Industrial Federal Credit Union 401(K)Plan — Form 5500 plan (Industrial 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, Industrial Federal Credit Union 401(K)Plan is a benefit plan reported by Industrial Federal Credit Union under EIN 35-1090338 and plan number 001. The latest loaded filing year is 2023. The filing reports 125 participants and $7,907,315 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Industrial Federal Credit Union
- EIN
- 35-1090338
- Plan number
- 001
- Plan type
- 2
- Location
- Lafayette, IN
- Latest filing year
- 2023
- Participants
- 125
- End-of-year plan assets
- $7,907,315
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 125 | H, C | 20250211082646NAL0032278720001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $7,907,315
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $7,907,315
- Net assets (BOY)
- $7,124,454
Income & contributions
- Employer contributions
- $221,409
- Participant contributions
- $320,966
- Total contributions
- $545,675
- Total income / additions
- $1,748,593
Expenses & distributions
- Benefits paid
- $946,879
- Administrative expenses
- $18,853
- Total expenses
- $965,732
- Net increase / (decrease)
- $782,861
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Global Retirement Partners LLC | INVESTMENT ADVISOR | $21,389 | not reported in the loaded dataset | 2023 |
| Empower Annuity Insurance Company | RECORDKEEPER | $17,253 | $0 | 2023 |
| Compensation Systems, Inc. | CONTRACT ADMIN | $1,600 | $5,751 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Industrial Federal Credit Union
- 2023 Form 5500 filing
- Form 5500 filings in IN
- 401(k) and benefit plan filings in Lafayette, IN
- Global Retirement Partners LLC — Schedule C compensation
- Empower Annuity Insurance Company — Schedule C compensation
- Compensation Systems, Inc. — Schedule C compensation