Plan Snapshot
- Plan Sponsor: Kitsap Credit Union
- Sponsor EIN: 910333066
- Sponsor Address: PO BOX 990, BREMERTON, WA, 98337
- Plan Type: 401(k)
- Total Participants: 319
- Total Assets: $32.3M
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. |
|---|---|---|---|---|
| 2024 | 319 | $32.3M | $1.2M | $1.8M |
| 2023 | 300 | $27.7M | $1.1M | $1.8M |
| 2022 | 269 | $23.5M | $968,575 | $1.5M |
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 |
|---|---|---|---|---|
| STANCORP FINANCIAL GROUP | NONE | $55,879 | — | $55,879 |
| ALERA INVESTMENT ADVISORS, LLC | NONE | $42,754 | — | $42,754 |
| PBMARES, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STANCORP FINANCIAL GROUP — NONE
- ALERA INVESTMENT ADVISORS, LLC — NONE
- PBMARES, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $98,633
- Estimated Expense Ratio: 0.305% 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 | $60,017 | $46,669 | $13,348 | — | — |
| 2023 | $58,984 | $43,547 | $15,437 | — | — |
| 2022 | $58,270 | — | $58,270 | — | — |