Plan Snapshot
- Plan Sponsor: Utilities Employees Credit Union
- Sponsor EIN: 231278971
- Sponsor Address: 11 MERIDIAN BLVD, WYOMISSING, PA, 19612
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 108
- Total Assets: $439,233
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 | 108 | $439,233 | $1.1M | $230,082 |
| 2023 | 86 | $175,713 | $916,881 | $183,725 |
| 2022 | 83 | $247,331 | $793,782 | $171,285 |
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 |
|---|---|---|---|---|
| PATRIOT (POWER-KUNKLE GROUP, INC.) | Investment Advisor | $34,729 | — | $34,729 |
| THE BENECON GROUP | Investment Advisor | $20,508 | — | $20,508 |
| CONNECTCARE3 | Other Service Provider | $5,783 | — | $5,783 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $61,020
- Estimated Expense Ratio: 13.892% 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 | $1,075,311 | — | — | — | — |
| 2023 | $1,206,903 | — | — | — | — |
| 2022 | $931,678 | — | — | — | — |