2023 Form 5500 filing — Summit Credit Union Capital Accumulation 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 20241003150339NAL0005801571001) for Summit Credit Union Capital Accumulation Plan, reported by Summit Credit Union under EIN 39-0230585 and plan number 011. It reports 1,192 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)$105.7MReported net assets$105,749,226
Participants1.2K1,192
Provider compensation$233.1K2 Schedule C row(s)$233,105
Schedules filedSchedule H, Schedule CLoaded schedules
- EFAST2 acknowledgement
- 20241003150339NAL0005801571001
- Plan sponsor
- Summit Credit Union
- EIN
- 39-0230585
- Plan number
- 011
- Location
- Madison, WI
- 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)$105.7M total assets
Net assets$105.7MLiabilities$0
Full reported line items
- Total assets (EOY)
- $105,749,226
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $105,749,226
- Employer contributions
- $5,173,511
- Participant contributions
- $4,359,893
- Total income / additions
- $27,853,440
- Benefits paid
- $6,622,528
- Administrative expenses
- $233,105
- Total expenses
- $6,855,633
- Net increase / (decrease)
- $20,997,807
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Cmfg Life Insurance Company | NONE | $216,961 | $0 |
| Board Of Trustees Of Retirement Pro | NONE | $16,144 | not reported in the loaded dataset |