2023 Form 5500 filing — Sound Credit Union 401(K) Retirement Savings Plan And Trust
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 20241008132744NAL0028761248001) for Sound Credit Union 401(K) Retirement Savings Plan And Trust, reported by Sound Credit Union under EIN 91-0557925 and plan number 003. It reports 502 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241008132744NAL0028761248001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Sound Credit Union
- EIN
- 91-0557925
- Plan number
- 003
- Location
- Tacoma, WA
- Participants
- 502
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $46,766,215
- Total liabilities (EOY)
- $5,328
- Net assets (EOY)
- $46,760,887
- Employer contributions
- $2,269,485
- Participant contributions
- $1,822,676
- Total income / additions
- $16,889,801
- Benefits paid
- $3,916,044
- Administrative expenses
- $99,156
- Total expenses
- $4,015,200
- Net increase / (decrease)
- $12,874,601
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Spectrum Pension Consultants, Inc. | NONE | $99,156 | $0 |