Virginia Credit Union, Inc. Defined Benefit Plan — Form 5500 plan (Virginia Credit Union, Inc.)
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, Virginia Credit Union, Inc. Defined Benefit Plan is a benefit plan reported by Virginia Credit Union, Inc. under EIN 54-0578719 and plan number 001. The latest loaded filing year is 2023. The filing reports 830 participants and $96,082,897 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$96.1MPlan net assets, end of year$96,082,897
Participants830Covered participants reported
Assets / participant$115.8KComputed: assets ÷ participants$115,763 (computed)
Provider compensation$93.3K1 Schedule C provider row(s)$93,336
- Plan sponsor
- Virginia Credit Union, Inc.
- EIN
- 54-0578719
- Plan number
- 001
- Plan type
- 2
- Location
- Richmond, VA
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 830 | H, C | 20241015075645NAL0027790273001 |
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)$96.1M total assets
Net assets$96.1MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $96,082,897
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $96,082,897
- Net assets (BOY)
- $78,436,110
Income & contributions
- Employer contributions
- $8,250,000
- Total contributions
- $8,250,000
- Total income / additions
- $20,336,902
Expenses & distributions
- Benefits paid
- $2,524,779
- Administrative expenses
- $165,336
- Total expenses
- $2,690,115
- Net increase / (decrease)
- $17,646,787
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.
Total expenses ÷ net assets3%Computed ratio
Benefits paid ÷ total income12%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $93,336 | $0 | 2023 |