Addition Financial Credit Union 401(K) Profit Sharing Plan — Form 5500 plan (Addition Financial Credit Union Dba Addition Financial)
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, Addition Financial Credit Union 401(K) Profit Sharing Plan is a benefit plan reported by Addition Financial Credit Union Dba Addition Financial under EIN 59-0678236 and plan number 001. The latest loaded filing year is 2023. The filing reports 670 participants and $44,714,772 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Addition Financial Credit Union Dba Addition Financial
- EIN
- 59-0678236
- Plan number
- 001
- Plan type
- 2
- Location
- Lake Mary, FL
- Latest filing year
- 2023
- Participants
- 670
- End-of-year plan assets
- $44,714,772
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 670 | H, C | 20240905090256NAL0038413808001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $44,714,772
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $44,714,772
- Net assets (BOY)
- $38,010,899
Income & contributions
- Employer contributions
- $1,405,548
- Participant contributions
- $2,030,993
- Total contributions
- $3,634,170
- Total income / additions
- $10,625,730
Expenses & distributions
- Benefits paid
- $3,887,512
- Administrative expenses
- $32,739
- Total expenses
- $3,921,857
- Net increase / (decrease)
- $6,703,873
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Minnesota Life Insurance Company | NONE | $32,739 | $0 | 2023 |