Commonwealth Credit Union 401(K) Retirement Savings Plan — Form 5500 plan (Commonwealth 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, Commonwealth Credit Union 401(K) Retirement Savings Plan is a benefit plan reported by Commonwealth Credit Union, Inc. under EIN 61-0671028 and plan number 005. The latest loaded filing year is 2023. The filing reports 398 participants and $17,031,024 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Commonwealth Credit Union, Inc.
- EIN
- 61-0671028
- Plan number
- 005
- Plan type
- 2
- Location
- Frankfort, KY
- Latest filing year
- 2023
- Participants
- 398
- End-of-year plan assets
- $17,031,024
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 398 | H, C | 20241125171755NAL0002073331001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $17,031,024
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $17,031,024
- Net assets (BOY)
- $13,950,860
Income & contributions
- Employer contributions
- $273,999
- Participant contributions
- $1,753,397
- Total contributions
- $2,102,359
- Total income / additions
- $4,111,087
Expenses & distributions
- Benefits paid
- $991,965
- Administrative expenses
- $38,958
- Total expenses
- $1,030,923
- Net increase / (decrease)
- $3,080,164
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $38,958 | $0 | 2023 |
| Morningstar Investment Management L | INV ADV, PARTICIPANTS | $0 | $0 | 2023 |
| Wilshire Advisors LLC | INVESTMENT ADVISORY | $0 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Commonwealth Credit Union, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in KY
- 401(k) and benefit plan filings in Frankfort, KY
- Principal Life Insurance Company — Schedule C compensation
- Morningstar Investment Management L — Schedule C compensation
- Wilshire Advisors LLC — Schedule C compensation