Avadian Credit Union 401(K) Plan — Form 5500 plan (Avadian 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, Avadian Credit Union 401(K) Plan is a benefit plan reported by Avadian Credit Union under EIN 63-0207315 and plan number 002. The latest loaded filing year is 2023. The filing reports 311 participants and $21,750,564 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$21.8MPlan net assets, end of year$21,750,564
Participants311Covered participants reported
Assets / participant$69.9KComputed: assets ÷ participants$69,938 (computed)
Provider compensation$36.1K2 Schedule C provider row(s)$36,127
- Plan sponsor
- Avadian Credit Union
- EIN
- 63-0207315
- Plan number
- 002
- Plan type
- 2
- Location
- Birmingham, AL
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 311 | H, C | 20241014205353NAL0015536803001 |
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)$21.8M total assets
Net assets$21.8MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $21,750,564
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $21,750,564
- Net assets (BOY)
- $17,666,872
Income & contributions
- Employer contributions
- $779,374
- Participant contributions
- $1,163,485
- Total contributions
- $2,469,814
- Total income / additions
- $5,431,732
Expenses & distributions
- Benefits paid
- $1,287,769
- Administrative expenses
- $60,271
- Total expenses
- $1,348,040
- Net increase / (decrease)
- $4,083,692
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.
40%60%
Employer 40%Participant 60%
Total expenses ÷ net assets6%Computed ratio
Benefits paid ÷ total income24%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Capfinancial Partners, LLC | INVESTMENT ADVISOR | $31,250 | not reported in the loaded dataset | 2023 |
| Fidelity Investments Institutional | RECORDKEEPER | $4,877 | $0 | 2023 |