# State Employees Credit Union Health & Welfare Plan
Source: https://planprovider.pro/companies/state-employees-credit-union-560475645-501

> State Employees Credit Union's Health & Welfare plan: 7,604 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** State Employees Credit Union

- **Sponsor EIN:** 560475645

- **Sponsor Address:** 119 N SALISBURY ST, RALEIGH, NC, 27603

- **Plan Type:** Health & Welfare

- **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|—|—|—|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/state-employees-credit-union-560475645-501)

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