Plan Snapshot
- Plan Sponsor: Redwood Credit Union
- Sponsor EIN: 941244186
- Sponsor Address: 3033 CLEVELAND AVE SUITE 100, SANTA ROSA, CA, 95403
- Plan Type: 401(k)
- Total Participants: 912
- Total Assets: $103.9M
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 | 912 | $103.9M | $3.6M | $8.0M |
| 2023 | 835 | $88.0M | $3.1M | $7.1M |
| 2022 | 742 | $66.8M | $2.7M | $6.1M |
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 |
|---|---|---|---|---|
| MILLIMAN | NONE | $76,716 | — | $76,716 |
| CHARLES SCHWAB TRUST BANK | NONE | $13,168 | — | $13,168 |
| CLIFTONLARSONALLEN LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MILLIMAN — NONE
- CHARLES SCHWAB TRUST BANK — NONE
- CLIFTONLARSONALLEN LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $89,884
- Estimated Expense Ratio: 0.087% 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 | $89,885 | — | — | — | — |
| 2023 | $84,828 | — | — | — | — |
| 2022 | $88,288 | — | — | — | $88,288 |