Credit Union 1 401(K) Retirement Plan — Form 5500 plan (Credit Union 1)
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, Credit Union 1 401(K) Retirement Plan is a benefit plan reported by Credit Union 1 under EIN 37-0767435 and plan number 001. The latest loaded filing year is 2023. The filing reports 454 participants and $27,476,488 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$27.5MPlan net assets, end of year$27,476,488
Participants454Covered participants reported
Assets / participant$60.5KComputed: assets ÷ participants$60,521 (computed)
Provider compensation$23.9K1 Schedule C provider row(s)$23,919
- Plan sponsor
- Credit Union 1
- EIN
- 37-0767435
- Plan number
- 001
- Plan type
- 2
- Location
- Rantoul, IL
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 454 | H, C | 20240710135724NAL0009638995001 |
Schedule H · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Reported balance (end of year)$27.5M total assets
Net assets$27.5MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $27,476,488
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $27,476,488
- Net assets (BOY)
- $22,622,975
Income & contributions
- Employer contributions
- $1,171,337
- Participant contributions
- $1,411,677
- Total contributions
- $2,784,679
- Total income / additions
- $7,381,666
Expenses & distributions
- Benefits paid
- $2,487,685
- Administrative expenses
- $23,919
- Total expenses
- $2,528,153
- Net increase / (decrease)
- $4,853,513
Computed from reported fields
Reported ratios
Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.
45%55%
Employer 45%Participant 55%
Total expenses ÷ net assets9%Computed ratio
Benefits paid ÷ total income34%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Minnesota Life Insurance Company | NONE | $23,919 | $0 | 2023 |