The Summit Federal Credit Union 401(K) Plan — Form 5500 plan (Summit Federal Credit Un)
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, The Summit Federal Credit Union 401(K) Plan is a benefit plan reported by Summit Federal Credit Un under EIN 16-0754720 and plan number 002. The latest loaded filing year is 2023. The filing reports 297 participants and $27,328,295 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Summit Federal Credit Un
- EIN
- 16-0754720
- Plan number
- 002
- Plan type
- 2
- Location
- Rochester, NY
- Latest filing year
- 2023
- Participants
- 297
- End-of-year plan assets
- $27,328,295
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 297 | H, C | 20250410083509NAL0042331906001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $27,328,295
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $27,328,295
- Net assets (BOY)
- $23,409,085
Income & contributions
- Employer contributions
- $259,703
- Participant contributions
- $1,289,260
- Total contributions
- $1,975,954
- Total income / additions
- $5,579,753
Expenses & distributions
- Benefits paid
- $1,578,577
- Administrative expenses
- $81,966
- Total expenses
- $1,660,543
- Net increase / (decrease)
- $3,919,210
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $81,966 | $0 | 2023 |
| Sage, Rutty And Co., Inc. | INVESTMENT ADVISORY | $0 | $32,461 | 2023 |
| Morningstar Investment Management L | INV ADV, PARTICIPANTS | $0 | $0 | 2023 |
| Wilshire Advisors LLC | INVESTMENT ADVISORY | $0 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Summit Federal Credit Un
- 2023 Form 5500 filing
- Form 5500 filings in NY
- 401(k) and benefit plan filings in Rochester, NY
- Principal Life Insurance Company — Schedule C compensation
- Sage, Rutty And Co., Inc. — Schedule C compensation
- Morningstar Investment Management L — Schedule C compensation
- Wilshire Advisors LLC — Schedule C compensation