2023 Form 5500 filing — Desert Financial 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 20240819161803NAL0001770129001) for Desert Financial Credit Union 401(K) Profit Sharing Plan, reported by Desert Financial Credit Union under EIN 86-0096740 and plan number 003. It reports 1,487 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240819161803NAL0001770129001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Desert Financial Credit Union
- EIN
- 86-0096740
- Plan number
- 003
- Location
- Phoenix, AZ
- Participants
- 1,487
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $106,864,129
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $106,864,129
- Employer contributions
- $7,458,694
- Participant contributions
- $6,697,541
- Total income / additions
- $31,033,823
- Benefits paid
- $8,495,177
- Administrative expenses
- $59,093
- Total expenses
- $8,552,792
- Net increase / (decrease)
- $22,481,031
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Empower Advisory Group, LLC | INVESTMENT MGMT | $41,471 | not reported in the loaded dataset |
| Empower Annuity Insurance Company | RECORDKEEPER | $17,622 | $0 |