Merrimack Valley Credit Union 401(K) Plan — Form 5500 plan (Merrimack Valley 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, Merrimack Valley Credit Union 401(K) Plan is a benefit plan reported by Merrimack Valley Credit Union under EIN 04-2206928 and plan number 002. The latest loaded filing year is 2023. The filing reports 272 participants and $20,532,280 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Merrimack Valley Credit Union
- EIN
- 04-2206928
- Plan number
- 002
- Plan type
- 2
- Location
- Lawrence, MA
- Latest filing year
- 2023
- Participants
- 272
- End-of-year plan assets
- $20,532,280
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 272 | H, C | 20241010105309NAL0009928179001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $20,532,280
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $20,532,280
- Net assets (BOY)
- $16,116,322
Income & contributions
- Employer contributions
- $1,143,094
- Participant contributions
- $1,191,927
- Total contributions
- $2,551,409
- Total income / additions
- $5,547,181
Expenses & distributions
- Benefits paid
- $1,105,666
- Administrative expenses
- $25,557
- Total expenses
- $1,131,223
- Net increase / (decrease)
- $4,415,958
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Cmfg Life Insurance Company | NONE | $25,842 | $0 | 2023 |