2023 Form 5500 filing — Deseret First Federal Credit Union 401k 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 20240917124352NAL0002810097001) for Deseret First Federal Credit Union 401k Plan, reported by Deseret First Federal Credit Union under EIN 87-0229235 and plan number 002. It reports 275 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240917124352NAL0002810097001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Deseret First Federal Credit Union
- EIN
- 87-0229235
- Plan number
- 002
- Location
- West Valley City, UT
- Participants
- 275
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $18,352,781
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $18,352,781
- Employer contributions
- $885,255
- Participant contributions
- $730,052
- Total income / additions
- $4,405,997
- Benefits paid
- $1,536,144
- Administrative expenses
- $94,931
- Total expenses
- $1,631,075
- Net increase / (decrease)
- $2,774,922
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Verapath Global Investing, Lls | NONE | $57,150 | not reported in the loaded dataset |
| Northwest Plan Services | RECORDKEEPER | $31,973 | not reported in the loaded dataset |
| Matrix Trust | CUSTODIAN | $5,808 | not reported in the loaded dataset |