Plan Snapshot
- Plan Sponsor: Meriwest Credit Union
- Sponsor EIN: 941521987
- Sponsor Address: 5615 CHESBRO AVENUE, SAN JOSE, CA, 95123
- Plan Type: DB
- Total Participants: 199
- Total Assets: $80.9M
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 | 199 | $80.9M | $0 | $0 |
| 2023 | 204 | $76.7M | $0 | $0 |
| 2022 | 193 | $70.2M | $2.5M | $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 |
|---|---|---|---|---|
| MILLER, KAPLAN, ARASE, LLP | Auditor | $18,000 | — | $18,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MILLER, KAPLAN, ARASE, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $18,000
- Estimated Expense Ratio: 0.022% 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 | $509,331 | $379,414 | $111,917 | $18,000 | — |
| 2023 | $491,507 | $331,812 | $105,198 | $18,000 | — |
| 2022 | $515,732 | $356,019 | $108,549 | — | $15,700 |