Plan Snapshot
- Plan Sponsor: Teachers Federal Credit Union
- Sponsor EIN: 111751016
- Sponsor Address: 102 MOTOR PARKWAY, HAUPPAUGE, NY, 11788
- Plan Type: 401(k)
- Total Participants: 874
- Total Assets: $73.2M
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 | 874 | $73.2M | $1.3M | $4.5M |
| 2023 | 863 | $66.4M | $1.2M | $4.4M |
| 2022 | 919 | $55.2M | $1.4M | $4.1M |
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 |
|---|---|---|---|---|
| WOLF & COMPANY, P. C. | Auditor | — | — | $0 |
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 | $159,749 | — | — | — | — |
| 2023 | $139,736 | — | — | — | — |
| 2022 | $323,905 | — | — | — | — |