Valleystar Credit Union 401(K) Retirement Plan — Form 5500 plan (Valleystar 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, Valleystar Credit Union 401(K) Retirement Plan is a benefit plan reported by Valleystar Credit Union under EIN 54-6040482 and plan number 001. The latest loaded filing year is 2023. The filing reports 167 participants and $14,539,460 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Valleystar Credit Union
- EIN
- 54-6040482
- Plan number
- 001
- Plan type
- 2
- Location
- Martinsville, VA
- Latest filing year
- 2023
- Participants
- 167
- End-of-year plan assets
- $14,539,460
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 167 | H, C | 20241015144809NAL0049992000001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $14,539,460
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $14,539,460
- Net assets (BOY)
- $11,567,078
Income & contributions
- Employer contributions
- $679,730
- Participant contributions
- $473,511
- Total contributions
- $1,156,640
- Total income / additions
- $3,366,637
Expenses & distributions
- Benefits paid
- $385,759
- Administrative expenses
- $8,496
- Total expenses
- $394,255
- Net increase / (decrease)
- $2,972,382
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Minnesota Life Insurance Company | NONE | $8,497 | $0 | 2023 |