Plan Snapshot
- Plan Sponsor: Premier America Credit Union
- Sponsor EIN: 953442691
- Sponsor Address: 19867 PRAIRIE STREET, CHATSWORTH, CA, 91311
- Plan Type: 401(k)
- Total Participants: 435
- Total Assets: $55.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 435 | $55.1M | $2.0M | $2.8M |
| 2023 | 429 | $46.8M | $1.8M | $2.5M |
| 2022 | 409 | $37.3M | $1.7M | $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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $69,807 | — | $69,807 |
| ACTUARIAL BENEFITS CORP. | OTHER SERVICES | — | $9,290 | $9,290 |
| PENSION ASSURANCE LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PENSION ASSURANCE LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $79,097
- Estimated Expense Ratio: 0.144% 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 | $69,808 | — | $69,808 | — | — |
| 2023 | $66,655 | — | $66,655 | — | — |
| 2022 | $60,041 | — | $60,041 | — | — |