2023 Form 5500 filing — Consumers Credit Union 401(K) Savings 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 20241015105238NAL0028119521001) for Consumers Credit Union 401(K) Savings Plan, reported by Consumers Credit Union under EIN 38-1438667 and plan number 001. It reports 474 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015105238NAL0028119521001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Consumers Credit Union
- EIN
- 38-1438667
- Plan number
- 001
- Location
- Kalamazoo, MI
- Participants
- 474
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $41,522,195
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $41,522,195
- Employer contributions
- $2,132,250
- Participant contributions
- $2,455,953
- Total income / additions
- $11,293,084
- Benefits paid
- $1,936,539
- Administrative expenses
- $112,053
- Total expenses
- $2,048,592
- Net increase / (decrease)
- $9,244,492
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $112,075 | $0 |
| Principal Securities Inc | INVESTMENT ADVISORY | $0 | $37,831 |
| Next Financial Group Inc | INVESTMENT ADVISORY | $0 | $14,126 |
| Morningstar Investment Management L | INV ADV, PARTICIPANTS | $0 | $0 |