Abound Federal Credit Union Employees Retirement Savings Plan — Form 5500 plan (Abound 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, Abound Federal Credit Union Employees Retirement Savings Plan is a benefit plan reported by Abound Federal Credit Union under EIN 61-0549068 and plan number 002. The latest loaded filing year is 2023. The filing reports 392 participants and $10,196,552 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Abound Federal Credit Union
- EIN
- 61-0549068
- Plan number
- 002
- Plan type
- 2
- Location
- Radcliff, KY
- Latest filing year
- 2023
- Participants
- 392
- End-of-year plan assets
- $10,196,552
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 392 | H, C | 20241015181625NAL0015237251001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $10,196,552
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $10,196,552
- Net assets (BOY)
- $10,013,684
Income & contributions
- Employer contributions
- $177,461
- Participant contributions
- $1,075,771
- Total contributions
- $1,439,582
- Total income / additions
- $3,014,358
Expenses & distributions
- Benefits paid
- $2,804,294
- Administrative expenses
- $27,196
- Total expenses
- $2,831,490
- Net increase / (decrease)
- $182,868
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Cmfg Life Insurance Company | NONE | $18,658 | $0 | 2023 |
| Members Capital Advisors, Inc. | NONE | $8,538 | not reported in the loaded dataset | 2023 |