Plan Snapshot
- Plan Sponsor: Whatcom Educational Credit Union
- Sponsor EIN: 910712539
- Sponsor Address: PO BOX 9750, BELLINGHAM, WA, 98227
- Plan Type: DC
- Total Participants: 418
- Total Assets: $71.7M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 418 | $71.7M | $3.2M | $2.5M |
| 2023 | 425 | $59.2M | $2.8M | $2.2M |
| 2022 | 396 | $46.5M | $2.6M | $2.0M |
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 |
|---|---|---|---|---|
| ALERA INVESTMENT ADVISORS LLC | ADVISOR | $82,252 | — | $82,252 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $63,190 | — | $63,190 |
| CLIFTONLARSONALLEN LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ALERA INVESTMENT ADVISORS LLC — ADVISOR
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- CLIFTONLARSONALLEN LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $145,442
- Estimated Expense Ratio: 0.203% 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 | $145,442 | $82,252 | — | — | — |
| 2023 | $119,181 | $66,087 | — | — | — |
| 2022 | $117,417 | — | — | — | — |