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FOUNDERS FEDERAL CREDIT UNION DEFINED CONTRIBUTION PLAN 401k Plan overview

Plan NameFOUNDERS FEDERAL CREDIT UNION DEFINED CONTRIBUTION PLAN
Plan identification number 002

FOUNDERS FEDERAL CREDIT UNION DEFINED CONTRIBUTION 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.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • 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

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

Company Name:FOUNDERS FEDERAL CREDIT UNION
Employer identification number (EIN):570762987
NAIC Classification:522130
NAIC Description:Credit Unions

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FOUNDERS FEDERAL CREDIT UNION DEFINED CONTRIBUTION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022024-01-01MICHELLE BRAGG
0022023-01-01
0022023-01-01MICHELLE BRAGG
0022022-01-01
0022022-01-01MICHELLE BRAGG
0022021-01-01
0022021-01-01MICHELLE BRAGG
0022020-01-01
0022019-01-01
0022018-01-01MICHELLE BRAGG MICHELLE BRAGG2019-07-03
0022017-01-01PHYLLIS BUNKLEY PHYLLIS BUNKLEY2018-07-25
0022016-01-01PHYLLIS BUNKLEY PHYLLIS BUNKLEY2017-06-30
0022015-01-01PHYLLIS BUNKLEY PHYLLIS BUNKLEY2016-10-08
0022014-01-01PHYLLIS BUNKLEY PHYLLIS BUNKLEY2015-07-28
0022013-01-01PHYLLIS BUNKLEY PHYLLIS BUNKLEY2014-07-23
0022012-01-01PHYLLIS BUNKLEY PHYLLIS BUNKLEY2013-09-10
0022011-01-01PHYLLIS BUNKLEY PHYLLIS BUNKLEY2012-07-27
0022009-01-01PHYLLIS B. BUNKLEY PHYLLIS B. BUNKLEY2010-09-23

Financial Data on FOUNDERS FEDERAL CREDIT UNION DEFINED CONTRIBUTION PLAN

Measure Date Value
2023 : FOUNDERS FEDERAL CREDIT UNION DEFINED CONTRIBUTION PLAN 2023 401k financial data
Total unrealized appreciation/depreciation of assets2023-12-31$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$27,228,585
Total loss/gain on sale of assets2023-12-31$0
Total of all expenses incurred2023-12-31$12,686,952
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-12-31$12,621,766
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-12-31$8,881,624
Value of total assets at end of year2023-12-31$124,018,016
Value of total assets at beginning of year2023-12-31$109,476,383
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-12-31$65,186
Total interest from all sources2023-12-31$197,388
Total dividends received (eg from common stock, registered investment company shares)2023-12-31$52,748
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2023-12-31$52,748
Was this plan covered by a fidelity bond2023-12-31Yes
Value of fidelity bond cover2023-12-31$10,000,000
If this is an individual account plan, was there a blackout period2023-12-31Yes
Were there any nonexempt tranactions with any party-in-interest2023-12-31No
Contributions received from participants2023-12-31$3,536,285
Participant contributions at end of year2023-12-31$2,655,320
Participant contributions at beginning of year2023-12-31$2,402,019
Participant contributions at end of year2023-12-31$104,176
Income. Received or receivable in cash from other sources (including rollovers)2023-12-31$1,254,012
Other income not declared elsewhere2023-12-31$49,628
Total non interest bearing cash at end of year2023-12-31$116,062,978
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Value of net income/loss2023-12-31$14,541,633
Value of net assets at end of year (total assets less liabilities)2023-12-31$124,018,016
Value of net assets at beginning of year (total assets less liabilities)2023-12-31$109,476,383
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2023-12-31No
Were any leases to which the plan was party in default or uncollectible2023-12-31No
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2023-12-31$5,282,962
Value of interest in pooled separate accounts at end of year2023-12-31$1,086,892
Value of interest in pooled separate accounts at beginning of year2023-12-31$59,996,404
Interest on participant loans2023-12-31$145,185
Interest earned on other investments2023-12-31$52,203
Value of interest in common/collective trusts at beginning of year2023-12-31$37,344,974
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2023-12-31$1,434,225
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2023-12-31$2,034,937
Net investment gain/loss from registered investment companies (e.g. mutual funds)2023-12-31$605,191
Net investment gain/loss from pooled separate accounts2023-12-31$11,067,174
Net investment gain or loss from common/collective trusts2023-12-31$6,374,832
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-12-31No
Was there a failure to transmit to the plan any participant contributions2023-12-31Yes
Has the plan failed to provide any benefit when due under the plan2023-12-31No
Contributions received in cash from employer2023-12-31$4,091,327
Employer contributions (assets) at end of year2023-12-31$2,674,425
Employer contributions (assets) at beginning of year2023-12-31$2,415,087
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-12-31$12,621,766
