CREDIT UNION OF TEXAS has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan CREDIT UNION OF TEXAS 401(K) PLAN
| Measure | Date | Value |
|---|
| 2023 : CREDIT UNION OF TEXAS 401(K) PLAN 2023 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2023-12-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-12-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-12-31 | $0 |
| Total income from all sources (including contributions) | 2023-12-31 | $6,741,692 |
| Total loss/gain on sale of assets | 2023-12-31 | $0 |
| Total of all expenses incurred | 2023-12-31 | $1,280,563 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2023-12-31 | $1,198,268 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2023-12-31 | $3,737,047 |
| Value of total assets at end of year | 2023-12-31 | $21,724,286 |
| Value of total assets at beginning of year | 2023-12-31 | $16,263,157 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2023-12-31 | $82,295 |
| Total interest from all sources | 2023-12-31 | $50,380 |
| Total dividends received (eg from common stock, registered investment company shares) | 2023-12-31 | $26,560 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2023-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2023-12-31 | $26,560 |
| Was this plan covered by a fidelity bond | 2023-12-31 | Yes |
| Value of fidelity bond cover | 2023-12-31 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2023-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2023-12-31 | No |
| Contributions received from participants | 2023-12-31 | $2,098,123 |
| Participant contributions at end of year | 2023-12-31 | $859,626 |
| Participant contributions at beginning of year | 2023-12-31 | $628,755 |
| Assets. Other investments not covered elsewhere at end of year | 2023-12-31 | $883,732 |
| Assets. Other investments not covered elsewhere at beginning of year | 2023-12-31 | $512,878 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2023-12-31 | $220,601 |
| Other income not declared elsewhere | 2023-12-31 | $160,026 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-12-31 | No |
| Value of net income/loss | 2023-12-31 | $5,461,129 |
| Value of net assets at end of year (total assets less liabilities) | 2023-12-31 | $21,724,286 |
| Value of net assets at beginning of year (total assets less liabilities) | 2023-12-31 | $16,263,157 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2023-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2023-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2023-12-31 | No |
| Investment advisory and management fees | 2023-12-31 | $33,583 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2023-12-31 | $1,648,113 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2023-12-31 | $1,156,586 |
| Interest on participant loans | 2023-12-31 | $43,686 |
| Interest earned on other investments | 2023-12-31 | $6,694 |
| Value of interest in common/collective trusts at end of year | 2023-12-31 | $18,196,167 |
| Value of interest in common/collective trusts at beginning of year | 2023-12-31 | $13,683,383 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2023-12-31 | $133,412 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2023-12-31 | $281,555 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2023-12-31 | $227,732 |
| Net investment gain or loss from common/collective trusts | 2023-12-31 | $2,539,947 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2023-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2023-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2023-12-31 | No |
| Contributions received in cash from employer | 2023-12-31 | $1,418,323 |
| Employer contributions (assets) at end of year | 2023-12-31 | $3,236 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2023-12-31 | $1,198,268 |
| Contract administrator fees | 2023-12-31 | $48,712 |
| Did the plan have assets held for investment | 2023-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2023-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2023-12-31 | Unqualified |
| Accountancy firm name | 2023-12-31 | DOEREN MAYHEW |
| Accountancy firm EIN | 2023-12-31 | 382492570 |
| 2022 : CREDIT UNION OF TEXAS 401(K) PLAN 2022 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2022-12-31 | $0 |
| Total transfer of assets to this plan | 2022-12-31 | $16,403,388 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $0 |
| Total income from all sources (including contributions) | 2022-12-31 | $384,056 |
| Total loss/gain on sale of assets | 2022-12-31 | $0 |
| Total of all expenses incurred | 2022-12-31 | $524,287 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $500,461 |
| Expenses. Certain deemed distributions of participant loans | 2022-12-31 | $2,744 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $1,587,692 |
| Value of total assets at end of year | 2022-12-31 | $16,263,157 |
| Value of total assets at beginning of year | 2022-12-31 | $0 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $21,082 |
| Total interest from all sources | 2022-12-31 | $15,850 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $12,044 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2022-12-31 | $12,044 |
| Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
| Value of fidelity bond cover | 2022-12-31 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2022-12-31 | Yes |
| Were there any nonexempt tranactions with any party-in-interest | 2022-12-31 | No |
| Contributions received from participants | 2022-12-31 | $841,945 |
| Participant contributions at end of year | 2022-12-31 | $628,755 |
| Assets. Other investments not covered elsewhere at end of year | 2022-12-31 | $512,878 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2022-12-31 | $217,757 |
| Other income not declared elsewhere | 2022-12-31 | $-60,778 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
| Value of net income/loss | 2022-12-31 | $-140,231 |
| Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $16,263,157 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $0 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-12-31 | No |
| Investment advisory and management fees | 2022-12-31 | $4,609 |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-12-31 | $1,156,586 |
| Interest on participant loans | 2022-12-31 | $12,607 |
| Interest earned on other investments | 2022-12-31 | $3,243 |
| Value of interest in common/collective trusts at end of year | 2022-12-31 | $13,683,383 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2022-12-31 | $281,555 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-12-31 | $-91,929 |
| Net investment gain or loss from common/collective trusts | 2022-12-31 | $-1,078,823 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2022-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2022-12-31 | No |
| Contributions received in cash from employer | 2022-12-31 | $527,990 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $500,461 |
| Contract administrator fees | 2022-12-31 | $16,473 |
| Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3 | 2022-12-31 | Yes |
| Did the plan have assets held for investment | 2022-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2022-12-31 | Unqualified |
| Accountancy firm name | 2022-12-31 | DOEREN MAYHEW |
| Accountancy firm EIN | 2022-12-31 | 382492570 |
