Plan Snapshot
- Plan Sponsor: Workers Federal Credit Union
- Sponsor EIN: 042079901
- Sponsor Address: 119 RUSSELL STREET, LITTLETON, MA, 01460
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 437
- Total Assets: $48.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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. |
|---|---|---|---|---|
| 2025 | 437 | $48.9M | $0 | $0 |
| 2024 | 316 | $44.8M | $1.0M | $2.3M |
| 2023 | 321 | $41.0M | $1.2M | $2.5M |
| 2022 | 354 | $38.7M | $1.9M | $2.3M |
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 |
|---|---|---|---|---|
| DIETZ & LYNCH CAPITAL | Investment Advisor | $35,538 | — | $35,538 |
| FIDELITY INVESTMENTS INST OPER CO | Recordkeeper | $22,194 | — | $22,194 |
| THE ANGELL PENSION GROUP, INC | Recordkeeper | $11,085 | — | $11,085 |
| WOLF & COMPANY, P.C. | Auditor | $10,000 | — | $10,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $78,817
- Estimated Expense Ratio: 0.161% 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 | $7,283,375 | — | $300 | $21,085 | — |
| 2024 | $82,033 | — | — | $20,722 | — |
| 2023 | $65,395 | — | — | $11,628 | — |
| 2022 | $69,275 | — | — | — | — |