Rave Financial 401(K) Profit Sharing Plan — Form 5500 plan (Rave 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, Rave Financial 401(K) Profit Sharing Plan is a benefit plan reported by Rave Financial Credit Union under EIN 74-1115584 and plan number 002. The latest loaded filing year is 2023. The filing reports 334 participants and $18,643,265 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Rave Financial Credit Union
- EIN
- 74-1115584
- Plan number
- 002
- Plan type
- 2
- Location
- Beaumont, TX
- Latest filing year
- 2023
- Participants
- 334
- End-of-year plan assets
- $18,643,265
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 334 | H, C | 20241008134714NAL0008424499001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $18,643,265
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $18,643,265
- Net assets (BOY)
- $16,368,933
Income & contributions
- Employer contributions
- $1,459,497
- Participant contributions
- $921,246
- Total contributions
- $2,569,026
- Total income / additions
- $4,894,050
Expenses & distributions
- Benefits paid
- $2,600,392
- Administrative expenses
- $19,326
- Total expenses
- $2,619,718
- Net increase / (decrease)
- $2,274,332
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Stancorp Financial Group | NONE | $105,009 | not reported in the loaded dataset | 2023 |