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PCM EMPLOYEES CREDIT UNION 401K PLAN 401k Plan overview

Plan NamePCM EMPLOYEES CREDIT UNION 401K PLAN
Plan identification number 001

PCM EMPLOYEES CREDIT UNION 401K PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • 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

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

Company Name:PCM CREDIT UNION
Employer identification number (EIN):390974444
NAIC Classification:522130
NAIC Description:Credit Unions

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PCM EMPLOYEES CREDIT UNION 401K PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01DAN WOLLIN2019-07-24
0012017-01-01DAN WOLLIN2018-06-27
0012016-01-01DAN WOLLIN2017-07-14
0012015-01-01DAN WOLLIN2016-10-14
0012014-01-01DAN WOLLIN2015-09-24
0012013-01-01CATHY BECKS2014-07-11
0012012-01-01DAN WOLLIN2013-07-20
0012011-01-01CATHY BECKS2012-07-24
0012010-01-01CATHY BECKS2011-07-12
0012009-01-01CATHY BECKS
0012009-01-01CATHY BECKS

Plan Statistics for PCM EMPLOYEES CREDIT UNION 401K PLAN

401k plan membership statisitcs for PCM EMPLOYEES CREDIT UNION 401K PLAN

Measure Date Value
2023: PCM EMPLOYEES CREDIT UNION 401K PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-0155
Total number of active participants reported on line 7a of the Form 55002023-01-0143
Number of retired or separated participants receiving benefits2023-01-010
Number of other retired or separated participants entitled to future benefits2023-01-018
Total of all active and inactive participants2023-01-0151
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-010
Total participants2023-01-0151
Number of participants with account balances2023-01-0147
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-010
2022: PCM EMPLOYEES CREDIT UNION 401K PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-0153
Total number of active participants reported on line 7a of the Form 55002022-01-0147
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-018
Total of all active and inactive participants2022-01-0155
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-0155
Number of participants with account balances2022-01-0147
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: PCM EMPLOYEES CREDIT UNION 401K PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-0147
Total number of active participants reported on line 7a of the Form 55002021-01-0146
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-017
Total of all active and inactive participants2021-01-0153
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-0153
Number of participants with account balances2021-01-0148
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: PCM EMPLOYEES CREDIT UNION 401K PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-0147
Total number of active participants reported on line 7a of the Form 55002020-01-0142
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-015
Total of all active and inactive participants2020-01-0147
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-0147
Number of participants with account balances2020-01-0145
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: PCM EMPLOYEES CREDIT UNION 401K PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-0146
Total number of active participants reported on line 7a of the Form 55002019-01-0144
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-013
Total of all active and inactive participants2019-01-0147
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-0147
Number of participants with account balances2019-01-0146
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2009: PCM EMPLOYEES CREDIT UNION 401K PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-0127
Total number of active participants reported on line 7a of the Form 55002009-01-0127
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-010
Total of all active and inactive participants2009-01-0127
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0127
Number of participants with account balances2009-01-0127
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on PCM EMPLOYEES CREDIT UNION 401K PLAN

