2023 Form 5500 filing — South Carolina Federal Credit Union Employees 401k 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 20240820124621NAL0004530832001) for South Carolina Federal Credit Union Employees 401k Plan, reported by South Carolina Federal Credit Union under EIN 57-0323645 and plan number 033. It reports 616 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240820124621NAL0004530832001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- South Carolina Federal Credit Union
- EIN
- 57-0323645
- Plan number
- 033
- Location
- North Charleston, SC
- Participants
- 616
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $86,560,126
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $86,560,126
- Employer contributions
- $3,383,189
- Participant contributions
- $3,858,786
- Total income / additions
- $19,956,113
- Benefits paid
- $4,821,403
- Administrative expenses
- $140,009
- Total expenses
- $4,987,925
- Net increase / (decrease)
- $14,968,188
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Voya Retirement Insurance & Annuity | SERVICE PROVIDER | $122,034 | $38,737 |
| Morningstar Investment | SERVICE PROVIDER | $7,390 | $38,737 |
| Voya Retirement Advisors, LLC | SERVICE PROVIDER | $5,480 | not reported in the loaded dataset |
| South Carolina Federal Credit Un | SERVICE PROVIDER | $5,105 | not reported in the loaded dataset |