New England Federal Credit Union Salary Savings Plan — Form 5500 plan (New England Federal Credit Union)
Plain-English plan 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, New England Federal Credit Union Salary Savings Plan is a benefit plan reported by New England Federal Credit Union under EIN 03-0213411 and plan number 003. The latest loaded filing year is 2023. The filing reports 280 participants and $46,588,501 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- New England Federal Credit Union
- EIN
- 03-0213411
- Plan number
- 003
- Plan type
- 2
- Location
- Williston, VT
- Latest filing year
- 2023
- Participants
- 280
- End-of-year plan assets
- $46,588,501
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 280 | H, C | 20240731153430NAL0022577633001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $46,588,501
- Net assets (EOY)
- $46,588,501
- Net assets (BOY)
- $14,554,039
Income & contributions
- Employer contributions
- $2,265,185
- Participant contributions
- $2,495,803
- Total contributions
- $6,317,624
- Total income / additions
- $11,627,258
Expenses & distributions
- Benefits paid
- $3,085,795
- Administrative expenses
- $17,721
- Total expenses
- $3,103,516
- Net increase / (decrease)
- $8,523,742
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $117,082 | $0 | 2023 |
| Global Retirement Partners LLC | ADVISORS BROKER DEALER | $0 | $59,343 | 2023 |