Members First Credit Union 401(K) Plan — Form 5500 plan (Members First 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, Members First Credit Union 401(K) Plan is a benefit plan reported by Members First Credit Union under EIN 38-1489454 and plan number 001. The latest loaded filing year is 2023. The filing reports 300 participants and $18,694,754 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Members First Credit Union
- EIN
- 38-1489454
- Plan number
- 001
- Plan type
- 2
- Location
- Midland, MI
- Latest filing year
- 2023
- Participants
- 300
- End-of-year plan assets
- $18,694,754
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 300 | H, C | 20241009140610NAL0037275362001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $18,694,754
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $18,694,754
- Net assets (BOY)
- $15,508,992
Income & contributions
- Employer contributions
- $1,001,093
- Participant contributions
- $1,216,686
- Total contributions
- $2,443,915
- Total income / additions
- $5,053,785
Expenses & distributions
- Benefits paid
- $1,856,785
- Administrative expenses
- $11,238
- Total expenses
- $1,868,023
- Net increase / (decrease)
- $3,185,762
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Ascensus | THIRD PARTY ADMIN | $0 | $8,004 | 2023 |
| Morningstar | INVESTMENT ADVISOR | $646 | $2,693 | 2023 |
| Voya Retirement Ins & Annuity Co | SERVICE PROVIDER | $646 | $85 | 2023 |
| Morgan Stanley Smith Barney LLC | BROKER/DEALER | $0 | $46 | 2023 |
| Axa Equitable Life Ins Co | SERVICE PROVIDER | $0 | $36 | 2023 |
| Nationwide Life Ins Co | SERVICE PROVIDER | $0 | $36 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Members First Credit Union
- 2023 Form 5500 filing
- Form 5500 filings in MI
- 401(k) and benefit plan filings in Midland, MI
- Ascensus — Schedule C compensation
- Morningstar — Schedule C compensation
- Voya Retirement Ins & Annuity Co — Schedule C compensation
- Morgan Stanley Smith Barney LLC — Schedule C compensation
- Axa Equitable Life Ins Co — Schedule C compensation
- Nationwide Life Ins Co — Schedule C compensation