Plan Snapshot
- Plan Sponsor: Safe 1 Credit Union
- Sponsor EIN: 951812302
- Sponsor Address: 1400 MILL ROCK WAY, BAKERSFIELD, CA, 93311
- Plan Type: 401(k)
- Total Participants: 116
- Total Assets: $18.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 116 | $18.2M | $610,823 | $565,522 |
| 2023 | 113 | $15.2M | $588,474 | $497,967 |
| 2022 | 100 | $12.4M | $476,591 | $409,122 |
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 |
|---|---|---|---|---|
| JONES, NALE & MATTINGLY PLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JONES, NALE & MATTINGLY PLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $32,820 | — | $1,650 | — | — |
| 2023 | $18,870 | — | $2,813 | — | — |
| 2022 | $2,480 | — | $530 | — | $1,950 |