Plan Snapshot
- Plan Sponsor: Winsouth Credit Union
- Sponsor EIN: 630371386
- Sponsor Address: 110 S 26TH ST, GADSDEN, AL, 35904
- Plan Type: DB
- Plan Number: 001
- Total Participants: 105
- Total Assets: $12.7M
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. |
|---|---|---|---|---|
| 2025 | 105 | $12.7M | $0 | $0 |
| 2024 | 88 | $11.8M | $0 | $0 |
| 2023 | 77 | $10.8M | $0 | $0 |
| 2022 | 74 | $9.2M | $740,647 | $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 |
|---|---|---|---|---|
| CMFG LIFE INSURANCE COMPANY | Other Service Provider | $32,795 | — | $32,795 |
| MEMBERS CAPITAL ADVISORS, INC. | Other Service Provider | $9,370 | — | $9,370 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $42,165
- Estimated Expense Ratio: 0.331% 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 |
|---|---|---|---|---|---|
| 2025 | $258,299 | $9,370 | $28,110 | — | — |
| 2024 | $45,704 | $9,621 | $30,791 | — | — |
| 2023 | $46,826 | $9,365 | $31,842 | — | — |
| 2022 | $55,935 | $11,187 | $44,748 | — | — |