Plan5500

Education Credit Union 401(K) Plan — Form 5500 plan (Education 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, Education Credit Union 401(K) Plan is a benefit plan reported by Education Credit Union under EIN 75-0693720 and plan number 002. The latest loaded filing year is 2023. The filing reports 177 participants and $9,763,964 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$9.8MPlan net assets, end of year$9,761,864
Participants177Covered participants reported
Assets / participant$55.2KComputed: assets ÷ participants$55,164 (computed)
Provider compensation$1.6K1 Schedule C provider row(s)$1,618
Plan sponsor
Education Credit Union
EIN
75-0693720
Plan number
002
Plan type
2
Location
Amarillo, TX
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
    177 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)$9.8M total assets
Net assets$9.8MLiabilities$2.1K
Money in vs. money out
Total income / additions$2.6M
Total expenses$921.8K
Benefits paid / distributions$886.7K
Contributions
Employer$763.6K
Participant$423K
Full reported line items

Net assets

Total assets (EOY)
$9,763,964
Total liabilities (EOY)
$2,100
Net assets (EOY)
$9,761,864
Net assets (BOY)
$8,096,908

Income & contributions

Employer contributions
$763,589
Participant contributions
$422,973
Total contributions
$1,261,913
Total income / additions
$2,586,787

Expenses & distributions

Benefits paid
$886,674
Administrative expenses
$35,157
Total expenses
$921,831
Net increase / (decrease)
$1,664,956
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 64%Participant 36%
Total expenses ÷ net assets9%Computed ratio
Benefits paid ÷ total income34%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
    John Hancock Life Ins. Company$1.6K
    RECORDKEEPER · Direct $1.6K

Related Form 5500 pages