2023 Form 5500 filing — Founders Federal Credit Union Defined Contribution 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 20240820154827NAL0006219394001) for Founders Federal Credit Union Defined Contribution Plan, reported by Founders Federal Credit Union under EIN 57-0762987 and plan number 002. It reports 934 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240820154827NAL0006219394001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Founders Federal Credit Union
- EIN
- 57-0762987
- Plan number
- 002
- Location
- Lancaster, SC
- Participants
- 934
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $124,018,016
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $124,018,016
- Employer contributions
- $4,091,327
- Participant contributions
- $3,536,285
- Total income / additions
- $27,228,585
- Benefits paid
- $12,621,766
- Administrative expenses
- $65,186
- Total expenses
- $12,686,952
- Net increase / (decrease)
- $14,541,633
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $65,186 | $0 |
| Principal Securities Inc | OTHER SERVICES | $0 | $27,046 |
| Wilshire Advisors LLC | INVESTMENT ADVISORY | $0 | $0 |