Directions Credit Union 401(K) Plan And Trust — Form 5500 plan (Directions 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, Directions Credit Union 401(K) Plan And Trust is a benefit plan reported by Directions Credit Union under EIN 34-4475249 and plan number 001. The latest loaded filing year is 2023. The filing reports 350 participants and $16,504,274 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Directions Credit Union
- EIN
- 34-4475249
- Plan number
- 001
- Plan type
- 2
- Location
- Toledo, OH
- Latest filing year
- 2023
- Participants
- 350
- End-of-year plan assets
- $16,504,274
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 350 | H, C | 20241003090807NAL0005609907001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $16,504,274
- Total liabilities (EOY)
- $472
- Net assets (EOY)
- $16,503,802
- Net assets (BOY)
- $15,382,830
Income & contributions
- Employer contributions
- $332,623
- Participant contributions
- $1,054,136
- Total contributions
- $1,544,503
- Total income / additions
- $3,662,844
Expenses & distributions
- Benefits paid
- $2,478,432
- Administrative expenses
- $62,785
- Total expenses
- $2,541,872
- Net increase / (decrease)
- $1,120,972
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Pension Innovations & Consulting | NONE | $9,836 | $0 | 2023 |
| John Hancock Life Insurance Company | NONE | $7,835 | $0 | 2023 |