Financial Plus Credit Union Retirement Plan — Form 5500 plan (Financial Plus 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, Financial Plus Credit Union Retirement Plan is a benefit plan reported by Financial Plus Credit Union under EIN 38-1439120 and plan number 001. The latest loaded filing year is 2023. The filing reports 240 participants and $21,242,075 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Financial Plus Credit Union
- EIN
- 38-1439120
- Plan number
- 001
- Plan type
- 2
- Location
- Flint, MI
- Latest filing year
- 2023
- Participants
- 240
- End-of-year plan assets
- $21,242,075
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 240 | H, C | 20241010140509NAL0021158465001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $21,242,075
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $21,242,075
- Net assets (BOY)
- $17,808,943
Income & contributions
- Employer contributions
- $1,161,676
- Participant contributions
- $787,016
- Total contributions
- $2,135,108
- Total income / additions
- $5,090,488
Expenses & distributions
- Benefits paid
- $1,558,525
- Administrative expenses
- $98,831
- Total expenses
- $1,657,356
- Net increase / (decrease)
- $3,433,132
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $98,831 | $0 | 2023 |
| Stephens Wealth Management Group, I | INVESTMENT ADVISORY | $0 | $45,745 | 2023 |