Desco 401(K) Plan — Form 5500 plan (Desco 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, Desco 401(K) Plan is a benefit plan reported by Desco Federal Credit Union under EIN 31-6042202 and plan number 002. The latest loaded filing year is 2023. The filing reports 111 participants and $11,493,384 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Desco Federal Credit Union
- EIN
- 31-6042202
- Plan number
- 002
- Plan type
- 2
- Location
- Portsmouth, OH
- Latest filing year
- 2023
- Participants
- 111
- End-of-year plan assets
- $11,493,384
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 111 | H, C | 20240906135059NAL0001911504001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $11,493,384
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $11,493,384
- Net assets (BOY)
- $9,686,359
Income & contributions
- Employer contributions
- $279,726
- Participant contributions
- $377,472
- Total contributions
- $657,198
- Total income / additions
- $2,014,148
Expenses & distributions
- Benefits paid
- $135,944
- Administrative expenses
- $55,173
- Total expenses
- $207,123
- Net increase / (decrease)
- $1,807,025
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Pcs Retirement | CONTRACT ADMINISTRATOR | $32,766 | not reported in the loaded dataset | 2023 |
| Wealth Enhancement Group | INVESTMENT ADVISOR | $22,407 | not reported in the loaded dataset | 2023 |