2023 Form 5500 filing — Virginia Credit Union, Inc. Defined Benefit 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 20241015075645NAL0027790273001) for Virginia Credit Union, Inc. Defined Benefit Plan, reported by Virginia Credit Union, Inc. under EIN 54-0578719 and plan number 001. It reports 830 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
Form 5500 2 · 2023
Filing snapshot
Net assets (EOY)$96.1MReported net assets$96,082,897
Participants830
Provider compensation$93.3K1 Schedule C row(s)$93,336
Schedules filedSchedule H, Schedule CLoaded schedules
- EFAST2 acknowledgement
- 20241015075645NAL0027790273001
- Plan sponsor
- Virginia Credit Union, Inc.
- EIN
- 54-0578719
- Plan number
- 001
- Location
- Richmond, VA
- Received date
- not reported in the loaded dataset
Schedule H · 2023
Reported financial snapshot
Reported figures as filed, in whole dollars. Only fields the filing reports are shown.
Reported balance (end of year)$96.1M total assets
Net assets$96.1MLiabilities$0
Full reported line items
- Total assets (EOY)
- $96,082,897
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $96,082,897
- Employer contributions
- $8,250,000
- Total income / additions
- $20,336,902
- Benefits paid
- $2,524,779
- Administrative expenses
- $165,336
- Total expenses
- $2,690,115
- Net increase / (decrease)
- $17,646,787
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $93,336 | $0 |