Plan Snapshot
- Plan Sponsor: Provident Credit Union
- Sponsor EIN: 941482957
- Sponsor Address: 303 TWIN DOLPHIN DR, REDWOOD SHORES, CA, 94065
- Plan Type: 401(k)
- Total Participants: 332
- Total Assets: $67.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 332 | $67.2M | $1.3M | $2.7M |
| 2023 | 326 | $58.9M | $1.4M | $2.7M |
| 2022 | 349 | $52.1M | $1.4M | $2.7M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $49,603 | — | $49,603 |
| NEWFRONT RETIREMENT SERVICES INC | ADVISOR | $23,915 | — | $23,915 |
| TURNER, WARREN, HWANG, & CONRAD | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $73,518
- Estimated Expense Ratio: 0.109% 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 | $73,400 | $23,915 | — | — | — |
| 2023 | $69,758 | — | — | — | — |
| 2022 | $93,907 | — | — | — | — |