2023 Form 5500 filing — Members First Credit Union 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 20241009140610NAL0037275362001) for Members First Credit Union 401(K) Plan, reported by Members First Credit Union under EIN 38-1489454 and plan number 001. It reports 300 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241009140610NAL0037275362001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Members First Credit Union
- EIN
- 38-1489454
- Plan number
- 001
- Location
- Midland, MI
- Participants
- 300
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $18,694,754
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $18,694,754
- Employer contributions
- $1,001,093
- Participant contributions
- $1,216,686
- Total income / additions
- $5,053,785
- Benefits paid
- $1,856,785
- Administrative expenses
- $11,238
- Total expenses
- $1,868,023
- Net increase / (decrease)
- $3,185,762
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Ascensus | THIRD PARTY ADMIN | $0 | $8,004 |
| Morningstar | INVESTMENT ADVISOR | $646 | $2,693 |
| Voya Retirement Ins & Annuity Co | SERVICE PROVIDER | $646 | $85 |
| Morgan Stanley Smith Barney LLC | BROKER/DEALER | $0 | $46 |
| Axa Equitable Life Ins Co | SERVICE PROVIDER | $0 | $36 |
| Nationwide Life Ins Co | SERVICE PROVIDER | $0 | $36 |