Plan Snapshot
- Plan Sponsor: Everwise Credit Union
- Sponsor EIN: 350702986
- Sponsor Address: 110 S MAIN STREET, SOUTH BEND, IN, 466011805
- Plan Type: 401(k)
- Total Participants: 739
- Total Assets: $94.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 739 | $94.1M | $2.7M | $4.1M |
| 2023 | 736 | $91.3M | $3.7M | $3.7M |
| 2022 | 738 | $81.3M | $4.0M | $4.0M |
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 |
|---|---|---|---|---|
| CMFG LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $95,140 | — | $95,140 |
| MEMBERS CAPITAL ADVISORS, INC | INVESTMENT ADVISORY | $62,602 | — | $62,602 |
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $53,370 | — | $53,370 |
| FORVIS MAZARS, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CMFG LIFE INSURANCE COMPANY — CONTRACT ADMINISTRATOR
- FORVIS MAZARS, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $211,112
- Estimated Expense Ratio: 0.224% 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 | $211,112 | — | $211,112 | — | — |
| 2023 | $173,462 | $80,335 | $85,093 | — | — |
| 2022 | $254,415 | $78,397 | $176,018 | — | — |