2023 Form 5500 filing — Leominster Credit Union 401(K) Profit Sharing Plan
Plain-English filing 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, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240724091013NAL0012750321001) for Leominster Credit Union 401(K) Profit Sharing Plan, reported by Leominster Credit Union under EIN 04-2348884 and plan number 002. It reports 195 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240724091013NAL0012750321001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Leominster Credit Union
- EIN
- 04-2348884
- Plan number
- 002
- Location
- Leominster, MA
- Participants
- 195
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $17,748,447
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $17,748,447
- Employer contributions
- $737,554
- Participant contributions
- $774,753
- Total income / additions
- $4,060,220
- Benefits paid
- $2,232,213
- Administrative expenses
- $24,600
- Total expenses
- $2,256,813
- Net increase / (decrease)
- $1,803,407
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Commonwealth Financial Network | ADVISOR | $20,000 | not reported in the loaded dataset |
| Voya Retirement Ins. & Annuity Co. | RECORDKEEPER | $1,750 | $0 |