Fairmont Federal Credit Union 401(K) Plan And Trust — Form 5500 plan (Fairmont Federal 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, Fairmont Federal Credit Union 401(K) Plan And Trust is a benefit plan reported by Fairmont Federal Credit Union under EIN 55-0522816 and plan number 002. The latest loaded filing year is 2023. The filing reports 120 participants and $5,917,928 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Fairmont Federal Credit Union
- EIN
- 55-0522816
- Plan number
- 002
- Plan type
- 2
- Location
- Fairmont, WV
- Latest filing year
- 2023
- Participants
- 120
- End-of-year plan assets
- $5,917,928
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 120 | H, C | 20250703123247NAL0000600001001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $5,917,928
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $5,917,928
- Net assets (BOY)
- $4,410,068
Income & contributions
- Employer contributions
- $196,625
- Participant contributions
- $328,140
- Total contributions
- $549,861
- Total income / additions
- $1,639,732
Expenses & distributions
- Benefits paid
- $110,565
- Administrative expenses
- $21,307
- Total expenses
- $131,872
- Net increase / (decrease)
- $1,507,860
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Cmfg Life Insurance Company | NONE | $14,179 | $0 | 2023 |