Max Credit Union Capital Accumulation Plan — Form 5500 plan (Max 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, Max Credit Union Capital Accumulation Plan is a benefit plan reported by Max Credit Union under EIN 36-4618706 and plan number 002. The latest loaded filing year is 2023. The filing reports 387 participants and $52,510,805 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Max Credit Union
- EIN
- 36-4618706
- Plan number
- 002
- Plan type
- 2
- Location
- Montgomery, AL
- Latest filing year
- 2023
- Participants
- 387
- End-of-year plan assets
- $52,510,805
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 387 | H, C | 20240730104635NAL0033980832001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $52,510,805
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $52,510,805
- Net assets (BOY)
- $48,821,440
Income & contributions
- Employer contributions
- $1,673,149
- Participant contributions
- $1,726,999
- Total contributions
- $3,528,853
- Total income / additions
- $9,617,615
Expenses & distributions
- Benefits paid
- $5,875,667
- Administrative expenses
- $20,832
- Total expenses
- $5,928,250
- Net increase / (decrease)
- $3,689,365
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Nationwide | RECORDKEEPER | $13,278 | $0 | 2023 |
| Empower Annuity Insurance Company O | RECORDKEEPER | $7,555 | $0 | 2023 |