Metro Credit Union 401(K) Plan — Form 5500 plan (Metro 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, Metro Credit Union 401(K) Plan is a benefit plan reported by Metro Credit Union under EIN 04-1695745 and plan number 003. The latest loaded filing year is 2023. The filing reports 543 participants and $33,443,577 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Metro Credit Union
- EIN
- 04-1695745
- Plan number
- 003
- Plan type
- 2
- Location
- Chelsea, MA
- Latest filing year
- 2023
- Participants
- 543
- End-of-year plan assets
- $33,443,577
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 543 | H, C | 20241004160909NAL0005809315001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $33,443,577
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $33,443,577
- Net assets (BOY)
- $29,251,900
Income & contributions
- Employer contributions
- $1,180,541
- Participant contributions
- $1,780,365
- Total contributions
- $3,194,092
- Total income / additions
- $7,833,267
Expenses & distributions
- Benefits paid
- $3,584,669
- Administrative expenses
- $39,041
- Total expenses
- $3,641,590
- Net increase / (decrease)
- $4,191,677
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| The Angell Pension Group, Inc. | RECORDKEEPER | $22,816 | $0 | 2023 |
| Gallagher Benefit Services | OTHER | $14,000 | not reported in the loaded dataset | 2023 |
| Empower Annuity Ins Co Of America | RECORDKEEPER | $5,075 | $0 | 2023 |