Elga Credit Union Employee'S 401(K) Plan — Form 5500 plan (Elga 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, Elga Credit Union Employee'S 401(K) Plan is a benefit plan reported by Elga Credit Union under EIN 38-1441242 and plan number 001. The latest loaded filing year is 2023. The filing reports 255 participants and $25,238,943 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Elga Credit Union
- EIN
- 38-1441242
- Plan number
- 001
- Plan type
- 2
- Location
- Burton, MI
- Latest filing year
- 2023
- Participants
- 255
- End-of-year plan assets
- $25,238,943
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 255 | H, C | 20241008102253NAL0016444225001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $25,238,943
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $25,238,943
- Net assets (BOY)
- $19,556,256
Income & contributions
- Employer contributions
- $1,082,622
- Participant contributions
- $1,226,708
- Total contributions
- $2,320,796
- Total income / additions
- $6,379,705
Expenses & distributions
- Benefits paid
- $619,296
- Administrative expenses
- $77,722
- Total expenses
- $697,018
- Net increase / (decrease)
- $5,682,687
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Kestra Investment Services LLC | ADVISOR | $83,489 | not reported in the loaded dataset | 2023 |
| Fidelity Investments Institutional | RECORDKEEPER | -$5,767 | $0 | 2023 |