Consumers Credit Union 401(K) Savings Plan — Form 5500 plan (Consumers 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, Consumers Credit Union 401(K) Savings Plan is a benefit plan reported by Consumers Credit Union under EIN 38-1438667 and plan number 001. The latest loaded filing year is 2023. The filing reports 474 participants and $41,522,195 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Consumers Credit Union
- EIN
- 38-1438667
- Plan number
- 001
- Plan type
- 2
- Location
- Kalamazoo, MI
- Latest filing year
- 2023
- Participants
- 474
- End-of-year plan assets
- $41,522,195
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 474 | H, C | 20241015105238NAL0028119521001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $41,522,195
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $41,522,195
- Net assets (BOY)
- $32,277,703
Income & contributions
- Employer contributions
- $2,132,250
- Participant contributions
- $2,455,953
- Total contributions
- $5,004,111
- Total income / additions
- $11,293,084
Expenses & distributions
- Benefits paid
- $1,936,539
- Administrative expenses
- $112,053
- Total expenses
- $2,048,592
- Net increase / (decrease)
- $9,244,492
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $112,075 | $0 | 2023 |
| Principal Securities Inc | INVESTMENT ADVISORY | $0 | $37,831 | 2023 |
| Next Financial Group Inc | INVESTMENT ADVISORY | $0 | $14,126 | 2023 |
| Morningstar Investment Management L | INV ADV, PARTICIPANTS | $0 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Consumers Credit Union
- 2023 Form 5500 filing
- Form 5500 filings in MI
- 401(k) and benefit plan filings in Kalamazoo, MI
- Principal Life Insurance Company — Schedule C compensation
- Principal Securities Inc — Schedule C compensation
- Next Financial Group Inc — Schedule C compensation
- Morningstar Investment Management L — Schedule C compensation