Desert Financial Credit Union 401(K) Profit Sharing Plan — Form 5500 plan (Desert Financial 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, Desert Financial Credit Union 401(K) Profit Sharing Plan is a benefit plan reported by Desert Financial Credit Union under EIN 86-0096740 and plan number 003. The latest loaded filing year is 2023. The filing reports 1,487 participants and $106,864,129 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$106.9MPlan net assets, end of year$106,864,129
Participants1.5KCovered participants reported1,487
Assets / participant$71.9KComputed: assets ÷ participants$71,866 (computed)
Provider compensation$59.1K2 Schedule C provider row(s)$59,093
- Plan sponsor
- Desert Financial Credit Union
- EIN
- 86-0096740
- Plan number
- 003
- Plan type
- 2
- Location
- Phoenix, AZ
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 1,487 | H, C | 20240819161803NAL0001770129001 |
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)$106.9M total assets
Net assets$106.9MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $106,864,129
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $106,864,129
- Net assets (BOY)
- $84,383,098
Income & contributions
- Employer contributions
- $7,458,694
- Participant contributions
- $6,697,541
- Total contributions
- $14,550,182
- Total income / additions
- $31,033,823
Expenses & distributions
- Benefits paid
- $8,495,177
- Administrative expenses
- $59,093
- Total expenses
- $8,552,792
- Net increase / (decrease)
- $22,481,031
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.
53%47%
Employer 53%Participant 47%
Total expenses ÷ net assets8%Computed ratio
Benefits paid ÷ total income27%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Empower Advisory Group, LLC | INVESTMENT MGMT | $41,471 | not reported in the loaded dataset | 2023 |
| Empower Annuity Insurance Company | RECORDKEEPER | $17,622 | $0 | 2023 |