Plan Snapshot
- Plan Sponsor: United Federal Credit Union
- Sponsor EIN: 381393400
- Sponsor Address: 150 HILLTOP RD, ST. JOSEPH, MI, 49085
- Plan Type: 401(k)
- Total Participants: 672
- Total Assets: $83.9M
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 | 672 | $83.9M | $3.7M | $3.0M |
| 2023 | 718 | $74.3M | $3.1M | $3.0M |
| 2022 | 796 | $65.3M | $3.5M | $3.3M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $114,059 | — | $114,059 |
| GROVE POINT ADVISORS LLC | INVESTMENT ADVISOR | $38,647 | — | $38,647 |
| ROLAND CRISS & WILLIAMS INC DBA ROL | OTHER | $38,301 | — | $38,301 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $32,587 | — | $32,587 |
| FORVIS MAZARS, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FORVIS MAZARS, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $223,594
- Estimated Expense Ratio: 0.266% 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 | $223,593 | $71,234 | — | — | — |
| 2023 | $194,747 | $88,826 | — | — | — |
| 2022 | $192,120 | $33,381 | $158,739 | — | — |