Local Government Federal Credit Union 401(K) Plan And Trust — Form 5500 plan (Local Government 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, Local Government Federal Credit Union 401(K) Plan And Trust is a benefit plan reported by Local Government Federal Credit Union under EIN 56-1362282 and plan number 001. The latest loaded filing year is 2023. The filing reports 273 participants and $47,531,681 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Local Government Federal Credit Union
- EIN
- 56-1362282
- Plan number
- 001
- Plan type
- 2
- Location
- Raleigh, NC
- Latest filing year
- 2023
- Participants
- 273
- End-of-year plan assets
- $47,531,681
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 273 | H, C | 20241015155137NAL0050287120001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $47,531,681
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $47,531,681
- Net assets (BOY)
- $36,279,928
Income & contributions
- Employer contributions
- $3,435,411
- Participant contributions
- $2,350,205
- Total contributions
- $6,169,793
- Total income / additions
- $13,296,675
Expenses & distributions
- Benefits paid
- $1,927,199
- Administrative expenses
- $117,723
- Total expenses
- $2,044,922
- Net increase / (decrease)
- $11,251,753
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Cmfg Life Insurance Company | NONE | $79,149 | $0 | 2023 |
| Members Capital Advisors, Inc. | NONE | $38,574 | not reported in the loaded dataset | 2023 |