SPIRE CREDIT UNION has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan DIVERSIFIED CREDIT UNION PENSION PLAN
Measure | Date | Value |
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2021: DIVERSIFIED CREDIT UNION PENSION PLAN 2021 401k membership |
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Market value of plan assets | 2021-12-15 | 951,585 |
Acturial value of plan assets | 2021-12-15 | 951,585 |
Funding target for retired participants and beneficiaries receiving payment | 2021-12-15 | 444,589 |
Number of terminated vested participants | 2021-12-15 | 6 |
Fundng target for terminated vested participants | 2021-12-15 | 38,431 |
Active participant vested funding target | 2021-12-15 | 173,041 |
Number of active participants | 2021-12-15 | 4 |
Total funding liabilities for active participants | 2021-12-15 | 181,441 |
Total participant count | 2021-12-15 | 12 |
Total funding target for all participants | 2021-12-15 | 664,461 |
Balance at beginning of prior year after applicable adjustments | 2021-12-15 | 0 |
Prefunding balance at beginning of prior year after applicable adjustments | 2021-12-15 | 21,125 |
Carryover balanced portion elected for use to offset prior years funding requirement | 2021-12-15 | 0 |
Prefunding balanced used to offset prior years funding requirement | 2021-12-15 | 0 |
Amount remaining of carryover balance | 2021-12-15 | 0 |
Amount remaining of prefunding balance | 2021-12-15 | 21,125 |
Present value of excess contributions | 2021-12-15 | 229,912 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2021-12-15 | 242,373 |
Reductions in caryover balances due to elections or deemed elections | 2021-12-15 | 0 |
Reductions in prefunding balances due to elections or deemed elections | 2021-12-15 | 0 |
Balance of carryovers at beginning of current year | 2021-12-15 | 0 |
Balance of prefunding at beginning of current year | 2021-12-15 | 23,138 |
Total employer contributions | 2021-12-15 | 0 |
Total employee contributions | 2021-12-15 | 0 |
Contributions allocated toward unpaid minimum require contributions from prior years | 2021-12-15 | 0 |
Contributions made to avoid restrictions adjusted to valuation date | 2021-12-15 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2021-12-15 | 0 |
Unpaid minimum required contributions for all prior years | 2021-12-15 | 0 |
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years | 2021-12-15 | 0 |
Remaining amount of unpaid minimum required contributions | 2021-12-15 | 0 |
Minimum required contributions for current year target normal cost | 2021-12-15 | 0 |
Net shortfall amortization installment of oustanding balance | 2021-12-15 | 0 |
Waiver amortization installment | 2021-12-15 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2021-12-15 | 0 |
Additional cash requirement | 2021-12-15 | 0 |
Contributions allocatedtoward minimum required contributions for current year | 2021-12-15 | 0 |
Unpaid minimum required contributions for current year | 2021-12-15 | 0 |
Unpaid minimum required contributions for all years | 2021-12-15 | 0 |
2020: DIVERSIFIED CREDIT UNION PENSION PLAN 2020 401k membership |
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Market value of plan assets | 2020-12-31 | 694,281 |
Acturial value of plan assets | 2020-12-31 | 694,281 |
Funding target for retired participants and beneficiaries receiving payment | 2020-12-31 | 467,764 |
Number of terminated vested participants | 2020-12-31 | 8 |
Fundng target for terminated vested participants | 2020-12-31 | 41,852 |
Active participant vested funding target | 2020-12-31 | 137,455 |
Number of active participants | 2020-12-31 | 4 |
Total funding liabilities for active participants | 2020-12-31 | 143,245 |
Total participant count | 2020-12-31 | 14 |
Total funding target for all participants | 2020-12-31 | 652,861 |
Balance at beginning of prior year after applicable adjustments | 2020-12-31 | 0 |
Prefunding balance at beginning of prior year after applicable adjustments | 2020-12-31 | 17,868 |
Amount remaining of carryover balance | 2020-12-31 | 0 |
Amount remaining of prefunding balance | 2020-12-31 | 17,868 |
Present value of excess contributions | 2020-12-31 | 963 |
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance | 2020-12-31 | 1,017 |
Balance of carryovers at beginning of current year | 2020-12-31 | 0 |
Balance of prefunding at beginning of current year | 2020-12-31 | 21,125 |
Total employer contributions | 2020-12-31 | 247,300 |
Total employee contributions | 2020-12-31 | 0 |
Contributions allocated toward minimum required contributions for current year adjusted to valuation date | 2020-12-31 | 229,944 |
Remaining amount of unpaid minimum required contributions | 2020-12-31 | 0 |
Minimum required contributions for current year target normal cost | 2020-12-31 | 20,327 |
Net shortfall amortization installment of oustanding balance | 2020-12-31 | 0 |
Total funding amount beforereflecting carryover/prefunding balances | 2020-12-31 | 32 |
Additional cash requirement | 2020-12-31 | 32 |
Contributions allocatedtoward minimum required contributions for current year | 2020-12-31 | 229,944 |
Unpaid minimum required contributions for current year | 2020-12-31 | 0 |
Unpaid minimum required contributions for all years | 2020-12-31 | 0 |