SERVICE PROVIDER

- [DOEREN MAYHEW ASSURANCE](https://planprovider.pro/provider/doeren-mayhew-assurance) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $267,523

- **Estimated Expense Ratio:** 0.260% 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|$172,983|$24,338|$147,095|—|—|

| 2023|$140,009|$25,936|$112,998|—|—|

| 2022|$171,185|—|—|—|—|

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