Michigan State University Federal Credit Union — Form 5500 plan (Michigan State University 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, Michigan State University Federal Credit Union is a benefit plan reported by Michigan State University Federal Credit Union under EIN 38-1373106 and plan number 002. The latest loaded filing year is 2023. The filing reports 1,424 participants and $144,292,609 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Michigan State University Federal Credit Union
EIN
38-1373106
Plan number
002
Plan type
2
Location
East Lansing, MI
Latest filing year
2023
Participants
1,424
End-of-year plan assets
$144,292,609

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
20231,424H, C20240809142349NAL0011131840001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$144,292,609
Total liabilities (EOY)
$0
Net assets (EOY)
$144,292,609
Net assets (BOY)
$111,715,029

Income & contributions

Employer contributions
$8,541,574
Participant contributions
$7,486,342
Total contributions
$18,922,986
Total income / additions
$39,503,126

Expenses & distributions

Benefits paid
$6,708,678
Administrative expenses
$212,031
Total expenses
$6,925,546
Net increase / (decrease)
$32,577,580

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Principal Life Insurance CompanyCONTRACT ADMINISTRATOR$151,811$02023
Capfinancial Partners LLCINVESTMENT ADVISORY$60,220not reported in the loaded dataset2023

Related Form 5500 pages