Leominster Credit Union 401(K) Profit Sharing Plan — Form 5500 plan (Leominster 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, Leominster Credit Union 401(K) Profit Sharing Plan is a benefit plan reported by Leominster Credit Union under EIN 04-2348884 and plan number 002. The latest loaded filing year is 2023. The filing reports 195 participants and $17,748,447 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Leominster Credit Union
- EIN
- 04-2348884
- Plan number
- 002
- Plan type
- 2
- Location
- Leominster, MA
- Latest filing year
- 2023
- Participants
- 195
- End-of-year plan assets
- $17,748,447
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 195 | H, C | 20240724091013NAL0012750321001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $17,748,447
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $17,748,447
- Net assets (BOY)
- $15,945,040
Income & contributions
- Employer contributions
- $737,554
- Participant contributions
- $774,753
- Total contributions
- $1,579,169
- Total income / additions
- $4,060,220
Expenses & distributions
- Benefits paid
- $2,232,213
- Administrative expenses
- $24,600
- Total expenses
- $2,256,813
- Net increase / (decrease)
- $1,803,407
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Commonwealth Financial Network | ADVISOR | $20,000 | not reported in the loaded dataset | 2023 |
| Voya Retirement Ins. & Annuity Co. | RECORDKEEPER | $1,750 | $0 | 2023 |