Contract administrator fees2023-12-31$65,186
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32023-12-31Yes
Did the plan have assets held for investment2023-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-12-31No
Opinion of an independent qualified public accountant for this plan2023-12-31Unqualified
Accountancy firm name2023-12-31DOEREN MAYHEW
Accountancy firm EIN2023-12-31382492570
Total unrealized appreciation/depreciation of assets2023-01-01$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-01-01$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-01-01$0
Total income from all sources (including contributions)2023-01-01$27,228,585
Total loss/gain on sale of assets2023-01-01$0
Total of all expenses incurred2023-01-01$12,686,952
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-01-01$12,621,766
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-01-01$8,881,624
Value of total assets at end of year2023-01-01$124,018,016
Value of total assets at beginning of year2023-01-01$109,476,383
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-01-01$65,186
Total interest from all sources2023-01-01$197,388
Total dividends received (eg from common stock, registered investment company shares)2023-01-01$52,748
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-01-01No
Total dividends received from registered investment company shares (eg mutual funds)2023-01-01$52,748
Was this plan covered by a fidelity bond2023-01-01Yes
Value of fidelity bond cover2023-01-01$10,000,000
If this is an individual account plan, was there a blackout period2023-01-01Yes
Were there any nonexempt tranactions with any party-in-interest2023-01-01No
Contributions received from participants2023-01-01$3,536,285
Participant contributions at end of year2023-01-01$2,655,320
Participant contributions at beginning of year2023-01-01$2,402,019
Participant contributions at end of year2023-01-01$104,176
Income. Received or receivable in cash from other sources (including rollovers)2023-01-01$1,254,012
Other income not declared elsewhere2023-01-01$49,628
Total non interest bearing cash at end of year2023-01-01$116,062,978
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-01-01No
Value of net income/loss2023-01-01$14,541,633
Value of net assets at end of year (total assets less liabilities)2023-01-01$124,018,016
Value of net assets at beginning of year (total assets less liabilities)2023-01-01$109,476,383
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-01-01No
Were any loans by the plan or fixed income obligations due to the plan in default2023-01-01No
Were any leases to which the plan was party in default or uncollectible2023-01-01No
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2023-01-01$5,282,962
Value of interest in pooled separate accounts at end of year2023-01-01$1,086,892
Value of interest in pooled separate accounts at beginning of year2023-01-01$59,996,404
Interest on participant loans2023-01-01$145,185
Interest earned on other investments2023-01-01$52,203
Value of interest in common/collective trusts at beginning of year2023-01-01$37,344,974
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2023-01-01$1,434,225
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2023-01-01$2,034,937
Net investment gain/loss from registered investment companies (e.g. mutual funds)2023-01-01$605,191
Net investment gain/loss from pooled separate accounts2023-01-01$11,067,174
Net investment gain or loss from common/collective trusts2023-01-01$6,374,832
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-01-01No
Was there a failure to transmit to the plan any participant contributions2023-01-01Yes
Has the plan failed to provide any benefit when due under the plan2023-01-01No
Contributions received in cash from employer2023-01-01$4,091,327
Employer contributions (assets) at end of year2023-01-01$2,674,425
Employer contributions (assets) at beginning of year2023-01-01$2,415,087
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-01-01$12,621,766
Contract administrator fees2023-01-01$65,186
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32023-01-01Yes
Did the plan have assets held for investment2023-01-01Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-01-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-01-01No
Opinion of an independent qualified public accountant for this plan2023-01-011
Accountancy firm name2023-01-01DOEREN MAYHEW
Accountancy firm EIN2023-01-01382492570
2022 : FOUNDERS FEDERAL CREDIT UNION DEFINED CONTRIBUTION PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
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$0
Total income from all sources (including contributions)2022-12-31$-11,669,918
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$5,768,182
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$5,723,283
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$10,162,774
Value of total assets at end of year2022-12-31$109,476,383
