Founders Federal Credit Union Defined Contribution Plan — Form 5500 plan (Founders 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, Founders Federal Credit Union Defined Contribution Plan is a benefit plan reported by Founders Federal Credit Union under EIN 57-0762987 and plan number 002. The latest loaded filing year is 2023. The filing reports 934 participants and $124,018,016 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Founders Federal Credit Union
- EIN
- 57-0762987
- Plan number
- 002
- Plan type
- 2
- Location
- Lancaster, SC
- Latest filing year
- 2023
- Participants
- 934
- End-of-year plan assets
- $124,018,016
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 934 | H, C | 20240820154827NAL0006219394001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $124,018,016
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $124,018,016
- Net assets (BOY)
- $109,476,383
Income & contributions
- Employer contributions
- $4,091,327
- Participant contributions
- $3,536,285
- Total contributions
- $8,881,624
- Total income / additions
- $27,228,585
Expenses & distributions
- Benefits paid
- $12,621,766
- Administrative expenses
- $65,186
- Total expenses
- $12,686,952
- Net increase / (decrease)
- $14,541,633
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $65,186 | $0 | 2023 |
| Principal Securities Inc | OTHER SERVICES | $0 | $27,046 | 2023 |
| Wilshire Advisors LLC | INVESTMENT ADVISORY | $0 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Founders Federal Credit Union
- 2023 Form 5500 filing
- Form 5500 filings in SC
- 401(k) and benefit plan filings in Lancaster, SC
- Principal Life Insurance Company — Schedule C compensation
- Principal Securities Inc — Schedule C compensation
- Wilshire Advisors LLC — Schedule C compensation