Plan5500

Power Financial Credit Union 401(K) Plan — Form 5500 plan (Power Financial 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, Power Financial Credit Union 401(K) Plan is a benefit plan reported by Power Financial Credit Union under EIN 59-0690962 and plan number 002. The latest loaded filing year is 2023. The filing reports 173 participants and $15,312,821 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$15.3MPlan net assets, end of year$15,312,821
Participants173Covered participants reported
Assets / participant$88.5KComputed: assets ÷ participants$88,513 (computed)
Provider compensation$4.7K1 Schedule C provider row(s)$4,687
Plan sponsor
Power Financial Credit Union
EIN
59-0690962
Plan number
002
Plan type
2
Location
Pembroke Pines, FL
Latest filing year
2023
EFAST2 filings

Form 5500 filing history

Each loaded annual filing for this plan. Open one for its full reported snapshot.

  1. 2023
    173 participants · 2Sch HSch C
    View filing →
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)$15.3M total assets
Net assets$15.3MLiabilities$0
Money in vs. money out
Total income / additions$2.8M
Total expenses$1.3M
Benefits paid / distributions$1.3M
Contributions
Employer$339.3K
Participant$639.1K
Full reported line items

Net assets

Total assets (EOY)
$15,312,821
Total liabilities (EOY)
$0
Net assets (EOY)
$15,312,821
Net assets (BOY)
$13,754,544

Income & contributions

Employer contributions
$339,287
Participant contributions
$639,085
Total contributions
$1,114,780
Total income / additions
$2,841,344

Expenses & distributions

Benefits paid
$1,278,380
Administrative expenses
$4,687
Total expenses
$1,283,067
Net increase / (decrease)
$1,558,277
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.

Contribution share (employer vs. participant)
Employer 35%Participant 65%
Total expenses ÷ net assets8%Computed ratio
Benefits paid ÷ total income45%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Schedule C

Service provider compensation

Reported direct + indirect compensation per provider, ranked. Bars show relative scale.

  1. 1
    Nationwide$4.7K
    RECORDKEEPER · Direct $4.7K · Indirect $0

Related Form 5500 pages