Plan5500

The Summit Federal Credit Union Pension Plan — Form 5500 plan (Summit Federal Credit Union)

Plain-English plan 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, The Summit Federal Credit Union Pension Plan is a benefit plan reported by Summit Federal Credit Union under EIN 16-0754720 and plan number 001. The latest loaded filing year is 2023. The filing reports 337 participants and $34,049,221 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Summit Federal Credit Union
EIN
16-0754720
Plan number
001
Plan type
2
Location
Rochester, NY
Latest filing year
2023
Participants
337
End-of-year plan assets
$34,049,221

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023337H, C20250410082546NAL0023936497001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$34,049,221
Total liabilities (EOY)
$0
Net assets (EOY)
$34,049,221
Net assets (BOY)
$31,828,140

Income & contributions

Total contributions
$0
Total income / additions
$3,216,710

Expenses & distributions

Benefits paid
$849,453
Administrative expenses
$146,176
Total expenses
$995,629
Net increase / (decrease)
$2,221,081

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Principal Life Insurance CompanyCONTRACT ADMINISTRATOR$129,077$02023
Sage, Rutty And Co., Inc.INVESTMENT ADVISORY$0$44,6642023
Principal Global Investors LLCINVESTMENT ADVISORY$17,099not reported in the loaded dataset2023

Related Form 5500 pages