2023 Form 5500 filing — Directions Credit Union 401(K) Plan And Trust
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 20241003090807NAL0005609907001) for Directions Credit Union 401(K) Plan And Trust, reported by Directions Credit Union under EIN 34-4475249 and plan number 001. It reports 350 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
Form 5500 2 · 2023
Filing snapshot
Net assets (EOY)$16.5MReported net assets$16,503,802
Participants350
Provider compensation$17.7K2 Schedule C row(s)$17,671
Schedules filedSchedule H, Schedule CLoaded schedules
- EFAST2 acknowledgement
- 20241003090807NAL0005609907001
- Plan sponsor
- Directions Credit Union
- EIN
- 34-4475249
- Plan number
- 001
- Location
- Toledo, OH
- Received date
- not reported in the loaded dataset
Schedule H · 2023
Reported financial snapshot
Reported figures as filed, in whole dollars. Only fields the filing reports are shown.
Reported balance (end of year)$16.5M total assets
Net assets$16.5MLiabilities$472
Full reported line items
- Total assets (EOY)
- $16,504,274
- Total liabilities (EOY)
- $472
- Net assets (EOY)
- $16,503,802
- Employer contributions
- $332,623
- Participant contributions
- $1,054,136
- Total income / additions
- $3,662,844
- Benefits paid
- $2,478,432
- Administrative expenses
- $62,785
- Total expenses
- $2,541,872
- Net increase / (decrease)
- $1,120,972
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Pension Innovations & Consulting | NONE | $9,836 | $0 |
| John Hancock Life Insurance Company | NONE | $7,835 | $0 |