Plan Snapshot
- Plan Sponsor: Virginia Federal Credit Union
- Sponsor EIN: 540578719
- Sponsor Address: 7500 BOULDERS VIEW DR, RICHMOND, VA, 23225
- Plan Type: DB
- Total Participants: 609
- Total Assets: $106.2M
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 | 609 | $106.2M | $5.9M | $0 |
| 2023 | 579 | $96.1M | $8.3M | $0 |
| 2022 | 581 | $78.4M | $12.0M | $0 |
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 | $109,551 | — | $109,551 |
| CLIFTON LARSON ALLEN, LLP 2 | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CLIFTON LARSON ALLEN, LLP 2 — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $109,551
- Estimated Expense Ratio: 0.103% 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 | $188,433 | — | $109,551 | — | — |
| 2023 | $165,336 | — | $93,336 | — | — |
| 2022 | $156,994 | — | $91,962 | — | — |