Texas Tech Federal Credit Union 401(K) Plan — Form 5500 plan (Texas Tech 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, Texas Tech Federal Credit Union 401(K) Plan is a benefit plan reported by Texas Tech Federal Credit Union under EIN 75-1157852 and plan number 001. The latest loaded filing year is 2023. The filing reports 140 participants and $5,316,559 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$5.3MPlan net assets, end of year$5,316,559
Participants140Covered participants reported
Assets / participant$38KComputed: assets ÷ participants$37,975 (computed)
Provider compensation$30.6K3 Schedule C provider row(s)$30,617
- Plan sponsor
- Texas Tech Federal Credit Union
- EIN
- 75-1157852
- Plan number
- 001
- Plan type
- 2
- Location
- Lubbock, TX
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 140 | H, C | 20241015090043NAL0016020707001 |
Schedule H · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Reported balance (end of year)$5.3M total assets
Net assets$5.3MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $5,316,559
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $5,316,559
- Net assets (BOY)
- $4,729,323
Income & contributions
- Employer contributions
- $510,504
- Participant contributions
- $608,421
- Total contributions
- $1,200,450
- Total income / additions
- $1,991,063
Expenses & distributions
- Benefits paid
- $1,374,879
- Administrative expenses
- $28,948
- Total expenses
- $1,403,827
- Net increase / (decrease)
- $587,236
Computed from reported fields
Reported ratios
Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.
46%54%
Employer 46%Participant 54%
Total expenses ÷ net assets26%Computed ratio
Benefits paid ÷ total income69%Computed ratio
Provider comp. ÷ net assets1%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $28,947 | $0 | 2023 |
| Swbc Investment Services LLC | OTHER SERVICES | $0 | $1,670 | 2023 |
| Morningstar Investment Management L | INV ADV, PARTICIPANTS | $0 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Texas Tech Federal Credit Union
- 2023 Form 5500 filing
- Form 5500 filings in TX
- 401(k) and benefit plan filings in Lubbock, TX
- Principal Life Insurance Company — Schedule C compensation
- Swbc Investment Services LLC — Schedule C compensation
- Morningstar Investment Management L — Schedule C compensation