Sound Credit Union 401(K) Retirement Savings Plan And Trust — Form 5500 plan (Sound 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, Sound Credit Union 401(K) Retirement Savings Plan And Trust is a benefit plan reported by Sound Credit Union under EIN 91-0557925 and plan number 003. The latest loaded filing year is 2023. The filing reports 502 participants and $46,766,215 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Sound Credit Union
- EIN
- 91-0557925
- Plan number
- 003
- Plan type
- 2
- Location
- Tacoma, WA
- Latest filing year
- 2023
- Participants
- 502
- End-of-year plan assets
- $46,766,215
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 502 | H, C | 20241008132744NAL0028761248001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $46,766,215
- Total liabilities (EOY)
- $5,328
- Net assets (EOY)
- $46,760,887
- Net assets (BOY)
- $33,886,286
Income & contributions
- Employer contributions
- $2,269,485
- Participant contributions
- $1,822,676
- Total contributions
- $4,234,735
- Total income / additions
- $16,889,801
Expenses & distributions
- Benefits paid
- $3,916,044
- Administrative expenses
- $99,156
- Total expenses
- $4,015,200
- Net increase / (decrease)
- $12,874,601
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Spectrum Pension Consultants, Inc. | NONE | $99,156 | $0 | 2023 |