# Premier America Credit Union 401(k) Plan
Source: https://planprovider.pro/companies/premier-america-credit-union-401k-plan

> Premier America Credit Union&#39;s 401(k) plan: 435 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/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|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/premier-america-credit-union-401k-plan)

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