Plan Snapshot
- Plan Sponsor: State Employees' Credit Union
- Sponsor EIN: 560475645
- Sponsor Address: 119 N SALISBURY ST, RALEIGH, NC, 27603
- Plan Type: DC
- Total Participants: 7,935
- Total Assets: $1.6B
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 7,935 | $1.6B | $56.2M | $56.5M |
| 2023 | 7,854 | $1.3B | $53.6M | $53.0M |
| 2022 | 7,706 | $1.1B | $49.5M | $48.3M |
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 |
|---|---|---|---|---|
| CLIFTONLARSONALLENLLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CLIFTONLARSONALLENLLP — Auditor
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 | $487,819 | $52,580 | — | — | — |
| 2023 | $509,145 | — | — | — | — |
| 2022 | $619,920 | — | — | — | — |