Plan Snapshot
- Plan Sponsor: Texell Credit Union
- Sponsor EIN: 741109882
- Sponsor Address: PO BOX 983, TEMPLE, TX, 76503
- Plan Type: 401(k)
- Total Participants: 215
- Total Assets: $8.1M
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 | 215 | $8.1M | $451,058 | $623,648 |
| 2023 | 214 | $6.5M | $383,385 | $556,758 |
| 2022 | 187 | $5.2M | $313,761 | $482,445 |
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 |
|---|---|---|---|---|
| TRANSAMERICA RETIREMENT SOLUTIONS | RECORDKEEPER | $43,641 | — | $43,641 |
| LEAFHOUSE FINANCIAL ADVISORS, LLC | INVESTMENT ADVISORY PLAN | $9,898 | — | $9,898 |
| INWEST RETIREMENT SOLUTIONS | TPA | $5,974 | — | $5,974 |
| PSK, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA RETIREMENT SOLUTIONS — RECORDKEEPER
- PSK, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $59,513
- Estimated Expense Ratio: 0.738% 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 | $53,504 | $9,898 | $5,974 | — | — |
| 2023 | $36,940 | $36,940 | — | — | — |
| 2022 | $42,300 | $42,300 | — | — | — |