Plan Snapshot
- Plan Sponsor: Texas Bay Credit Union
- Sponsor EIN: 741142852
- Sponsor Address: 12611 FUQUA ST, HOUSTON, TX, 770344646
- Plan Type: 401(k)
- Total Participants: 152
- Total Assets: $19.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 152 | $19.4M | $984,972 | $543,225 |
| 2023 | 144 | $17.0M | $942,500 | $528,781 |
| 2022 | 149 | $14.0M | $803,142 | $507,687 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $39,285 | — | $39,285 |
| CROWE LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $39,285
- Estimated Expense Ratio: 0.202% 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 | $39,285 | — | $39,285 | — | — |
| 2023 | $38,724 | — | $38,724 | — | — |
| 2022 | $35,930 | — | $35,930 | — | — |