2023 Form 5500 filing — New England Federal Credit Union Salary Savings Plan
Plain-English filing 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, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240731153430NAL0022577633001) for New England Federal Credit Union Salary Savings Plan, reported by New England Federal Credit Union under EIN 03-0213411 and plan number 003. It reports 280 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240731153430NAL0022577633001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- New England Federal Credit Union
- EIN
- 03-0213411
- Plan number
- 003
- Location
- Williston, VT
- Participants
- 280
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $46,588,501
- Net assets (EOY)
- $46,588,501
- Employer contributions
- $2,265,185
- Participant contributions
- $2,495,803
- Total income / additions
- $11,627,258
- Benefits paid
- $3,085,795
- Administrative expenses
- $17,721
- Total expenses
- $3,103,516
- Net increase / (decrease)
- $8,523,742
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $117,082 | $0 |
| Global Retirement Partners LLC | ADVISORS BROKER DEALER | $0 | $59,343 |