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NEW MEXICO ENERGY FEDERAL CREDIT UNION EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 401k Plan overview

Plan NameNEW MEXICO ENERGY FEDERAL CREDIT UNION EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST
Plan identification number 003

NEW MEXICO ENERGY FEDERAL CREDIT UNION EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

NUSENDA FEDERAL CREDIT UNION has sponsored the creation of one or more 401k plans.

Company Name:NUSENDA FEDERAL CREDIT UNION
Employer identification number (EIN):850105773
NAIC Classification:522130
NAIC Description:Credit Unions

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NEW MEXICO ENERGY FEDERAL CREDIT UNION EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032014-01-01MICHELLE DEARHOLT
0032013-01-01MICHELLE DEARHOLT

Plan Statistics for NEW MEXICO ENERGY FEDERAL CREDIT UNION EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST

401k plan membership statisitcs for NEW MEXICO ENERGY FEDERAL CREDIT UNION EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST

Measure Date Value
2014: NEW MEXICO ENERGY FEDERAL CREDIT UNION EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2014 401k membership
Total participants, beginning-of-year2014-01-019
Total number of active participants reported on line 7a of the Form 55002014-01-010
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-010
Total of all active and inactive participants2014-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-010
Number of participants with account balances2014-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: NEW MEXICO ENERGY FEDERAL CREDIT UNION EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2013 401k membership
Total participants, beginning-of-year2013-01-018
Total number of active participants reported on line 7a of the Form 55002013-01-016
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-013
Total of all active and inactive participants2013-01-019
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-019
Number of participants with account balances2013-01-019
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-011

Financial Data on NEW MEXICO ENERGY FEDERAL CREDIT UNION EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST

Measure Date Value
2014 : NEW MEXICO ENERGY FEDERAL CREDIT UNION EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2014 401k financial data
Transfers to/from the plan2014-01-31$-530,837
Total income from all sources2014-01-31$226
Expenses. Total of all expenses incurred2014-01-31$349,069
Benefits paid (including direct rollovers)2014-01-31$348,341
Total plan assets at end of year2014-01-31$0
Total plan assets at beginning of year2014-01-31$879,680
Other income received2014-01-31$226
Net income (gross income less expenses)2014-01-31$-348,843
Net plan assets at end of year (total assets less liabilities)2014-01-31$0
Net plan assets at beginning of year (total assets less liabilities)2014-01-31$879,680
Expenses. Administrative service providers (salaries,fees and commissions)2014-01-31$728
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-01-31$0
2013 : NEW MEXICO ENERGY FEDERAL CREDIT UNION EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2013 401k financial data
Total income from all sources2013-12-31$89,596
Expenses. Total of all expenses incurred2013-12-31$19,075
Benefits paid (including direct rollovers)2013-12-31$8,889
Total plan assets at end of year2013-12-31$879,680
Total plan assets at beginning of year2013-12-31$809,159
Value of fidelity bond covering the plan2013-12-31$2,750,000
Total contributions received or receivable from participants2013-12-31$26,638
Expenses. Other expenses not covered elsewhere2013-12-31$34
Other income received2013-12-31$21,285
Net income (gross income less expenses)2013-12-31$70,521
Net plan assets at end of year (total assets less liabilities)2013-12-31$879,680
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$809,159
Total contributions received or receivable from employer(s)2013-12-31$41,673
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$10,152
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0

Form 5500 Responses for NEW MEXICO ENERGY FEDERAL CREDIT UNION EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST

2014: NEW MEXICO ENERGY FEDERAL CREDIT UNION EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingYes
2014-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: NEW MEXICO ENERGY FEDERAL CREDIT UNION EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedYes
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes

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