Beacon Credit Union 401(K) Plan And Trust — Form 5500 plan (Beacon 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, Beacon Credit Union 401(K) Plan And Trust is a benefit plan reported by Beacon Credit Union under EIN 35-6025844 and plan number 003. The latest loaded filing year is 2023. The filing reports 291 participants and $13,231,306 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Beacon Credit Union
- EIN
- 35-6025844
- Plan number
- 003
- Plan type
- 2
- Location
- Wabash, IN
- Latest filing year
- 2023
- Participants
- 291
- End-of-year plan assets
- $13,231,306
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 291 | H, C | 20241015140729NAL0016581699001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $13,231,306
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $13,231,306
- Net assets (BOY)
- $10,527,701
Income & contributions
- Employer contributions
- $335,909
- Participant contributions
- $1,328,938
- Total contributions
- $1,767,413
- Total income / additions
- $3,697,970
Expenses & distributions
- Benefits paid
- $902,476
- Administrative expenses
- $60,481
- Total expenses
- $994,365
- Net increase / (decrease)
- $2,703,605
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $32,368 | $0 | 2023 |
| Lion Street Advisors | INVESTMENT ADVISORY | $28,094 | $25 | 2023 |
| Morningstar Investment Management L | INV ADV, PARTICIPANTS | $0 | $0 | 2023 |