2023 Form 5500 filing — Sharonview Federal Credit Union 401(K) 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 20241015163250NAL0015086675001) for Sharonview Federal Credit Union 401(K) Plan, reported by Sharonview Federal Credit Union under EIN 56-6048692 and plan number 002. It reports 401 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015163250NAL0015086675001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Sharonview Federal Credit Union
- EIN
- 56-6048692
- Plan number
- 002
- Location
- Indian Land, SC
- Participants
- 401
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $44,290,177
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $44,290,177
- Employer contributions
- $777,002
- Participant contributions
- $1,792,827
- Total income / additions
- $9,361,165
- Benefits paid
- $4,145,817
- Administrative expenses
- $77,554
- Total expenses
- $4,223,371
- Net increase / (decrease)
- $5,137,794
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $77,551 | $0 |
| Resources Investment Advisors | INVESTMENT ADVISORY | $0 | $19,651 |