Plan Snapshot
- Plan Sponsor: Valley Strong Credit Union
- Sponsor EIN: 951652797
- Sponsor Address: 11500 BOLTHOUSE DR, BAKERSFIELD, CA, 933118822
- Plan Type: 401(k)
- Total Participants: 574
- Total Assets: $44.7M
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 | 574 | $44.7M | $2.3M | $3.2M |
| 2023 | 589 | $41.6M | $2.3M | $3.1M |
| 2022 | 598 | $32.8M | $2.2M | $3.1M |
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 |
|---|---|---|---|---|
| SCHWAB RETIREMENT PLAN SERVICES INC | NONE | $17,328 | — | $17,328 |
| TURNER, WARREN, HWANG & CONRAD, AC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $17,328
- Estimated Expense Ratio: 0.039% 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 | $17,219 | $1,812 | — | — | — |
| 2023 | $22,364 | $422 | — | — | — |
| 2022 | $26,496 | — | — | — | — |