Profed Retirement Readiness 401(K) Plan — Form 5500 plan (Profed 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, Profed Retirement Readiness 401(K) Plan is a benefit plan reported by Profed Federal Credit Union under EIN 35-0886187 and plan number 001. The latest loaded filing year is 2023. The filing reports 199 participants and $14,913,718 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Profed Federal Credit Union
- EIN
- 35-0886187
- Plan number
- 001
- Plan type
- 2
- Location
- Fort Wayne, IN
- Latest filing year
- 2023
- Participants
- 199
- End-of-year plan assets
- $14,913,718
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 199 | H, C | 20240903103459NAL0041197378001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $14,913,718
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $14,913,718
- Net assets (BOY)
- $13,140,688
Income & contributions
- Employer contributions
- $315,160
- Participant contributions
- $533,117
- Total contributions
- $848,277
- Total income / additions
- $2,800,561
Expenses & distributions
- Benefits paid
- $974,863
- Administrative expenses
- $52,668
- Total expenses
- $1,027,531
- Net increase / (decrease)
- $1,773,030
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| United Planners Financial Services | INVESTMENT ADVISOR | $27,901 | not reported in the loaded dataset | 2023 |
| Empower Annuity Insurance Company | RECORDKEEPER | $20,308 | $0 | 2023 |
| Retirement Plan Concepts & Services | CONTRACT ADMIN. | $1,200 | $10,000 | 2023 |
| Empower Advisory Group,LLC | INVESTMENT MGMT | $3,259 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Profed Federal Credit Union
- 2023 Form 5500 filing
- Form 5500 filings in IN
- 401(k) and benefit plan filings in Fort Wayne, IN
- United Planners Financial Services — Schedule C compensation
- Empower Annuity Insurance Company — Schedule C compensation
- Retirement Plan Concepts & Services — Schedule C compensation
- Empower Advisory Group,LLC — Schedule C compensation