Measure Date Value
2023 : PCM EMPLOYEES CREDIT UNION 401K PLAN 2023 401k financial data
Transfers to/from the plan2023-12-31$0
Total plan liabilities at end of year2023-12-31$0
Total plan liabilities at beginning of year2023-12-31$0
Total income from all sources2023-12-31$1,363,272
Expenses. Total of all expenses incurred2023-12-31$968,603
Benefits paid (including direct rollovers)2023-12-31$944,584
Total plan assets at end of year2023-12-31$5,593,492
Total plan assets at beginning of year2023-12-31$5,198,823
Value of fidelity bond covering the plan2023-12-31$5,000,000
Assets. Value of tangible personal property2023-12-31$0
Total contributions received or receivable from participants2023-12-31$270,475
Assets. Value of loans (other than to participants)2023-12-31$0
Expenses. Other expenses not covered elsewhere2023-12-31$0
Contributions received from other sources (not participants or employers)2023-12-31$2,375
Other income received2023-12-31$886,106
Noncash contributions received2023-12-31$0
Net income (gross income less expenses)2023-12-31$394,669
Net plan assets at end of year (total assets less liabilities)2023-12-31$5,593,492
Net plan assets at beginning of year (total assets less liabilities)2023-12-31$5,198,823
Assets. Value of participant loans2023-12-31$35,370
Assets. Value of assets in partnership/joint-venture interests2023-12-31$0
Assets. Value of real-estate (other than employer real property)2023-12-31$0
Assets. Value of employer securities2023-12-31$0
Assets. Value of employer real property2023-12-31$0
Total contributions received or receivable from employer(s)2023-12-31$204,316
Value of certain deemed distributions of participant loans2023-12-31$0
Value of corrective distributions2023-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2023-12-31$24,019
2022 : PCM EMPLOYEES CREDIT UNION 401K PLAN 2022 401k financial data
Transfers to/from the plan2022-12-31$0
Total plan liabilities at end of year2022-12-31$0
Total plan liabilities at beginning of year2022-12-31$0
Total income from all sources2022-12-31$-734,045
Expenses. Total of all expenses incurred2022-12-31$899,013
Benefits paid (including direct rollovers)2022-12-31$872,078
Total plan assets at end of year2022-12-31$5,198,823
Total plan assets at beginning of year2022-12-31$6,831,881
Value of fidelity bond covering the plan2022-12-31$5,000,000
Assets. Value of tangible personal property2022-12-31$0
Total contributions received or receivable from participants2022-12-31$264,334
Assets. Value of loans (other than to participants)2022-12-31$0
Expenses. Other expenses not covered elsewhere2022-12-31$0
Contributions received from other sources (not participants or employers)2022-12-31$0
Other income received2022-12-31$-1,196,912
Noncash contributions received2022-12-31$0
Net income (gross income less expenses)2022-12-31$-1,633,058
Net plan assets at end of year (total assets less liabilities)2022-12-31$5,198,823
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$6,831,881
Assets. Value of participant loans2022-12-31$48,468
Assets. Value of assets in partnership/joint-venture interests2022-12-31$0
Assets. Value of real-estate (other than employer real property)2022-12-31$0
Assets. Value of employer securities2022-12-31$0
Assets. Value of employer real property2022-12-31$0
Total contributions received or receivable from employer(s)2022-12-31$198,533
Value of certain deemed distributions of participant loans2022-12-31$0
Value of corrective distributions2022-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$26,935
2021 : PCM EMPLOYEES CREDIT UNION 401K PLAN 2021 401k financial data
Transfers to/from the plan2021-12-31$0
Total plan liabilities at end of year2021-12-31$0
Total plan liabilities at beginning of year2021-12-31$0
Total income from all sources2021-12-31$1,292,571
Expenses. Total of all expenses incurred2021-12-31$90,057
Benefits paid (including direct rollovers)2021-12-31$56,074
Total plan assets at end of year2021-12-31$6,831,881
Total plan assets at beginning of year2021-12-31$5,629,367
Value of fidelity bond covering the plan2021-12-31$5,000,000
Assets. Value of tangible personal property2021-12-31$0
Total contributions received or receivable from participants2021-12-31$285,328
Assets. Value of loans (other than to participants)2021-12-31$0
Expenses. Other expenses not covered elsewhere2021-12-31$0
Contributions received from other sources (not participants or employers)2021-12-31$27,320
Other income received2021-12-31$762,487
Noncash contributions received2021-12-31$0
Net income (gross income less expenses)2021-12-31$1,202,514
Net plan assets at end of year (total assets less liabilities)2021-12-31$6,831,881
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$5,629,367
Assets. Value of participant loans2021-12-31$32,455
