Community Choice Credit Union 401(K) Savings Plan — Form 5500 plan (Community Choice 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, Community Choice Credit Union 401(K) Savings Plan is a benefit plan reported by Community Choice Credit Union under EIN 38-0960035 and plan number 001. The latest loaded filing year is 2023. The filing reports 527 participants and $33,713,704 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$33.7MPlan net assets, end of year$33,713,704
Participants527Covered participants reported
Assets / participant$64KComputed: assets ÷ participants$63,973 (computed)
Provider compensation$114.5K2 Schedule C provider row(s)$114,529
- Plan sponsor
- Community Choice Credit Union
- EIN
- 38-0960035
- Plan number
- 001
- Plan type
- 2
- Location
- Farmington Hills, MI
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 527 | H, C | 20241011131753NAL0012527939001 |
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)$33.7M total assets
Net assets$33.7MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $33,713,704
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $33,713,704
- Net assets (BOY)
- $27,214,703
Income & contributions
- Employer contributions
- $1,100,590
- Participant contributions
- $2,064,352
- Total contributions
- $3,233,043
- Total income / additions
- $8,565,011
Expenses & distributions
- Benefits paid
- $1,951,481
- Administrative expenses
- $114,529
- Total expenses
- $2,066,010
- Net increase / (decrease)
- $6,499,001
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.
35%65%
Employer 35%Participant 65%
Total expenses ÷ net assets6%Computed ratio
Benefits paid ÷ total income23%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Cpi Qualified Plan Consultants, Inc | NONE | $65,146 | not reported in the loaded dataset | 2023 |
| Lpl Financial LLC | NONE | $49,383 | not reported in the loaded dataset | 2023 |