2023 Form 5500 filing — Virginia Credit Union 401(K) 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 20241015075550NAL0015959827001) for Virginia Credit Union 401(K) Savings Plan, reported by Virginia Credit Union, Inc. under EIN 54-0578719 and plan number 002. It reports 878 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)$90.8MReported net assets$90,767,447
Participants878
Provider compensation$96.2K1 Schedule C row(s)$96,224
Schedules filedSchedule H, Schedule CLoaded schedules
- EFAST2 acknowledgement
- 20241015075550NAL0015959827001
- Plan sponsor
- Virginia Credit Union, Inc.
- EIN
- 54-0578719
- Plan number
- 002
- Location
- Richmond, VA
- 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)$90.8M total assets
Net assets$90.8MLiabilities$0
Full reported line items
- Total assets (EOY)
- $90,767,447
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $90,767,447
- Employer contributions
- $2,904,791
- Participant contributions
- $5,410,261
- Total income / additions
- $20,698,245
- Benefits paid
- $4,118,378
- Administrative expenses
- $96,224
- Total expenses
- $4,214,602
- Net increase / (decrease)
- $16,483,643
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $96,224 | $0 |