Plan Snapshot
- Plan Sponsor: Westmark Credit Union
- Sponsor EIN: 820218879
- Sponsor Address: PO BOX 2869, IDAHO FALLS, ID, 83403
- Plan Type: 401(k)
- Total Participants: 224
- Total Assets: $19.2M
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 | 224 | $19.2M | $795,301 | $1.0M |
| 2023 | 223 | $20.3M | $850,493 | $1.0M |
| 2022 | 218 | $17.3M | $807,271 | $985,080 |
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 |
|---|---|---|---|---|
| POSTON DENNEY & KILLPACK | Auditor | — | — | $0 |
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 | $88,056 | — | $57,956 | — | — |
| 2023 | $89,138 | — | $58,799 | — | — |
| 2022 | $81,648 | — | $53,871 | — | $27,777 |