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, Summit Credit Union Capital Accumulation Plan is a benefit plan reported by Summit Credit Union under EIN 39-0230585 and plan number 011. The latest loaded filing year is 2023. The filing reports 1,192 participants and $105,749,226 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $105,749,226
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $105,749,226
- Net assets (BOY)
- $84,751,419
Income & contributions
- Employer contributions
- $5,173,511
- Participant contributions
- $4,359,893
- Total contributions
- $11,528,386
- Total income / additions
- $27,853,440
Expenses & distributions
- Benefits paid
- $6,622,528
- Administrative expenses
- $233,105
- Total expenses
- $6,855,633
- Net increase / (decrease)
- $20,997,807