Value of total assets at beginning of year2022-12-31$126,914,483
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$44,899
Total interest from all sources2022-12-31$134,390
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$71,830
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$71,830
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$10,000,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$3,407,036
Participant contributions at end of year2022-12-31$2,402,019
Participant contributions at beginning of year2022-12-31$2,581,356
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$2,919,101
Other income not declared elsewhere2022-12-31$-72,820
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-17,438,100
Value of net assets at end of year (total assets less liabilities)2022-12-31$109,476,383
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$126,914,483
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$5,282,962
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$5,647,035
Value of interest in pooled separate accounts at end of year2022-12-31$59,996,404
Value of interest in pooled separate accounts at beginning of year2022-12-31$74,069,570
Interest on participant loans2022-12-31$116,334
Interest earned on other investments2022-12-31$18,056
Value of interest in common/collective trusts at end of year2022-12-31$37,344,974
Value of interest in common/collective trusts at beginning of year2022-12-31$41,120,406
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-12-31$2,034,937
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-12-31$1,354,272
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-778,731
Net investment gain/loss from pooled separate accounts2022-12-31$-13,774,147
Net investment gain or loss from common/collective trusts2022-12-31$-7,413,214
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31Yes
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$3,836,637
Employer contributions (assets) at end of year2022-12-31$2,415,087
Employer contributions (assets) at beginning of year2022-12-31$2,141,844
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$5,723,283
Contract administrator fees2022-12-31$44,899
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31DOEREN MAYHEW
Accountancy firm EIN2022-12-31382492570
Total unrealized appreciation/depreciation of assets2022-01-01$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-01-01$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-01-01$0
Total income from all sources (including contributions)2022-01-01$-11,669,918
Total loss/gain on sale of assets2022-01-01$0
Total of all expenses incurred2022-01-01$5,768,182
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-01-01$5,723,283
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-01-01$10,162,774
Value of total assets at end of year2022-01-01$109,476,383
Value of total assets at beginning of year2022-01-01$126,914,483
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-01-01$44,899
Total interest from all sources2022-01-01$134,390
Total dividends received (eg from common stock, registered investment company shares)2022-01-01$71,830
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-01-01No
Total dividends received from registered investment company shares (eg mutual funds)2022-01-01$71,830
Was this plan covered by a fidelity bond2022-01-01Yes
Value of fidelity bond cover2022-01-01$10,000,000
If this is an individual account plan, was there a blackout period2022-01-01No
Were there any nonexempt tranactions with any party-in-interest2022-01-01No
Contributions received from participants2022-01-01$3,407,036
Participant contributions at end of year2022-01-01$2,402,019
Participant contributions at beginning of year2022-01-01$2,581,356
Income. Received or receivable in cash from other sources (including rollovers)2022-01-01$2,919,101
Other income not declared elsewhere2022-01-01$-72,820
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-01-01No
Value of net income/loss2022-01-01$-17,438,100
Value of net assets at end of year (total assets less liabilities)2022-01-01$109,476,383
Value of net assets at beginning of year (total assets less liabilities)2022-01-01$126,914,483
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-01-01No
Were any loans by the plan or fixed income obligations due to the plan in default2022-01-01No
Were any leases to which the plan was party in default or uncollectible2022-01-01No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-01-01$5,282,962
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-01-01$5,647,035
Value of interest in pooled separate accounts at end of year2022-01-01$59,996,404
Value of interest in pooled separate accounts at beginning of year2022-01-01$74,069,570
Interest on participant loans2022-01-01$116,334
Interest earned on other investments2022-01-01$18,056
Value of interest in common/collective trusts at end of year2022-01-01$37,344,974
Value of interest in common/collective trusts at beginning of year2022-01-01$41,120,406
