Summit Credit Union Retirement Pension Plan — Form 5500 plan (Summit 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, Summit Credit Union Retirement Pension Plan is a benefit plan reported by Summit Credit Union under EIN 39-0230585 and plan number 001. The latest loaded filing year is 2023. The filing reports 825 participants and $20,914,662 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Summit Credit Union
- EIN
- 39-0230585
- Plan number
- 001
- Plan type
- 2
- Location
- Cottage Grove, WI
- Latest filing year
- 2023
- Participants
- 825
- End-of-year plan assets
- $20,914,662
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 825 | H, C | 20241014140143NAL0013413491001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $20,914,662
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $20,914,662
- Net assets (BOY)
- $13,723,296
Income & contributions
- Employer contributions
- $5,754,667
- Total contributions
- $5,754,667
- Total income / additions
- $7,862,221
Expenses & distributions
- Benefits paid
- $619,701
- Administrative expenses
- $51,154
- Total expenses
- $670,855
- Net increase / (decrease)
- $7,191,366
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Cmfg Life Insurance Company | NONE | $48,558 | not reported in the loaded dataset | 2023 |
| Trusteed Retirement Program | NONE | $2,597 | not reported in the loaded dataset | 2023 |