Genisys Credit Union 401(K) Plan — Form 5500 plan (Genisys 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, Genisys Credit Union 401(K) Plan is a benefit plan reported by Genisys Credit Union under EIN 38-1445060 and plan number 002. The latest loaded filing year is 2023. The filing reports 624 participants and $61,562,414 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$61.6MPlan net assets, end of year$61,562,414
Participants624Covered participants reported
Assets / participant$98.7KComputed: assets ÷ participants$98,658 (computed)
Provider compensation$110.8K3 Schedule C provider row(s)$110,754
- Plan sponsor
- Genisys Credit Union
- EIN
- 38-1445060
- Plan number
- 002
- Plan type
- 2
- Location
- Auburn Hills, MI
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 624 | H, C | 20240701143021NAL0005506496001 |
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)$61.6M total assets
Net assets$61.6MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $61,562,414
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $61,562,414
- Net assets (BOY)
- $52,344,981
Income & contributions
- Employer contributions
- $1,751,256
- Participant contributions
- $2,097,997
- Total contributions
- $4,007,132
- Total income / additions
- $12,939,121
Expenses & distributions
- Benefits paid
- $3,605,959
- Administrative expenses
- $115,729
- Total expenses
- $3,721,688
- Net increase / (decrease)
- $9,217,433
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 assets6%Computed ratio
Benefits paid ÷ total income28%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Fidelity Investments Institutional | RECORDKEEPER | $70,754 | $0 | 2023 |
| Resources Investment Advisors, LLC | CONSULTANT | $20,000 | not reported in the loaded dataset | 2023 |
| One Digital Investment Advisors Ll | CONSULTANT | $20,000 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Genisys Credit Union
- 2023 Form 5500 filing
- Form 5500 filings in MI
- 401(k) and benefit plan filings in Auburn Hills, MI
- Fidelity Investments Institutional — Schedule C compensation
- Resources Investment Advisors, LLC — Schedule C compensation
- One Digital Investment Advisors Ll — Schedule C compensation