2023 Form 5500 filing — Commonwealth Credit Union 401(K) Retirement 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 20241125171755NAL0002073331001) for Commonwealth Credit Union 401(K) Retirement Savings Plan, reported by Commonwealth Credit Union, Inc. under EIN 61-0671028 and plan number 005. It reports 398 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241125171755NAL0002073331001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Commonwealth Credit Union, Inc.
- EIN
- 61-0671028
- Plan number
- 005
- Location
- Frankfort, KY
- Participants
- 398
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $17,031,024
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $17,031,024
- Employer contributions
- $273,999
- Participant contributions
- $1,753,397
- Total income / additions
- $4,111,087
- Benefits paid
- $991,965
- Administrative expenses
- $38,958
- Total expenses
- $1,030,923
- Net increase / (decrease)
- $3,080,164
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $38,958 | $0 |
| Morningstar Investment Management L | INV ADV, PARTICIPANTS | $0 | $0 |
| Wilshire Advisors LLC | INVESTMENT ADVISORY | $0 | $0 |