2023 Form 5500 filing — The Summit 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 20250410083509NAL0042331906001) for The Summit Federal Credit Union 401(K) Plan, reported by Summit Federal Credit Un under EIN 16-0754720 and plan number 002. It reports 297 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20250410083509NAL0042331906001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Summit Federal Credit Un
- EIN
- 16-0754720
- Plan number
- 002
- Location
- Rochester, NY
- Participants
- 297
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $27,328,295
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $27,328,295
- Employer contributions
- $259,703
- Participant contributions
- $1,289,260
- Total income / additions
- $5,579,753
- Benefits paid
- $1,578,577
- Administrative expenses
- $81,966
- Total expenses
- $1,660,543
- Net increase / (decrease)
- $3,919,210
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $81,966 | $0 |
| Sage, Rutty And Co., Inc. | INVESTMENT ADVISORY | $0 | $32,461 |
| Morningstar Investment Management L | INV ADV, PARTICIPANTS | $0 | $0 |
| Wilshire Advisors LLC | INVESTMENT ADVISORY | $0 | $0 |