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-01-01$2,034,937
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-01-01$1,354,272
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-01-01$-778,731
Net investment gain/loss from pooled separate accounts2022-01-01$-13,774,147
Net investment gain or loss from common/collective trusts2022-01-01$-7,413,214
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-01-01No
Was there a failure to transmit to the plan any participant contributions2022-01-01Yes
Has the plan failed to provide any benefit when due under the plan2022-01-01No
Contributions received in cash from employer2022-01-01$3,836,637
Employer contributions (assets) at end of year2022-01-01$2,415,087
Employer contributions (assets) at beginning of year2022-01-01$2,141,844
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-01-01$5,723,283
Contract administrator fees2022-01-01$44,899
Did the plan have assets held for investment2022-01-01Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-01-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-01-01No
Opinion of an independent qualified public accountant for this plan2022-01-011
Accountancy firm name2022-01-01DOEREN MAYHEW
Accountancy firm EIN2022-01-01382492570
2021 : FOUNDERS FEDERAL CREDIT UNION DEFINED CONTRIBUTION PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total income from all sources (including contributions)2021-12-31$24,433,791
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$5,842,360
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$5,809,033
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$6,571,392
Value of total assets at end of year2021-12-31$126,914,483
Value of total assets at beginning of year2021-12-31$108,323,052
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$33,327
Total interest from all sources2021-12-31$141,688
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$33,599
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$33,599
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$10,000,000
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$2,984,786
Participant contributions at end of year2021-12-31$2,581,356
Participant contributions at beginning of year2021-12-31$2,525,824
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$203,754
Other income not declared elsewhere2021-12-31$-9,575
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$18,591,431
Value of net assets at end of year (total assets less liabilities)2021-12-31$126,914,483
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$108,323,052
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$5,647,035
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$4,487,125
Value of interest in pooled separate accounts at end of year2021-12-31$74,069,570
Value of interest in pooled separate accounts at beginning of year2021-12-31$64,920,794
Interest on participant loans2021-12-31$132,036
Interest earned on other investments2021-12-31$9,652
Value of interest in common/collective trusts at end of year2021-12-31$41,120,406
Value of interest in common/collective trusts at beginning of year2021-12-31$31,630,266
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2021-12-31$1,354,272
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2021-12-31$1,368,917
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$1,300,305
Net investment gain/loss from pooled separate accounts2021-12-31$11,382,289
Net investment gain or loss from common/collective trusts2021-12-31$5,014,093
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$3,382,852
Employer contributions (assets) at end of year2021-12-31$2,141,844
Employer contributions (assets) at beginning of year2021-12-31$3,390,126
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$5,809,033
Contract administrator fees2021-12-31$33,327
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31DOEREN MAYHEW
Accountancy firm EIN2021-12-31382492570
2020 : FOUNDERS FEDERAL CREDIT UNION DEFINED CONTRIBUTION PLAN 2020 401k financial data
Unrealized appreciation/depreciation of real estate assets2020-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2020-12-31$0
Total unrealized appreciation/depreciation of assets2020-12-31$0
Total transfer of assets to this plan2020-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total income from all sources (including contributions)2020-12-31$22,214,142
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$3,519,066
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$3,488,947
Expenses. Certain deemed distributions of participant loans2020-12-31$0
Value of total corrective distributions2020-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$8,231,504
Value of total assets at end of year2020-12-31$108,323,052
Value of total assets at beginning of year2020-12-31$89,627,976
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$30,119
Total income from rents2020-12-31$0
