2023 Form 5500 filing — Summit Credit Union Capital Accumulation 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 20241003150339NAL0005801571001) for Summit Credit Union Capital Accumulation Plan, reported by Summit Credit Union under EIN 39-0230585 and plan number 011. It reports 1,192 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241003150339NAL0005801571001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Summit Credit Union
- EIN
- 39-0230585
- Plan number
- 011
- Location
- Madison, WI
- Participants
- 1,192
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $105,749,226
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $105,749,226
- Employer contributions
- $5,173,511
- Participant contributions
- $4,359,893
- Total income / additions
- $27,853,440
- Benefits paid
- $6,622,528
- Administrative expenses
- $233,105
- Total expenses
- $6,855,633
- Net increase / (decrease)
- $20,997,807
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Cmfg Life Insurance Company | NONE | $216,961 | $0 |
| Board Of Trustees Of Retirement Pro | NONE | $16,144 | not reported in the loaded dataset |