2023 Form 5500 filing — Ithink Financial Credit Union 401(K) Plan Plus
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 20240802082614NAL0015844771001) for Ithink Financial Credit Union 401(K) Plan Plus, reported by Ithink Financial Credit Union under EIN 59-1286880 and plan number 002. It reports 476 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240802082614NAL0015844771001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Ithink Financial Credit Union
- EIN
- 59-1286880
- Plan number
- 002
- Location
- Delray Beach, FL
- Participants
- 476
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $31,861,000
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $31,861,000
- Employer contributions
- $483,238
- Participant contributions
- $1,733,050
- Total income / additions
- $7,024,348
- Benefits paid
- $5,415,139
- Administrative expenses
- $63,542
- Total expenses
- $5,478,681
- Net increase / (decrease)
- $1,545,667
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Cmfg Life Insurance Company | NONE | $42,045 | $0 |
| Members Capital Advisors, Inc. D/B/ | NONE | $21,497 | not reported in the loaded dataset |