Midwest America Federal Credit Union 401(K) Profit Sharing — Form 5500 plan (Midwest America 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, Midwest America Federal Credit Union 401(K) Profit Sharing is a benefit plan reported by Midwest America Federal Credit Union under EIN 35-0316722 and plan number 002. The latest loaded filing year is 2023. The filing reports 308 participants and $13,074,286 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$13.1MPlan net assets, end of year$13,074,234
Participants308Covered participants reported
Assets / participant$42.4KComputed: assets ÷ participants$42,449 (computed)
Provider compensation$33.2K2 Schedule C provider row(s)$33,162
- Plan sponsor
- Midwest America Federal Credit Union
- EIN
- 35-0316722
- Plan number
- 002
- Plan type
- 2
- Location
- Fort Wayne, IN
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 308 | H, C | 20240918124345NAL0004341441001 |
Schedule H · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Reported balance (end of year)$13.1M total assets
Net assets$13.1MLiabilities$52
Full reported line items
Net assets
- Total assets (EOY)
- $13,074,286
- Total liabilities (EOY)
- $52
- Net assets (EOY)
- $13,074,234
- Net assets (BOY)
- $15,463,501
Income & contributions
- Employer contributions
- $572,652
- Participant contributions
- $677,883
- Total contributions
- $1,538,275
- Total income / additions
- $3,537,668
Expenses & distributions
- Benefits paid
- $5,870,244
- Administrative expenses
- $56,691
- Total expenses
- $5,926,935
- Net increase / (decrease)
- -$2,389,267
Computed from reported fields
Reported ratios
Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.
46%54%
Employer 46%Participant 54%
Total expenses ÷ net assets45%Computed ratio
Benefits paid ÷ total income166%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Capfinancial Partners LLC | SERVICE PROVIDER | $0 | $27,500 | 2023 |
| Ascensus | SERVICE PROVIDER | $5,662 | not reported in the loaded dataset | 2023 |