Plan Snapshot
- Plan Sponsor: Teachers Federal Credit Union
- Sponsor EIN: 111751016
- Sponsor Address: 102 MOTOR PARKWAY, HAUPPAUGE, NY, 11788
- Plan Type: DB
- Total Participants: 676
- Total Assets: $74.5M
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. |
|---|---|---|---|---|
| 2024 | 676 | $74.5M | $6.9M | $0 |
| 2023 | 705 | $72.0M | $5.8M | $0 |
| 2022 | 667 | $64.0M | $8.3M | $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 |
|---|---|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER AND S | NONE | $217,024 | $12,372 | $229,396 |
| 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: $229,396
- Estimated Expense Ratio: 0.308% 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 | $217,024 | $217,024 | — | — | — |
| 2023 | $177,574 | $177,574 | — | — | — |
| 2022 | $237,480 | $232,805 | — | — | — |