Plan Snapshot
- Plan Sponsor: Provident Savings Bank
- Sponsor EIN: 956024097
- Sponsor Address: 3756 CENTRAL AVENUE, RIVERSIDE, CA, 92506
- Plan Type: 401(k)
- Total Participants: 169
- Total Assets: $40.6M
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 | 169 | $40.6M | $264,290 | $829,171 |
| 2023 | 168 | $39.3M | $310,873 | $843,895 |
| 2022 | 156 | $35.9M | $304,252 | $830,193 |
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 |
|---|---|---|---|---|
| ROORDA, PIQUET & BESSEE, INC. CPAS | Auditor | $10,700 | — | $10,700 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $10,700
- Estimated Expense Ratio: 0.026% 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 | $69,187 | $25,000 | $33,487 | $10,700 | — |
| 2023 | $67,996 | $25,000 | $32,996 | $10,000 | — |
| 2022 | $66,701 | $25,000 | $32,372 | — | $9,329 |