Cornerstone Community Federal Credit Union Capital Accumulation Plan — Form 5500 plan (Cornerstone Community 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, Cornerstone Community Federal Credit Union Capital Accumulation Plan is a benefit plan reported by Cornerstone Community Federal Credit Union under EIN 16-0817398 and plan number 033. The latest loaded filing year is 2023. The filing reports 160 participants and $16,379,601 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Cornerstone Community Federal Credit Union
- EIN
- 16-0817398
- Plan number
- 033
- Plan type
- 2
- Location
- Lockport, NY
- Latest filing year
- 2023
- Participants
- 160
- End-of-year plan assets
- $16,379,601
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 160 | H, C | 20240924122905NAL0012773649001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $16,379,601
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $16,379,601
- Net assets (BOY)
- $13,435,868
Income & contributions
- Employer contributions
- $634,227
- Participant contributions
- $721,819
- Total contributions
- $1,864,020
- Total income / additions
- $3,878,481
Expenses & distributions
- Benefits paid
- $910,592
- Administrative expenses
- $18,385
- Total expenses
- $934,748
- Net increase / (decrease)
- $2,943,733
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $18,411 | $0 | 2023 |