Assets. Value of assets in partnership/joint-venture interests2021-12-31$0
Assets. Value of real-estate (other than employer real property)2021-12-31$0
Assets. Value of employer securities2021-12-31$0
Assets. Value of employer real property2021-12-31$0
Total contributions received or receivable from employer(s)2021-12-31$217,436
Value of certain deemed distributions of participant loans2021-12-31$7,181
Value of corrective distributions2021-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2021-12-31$26,802
2020 : PCM EMPLOYEES CREDIT UNION 401K PLAN 2020 401k financial data
Transfers to/from the plan2020-12-31$0
Total plan liabilities at end of year2020-12-31$0
Total plan liabilities at beginning of year2020-12-31$0
Total income from all sources2020-12-31$1,396,679
Expenses. Total of all expenses incurred2020-12-31$901,340
Benefits paid (including direct rollovers)2020-12-31$882,014
Total plan assets at end of year2020-12-31$5,629,367
Total plan assets at beginning of year2020-12-31$5,134,028
Value of fidelity bond covering the plan2020-12-31$5,000,000
Total contributions received or receivable from participants2020-12-31$273,243
Expenses. Other expenses not covered elsewhere2020-12-31$0
Contributions received from other sources (not participants or employers)2020-12-31$112,318
Other income received2020-12-31$809,755
Noncash contributions received2020-12-31$0
Net income (gross income less expenses)2020-12-31$495,339
Net plan assets at end of year (total assets less liabilities)2020-12-31$5,629,367
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$5,134,028
Assets. Value of participant loans2020-12-31$16,868
Total contributions received or receivable from employer(s)2020-12-31$201,363
Value of certain deemed distributions of participant loans2020-12-31$-5,580
Value of corrective distributions2020-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2020-12-31$24,906
2019 : PCM EMPLOYEES CREDIT UNION 401K PLAN 2019 401k financial data
Transfers to/from the plan2019-12-31$0
Total plan liabilities at end of year2019-12-31$0
Total plan liabilities at beginning of year2019-12-31$0
Total income from all sources2019-12-31$1,324,643
Expenses. Total of all expenses incurred2019-12-31$819,340
Benefits paid (including direct rollovers)2019-12-31$799,071
Total plan assets at end of year2019-12-31$5,134,028
Total plan assets at beginning of year2019-12-31$4,628,725
Value of fidelity bond covering the plan2019-12-31$5,000,000
Total contributions received or receivable from participants2019-12-31$231,201
Expenses. Other expenses not covered elsewhere2019-12-31$0
Contributions received from other sources (not participants or employers)2019-12-31$15,188
Other income received2019-12-31$903,607
Noncash contributions received2019-12-31$0
Net income (gross income less expenses)2019-12-31$505,303
Net plan assets at end of year (total assets less liabilities)2019-12-31$5,134,028
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$4,628,725
Assets. Value of participant loans2019-12-31$26,391
Total contributions received or receivable from employer(s)2019-12-31$174,647
Value of certain deemed distributions of participant loans2019-12-31$6,412
Value of corrective distributions2019-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2019-12-31$13,857

Form 5500 Responses for PCM EMPLOYEES CREDIT UNION 401K PLAN

2023: PCM EMPLOYEES CREDIT UNION 401K PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01This submission is the final filingNo
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: PCM EMPLOYEES CREDIT UNION 401K PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01This submission is the final filingNo
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: PCM EMPLOYEES CREDIT UNION 401K PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01This submission is the final filingNo
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: PCM EMPLOYEES CREDIT UNION 401K PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: PCM EMPLOYEES CREDIT UNION 401K PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – InsuranceYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement – InsuranceYes
2019-01-01Plan benefit arrangement - TrustYes
2009: PCM EMPLOYEES CREDIT UNION 401K PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedYes
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement – InsuranceYes
2009-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number97771
Policy instance 1
Insurance contract or identification number97771
Insurance policy start date2019-01-01
Insurance policy end date2019-08-31
Total amount of commissions paid to insurance brokerUSD $12,270
Total amount of fees paid to insurance companyUSD $2,248
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $9,050
Amount paid for insurance broker fees0

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