2023 Form 5500 filing — Profed Retirement Readiness 401(K) 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 20240903103459NAL0041197378001) for Profed Retirement Readiness 401(K) Plan, reported by Profed Federal Credit Union under EIN 35-0886187 and plan number 001. It reports 199 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240903103459NAL0041197378001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Profed Federal Credit Union
- EIN
- 35-0886187
- Plan number
- 001
- Location
- Fort Wayne, IN
- Participants
- 199
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $14,913,718
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $14,913,718
- Employer contributions
- $315,160
- Participant contributions
- $533,117
- Total income / additions
- $2,800,561
- Benefits paid
- $974,863
- Administrative expenses
- $52,668
- Total expenses
- $1,027,531
- Net increase / (decrease)
- $1,773,030
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| United Planners Financial Services | INVESTMENT ADVISOR | $27,901 | not reported in the loaded dataset |
| Empower Annuity Insurance Company | RECORDKEEPER | $20,308 | $0 |
| Retirement Plan Concepts & Services | CONTRACT ADMIN. | $1,200 | $10,000 |
| Empower Advisory Group,LLC | INVESTMENT MGMT | $3,259 | not reported in the loaded dataset |