Corning Federal Credit Union 401(K) Plan — Form 5500 plan (Corning 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, Corning Federal Credit Union 401(K) Plan is a benefit plan reported by Corning Federal Credit Union under EIN 16-6028994 and plan number 001. The latest loaded filing year is 2023. The filing reports 558 participants and $71,684,569 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Corning Federal Credit Union
- EIN
- 16-6028994
- Plan number
- 001
- Plan type
- 2
- Location
- Corning, NY
- Latest filing year
- 2023
- Participants
- 558
- End-of-year plan assets
- $71,684,569
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 558 | H, C | 20240913134215NAL0017115312001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $71,684,569
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $71,684,569
- Net assets (BOY)
- $59,090,285
Income & contributions
- Employer contributions
- $2,382,653
- Participant contributions
- $2,482,136
- Total contributions
- $4,968,751
- Total income / additions
- $15,097,113
Expenses & distributions
- Benefits paid
- $2,395,567
- Administrative expenses
- $107,262
- Total expenses
- $2,502,829
- Net increase / (decrease)
- $12,594,284
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Cmfg Life Insurance Company | NONE | $62,262 | $0 | 2023 |
| Mariner Wealth Advisors, LLC | NONE | $45,000 | not reported in the loaded dataset | 2023 |