Plan Snapshot
- Plan Sponsor: State Employees Credit Union
- Sponsor EIN: 560475645
- Sponsor Address: 119 N SALISBURY ST, RALEIGH, NC, 27603
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 7,604
- Total Assets: $0
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. |
|---|---|---|---|---|
| 2025 | 7,604 | $0 | $0 | $0 |
| 2024 | 7,724 | $0 | $0 | $0 |
| 2023 | 7,651 | $0 | $0 | $0 |
| 2022 | 7,581 | $0 | $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 |
|---|---|---|---|---|
| BLUE CROSS BLUE SHIELD OF NC | Recordkeeper | $4,201,191 | — | $4,201,191 |
| DELTA DENTAL OF NORTH CAROLINA | Recordkeeper | $212,228 | — | $212,228 |
| METROPOLITAN LIFE INSURANCE COMPANY | Other Service Provider | $189,320 | — | $189,320 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $4,602,739
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 | — | — | — | — | — |
| 2024 | — | — | — | — | — |
| 2023 | — | — | — | — | — |
| 2022 | — | — | — | — | — |