# Texas Tech Federal Credit Union 401(k) Plan
Source: https://planprovider.pro/companies/texas-tech-federal-credit-union-plan-001

> Texas Tech Federal Credit Union's 401(k) plan: 113 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Texas Tech Federal Credit Union

- **Sponsor EIN:** 751157852

- **Sponsor Address:** BOX 41072, LUBBOCK, TX, 79409

- **Plan Type:** 401(k)

- **Total Participants:** 113

- **Total Assets:** $6.1M

## Key Plan Design Features

- **Auto-Enrollment:** No

- **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|113|$6.1M|$484,426|$572,770|

| 2023|113|$5.3M|$510,504|$608,421|

| 2022|117|$4.7M|$546,596|$637,524|

## 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|$34,506|—|$34,506|

| BOLINGER, SEGARS, GILBERT & MOSS LL|Auditor|—|—|$0|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $34,506

- **Estimated Expense Ratio:** 0.569% 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|$34,506|—|$34,506|—|—|

| 2023|$28,948|—|$28,948|—|—|

| 2022|$28,276|—|$28,276|—|—|

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