How many benefit plans does Magnifi Financial Credit Union report on Form 5500?

Magnifi Financial Credit Union (EIN 41-0705136) reports 2 benefit plan(s) in the loaded Form 5500 dataset.

What is the EIN for Magnifi Financial Credit Union?

The Employer Identification Number (EIN) reported for Magnifi Financial Credit Union is 41-0705136.

What is the latest Form 5500 filing year for Magnifi Financial Credit Union?

The latest loaded Form 5500 filing year for Magnifi Financial Credit Union is 2023.

Magnifi Financial Credit Union — Form 5500 filings & benefit plans

Form 5500 plan sponsor summary

According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Magnifi Financial Credit Union (EIN 41-0705136) is a plan sponsor located in Melrose, MN with 2 reported benefit plan(s) in the loaded dataset. The latest loaded Form 5500 filing year is 2023.

Company overview (based on loaded 2023 public filings)

EIN: 41-0705136
Location: Melrose, MN
Loaded plans: 2
Latest filing year: 2023

Reported financial aggregate (2023)

Reported net position

Total reported assets (EOY): $48,474,286
Total reported liabilities (EOY): $0
Total reported net assets (EOY): $48,474,286

Contributions & income

Employer contributions: $2,376,840
Participant contributions: $2,568,466
Total income / additions: $13,243,643

Expenses & distributions

Benefits paid / distributions: $3,531,403
Total expenses: $3,686,355
Net increase / (decrease): $9,557,288

Coverage

Total reported participants: 774
Plans with financial statements: 1
Plans with provider compensation: 1

Totals sum the latest loaded 2023 public Form 5500 filing per plan for this company's plans — one filing per plan, so multiple years are never double-counted. Figures are reported values from loaded Schedule H / I (and Schedule C for provider compensation); fields a plan did not report are treated as missing, not zero. These are not audited or official totals.

Largest loaded plans by reported assets

Magnifi Financial Credit Union plans by reported end-of-year assets
Plan	Plan #	Participants	Reported assets (EOY)	Year
Magnifi Financial 401(K) Plan & Trust	002	453	$48,474,286	2023
Magnifi Financial Credit Union Comprehensive Health & Welfare Benefits Plan	502	321	not reported in the loaded dataset	2023

Search all 2 loaded plans for this company →

Latest loaded filings

Most recent loaded Form 5500 filings for Magnifi Financial Credit Union
Year	Plan	Participants	Schedules	Filing
2023	Magnifi Financial 401(K) Plan & Trust	453	H, C	20240604163821NAL0034339760001
2023	Magnifi Financial Credit Union Comprehensive Health & Welfare Benefits Plan	321	—	20240722084220NAL0010197617001