2023 Form 5500 filing — Beacon Credit Union 401(K) 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 20241015140729NAL0016581699001) for Beacon Credit Union 401(K) Plan And Trust, reported by Beacon Credit Union under EIN 35-6025844 and plan number 003. It reports 291 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015140729NAL0016581699001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Beacon Credit Union
- EIN
- 35-6025844
- Plan number
- 003
- Location
- Wabash, IN
- Participants
- 291
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $13,231,306
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $13,231,306
- Employer contributions
- $335,909
- Participant contributions
- $1,328,938
- Total income / additions
- $3,697,970
- Benefits paid
- $902,476
- Administrative expenses
- $60,481
- Total expenses
- $994,365
- Net increase / (decrease)
- $2,703,605
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $32,368 | $0 |
| Lion Street Advisors | INVESTMENT ADVISORY | $28,094 | $25 |
| Morningstar Investment Management L | INV ADV, PARTICIPANTS | $0 | $0 |