Plan Snapshot
- Plan Sponsor: Veridian Credit Union
- Sponsor EIN: 421132695
- Sponsor Address: 1827 ANSBOROUGH AVE, WATERLOO, IA, 50704
- Plan Type: 401(k)
- Total Participants: 1,016
- Total Assets: $198.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 1,016 | $198.7M | $8.2M | $5.2M |
| 2023 | 998 | $170.6M | $7.7M | $4.8M |
| 2022 | 955 | $140.1M | $7.4M | $4.6M |
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 |
|---|---|---|---|---|
| CAPFINANCIAL PARTNERS LLC DBA CAPTR | INVESTMENT ADVISOR | $223,487 | — | $223,487 |
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $53,264 | — | $53,264 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $52,718 | — | $52,718 |
| MCGLADREY LLP | AUDITOR | $16,291 | — | $16,291 |
| BT&CO., PA | Auditor | $16,291 | — | $16,291 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BT&CO., PA — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $362,051
- Estimated Expense Ratio: 0.182% 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 | $346,376 | $276,205 | — | $16,291 | — |
| 2023 | $276,663 | $224,135 | — | $15,815 | — |
| 2022 | $238,628 | $198,419 | $26,312 | — | $13,897 |