Sandia Area Federal Credit Union Defined Benefit Plan And Trust — Form 5500 plan (Sandia Area 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, Sandia Area Federal Credit Union Defined Benefit Plan And Trust is a benefit plan reported by Sandia Area Federal Credit Union under EIN 85-0128861 and plan number 004. The latest loaded filing year is 2023. The filing reports 135 participants and $15,089,151 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$15.1MPlan net assets, end of year$15,089,151
Participants135Covered participants reported
Assets / participant$111.8KComputed: assets ÷ participants$111,771 (computed)
Provider compensation$58.3K2 Schedule C provider row(s)$58,333
- Plan sponsor
- Sandia Area Federal Credit Union
- EIN
- 85-0128861
- Plan number
- 004
- Plan type
- 2
- Location
- Albuquerque, NM
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 135 | H, C | 20241011143941NAL0037216128001 |
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)$15.1M total assets
Net assets$15.1MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $15,089,151
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $15,089,151
- Net assets (BOY)
- $13,408,702
Income & contributions
- Total contributions
- $0
- Total income / additions
- $2,003,523
Expenses & distributions
- Benefits paid
- $264,741
- Administrative expenses
- $58,333
- Total expenses
- $323,074
- Net increase / (decrease)
- $1,680,449
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.
Total expenses ÷ net assets2%Computed ratio
Benefits paid ÷ total income13%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Cmfg Life Insurance Company | NONE | $45,370 | $0 | 2023 |
| Members Capital Advisors, Inc | NONE | $12,963 | not reported in the loaded dataset | 2023 |