Total interest from all sources2020-12-31$161,913
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$46,071
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$46,071
Administrative expenses professional fees incurred2020-12-31$0
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$10,000,000
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Amount of non-exempt transactions with any party-in-interest2020-12-31$0
Contributions received from participants2020-12-31$2,804,005
Participant contributions at end of year2020-12-31$2,525,824
Participant contributions at beginning of year2020-12-31$2,692,124
Participant contributions at end of year2020-12-31$0
Participant contributions at beginning of year2020-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$758,030
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2020-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2020-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2020-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2020-12-31$0
Other income not declared elsewhere2020-12-31$7,918
Administrative expenses (other) incurred2020-12-31$0
Liabilities. Value of operating payables at beginning of year2020-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$18,695,076
Value of net assets at end of year (total assets less liabilities)2020-12-31$108,323,052
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$89,627,976
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year2020-12-31$0
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year2020-12-31$0
Investment advisory and management fees2020-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$4,487,125
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$4,720,630
Value of interest in pooled separate accounts at end of year2020-12-31$64,920,794
Value of interest in pooled separate accounts at beginning of year2020-12-31$53,415,197
Interest on participant loans2020-12-31$148,741
Income. Interest from loans (other than to participants)2020-12-31$0
Interest earned on other investments2020-12-31$13,172
Income. Interest from US Government securities2020-12-31$0
Income. Interest from corporate debt instruments2020-12-31$0
Value of interest in common/collective trusts at end of year2020-12-31$31,630,266
Value of interest in common/collective trusts at beginning of year2020-12-31$25,749,780
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2020-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2020-12-31$1,368,917
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2020-12-31$1,073,687
Expenses. Payments to insurance carriers foe the provision of benefits2020-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$115,800
Net investment gain/loss from pooled separate accounts2020-12-31$9,727,712
Net investment gain or loss from common/collective trusts2020-12-31$3,923,224
Net gain/loss from 103.12 investment entities2020-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$4,669,469
Employer contributions (assets) at end of year2020-12-31$3,390,126
Employer contributions (assets) at beginning of year2020-12-31$1,976,558
Income. Dividends from preferred stock2020-12-31$0
Income. Dividends from common stock2020-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$3,488,947
Contract administrator fees2020-12-31$30,119
Liabilities. Value of benefit claims payable at beginning of year2020-12-31$0
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Aggregate proceeds on sale of assets2020-12-31$0
Aggregate carrying amount (costs) on sale of assets2020-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2020-12-31$0
Opinion of an independent qualified public accountant for this plan2020-12-31Unqualified
Accountancy firm name2020-12-31DOEREN MAYHEW
Accountancy firm EIN2020-12-31382492570
2019 : FOUNDERS FEDERAL CREDIT UNION DEFINED CONTRIBUTION PLAN 2019 401k financial data
Unrealized appreciation/depreciation of real estate assets2019-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2019-12-31$0
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total transfer of assets to this plan2019-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total income from all sources (including contributions)2019-12-31$23,119,499
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$2,522,404
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$2,486,238
Expenses. Certain deemed distributions of participant loans2019-12-31$0
Value of total corrective distributions2019-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$6,668,274
Value of total assets at end of year2019-12-31$89,627,976
Value of total assets at beginning of year2019-12-31$69,030,881
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$36,166
Total income from rents2019-12-31$0
Total interest from all sources2019-12-31$156,966
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$50,515
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$50,515
Administrative expenses professional fees incurred2019-12-31$0
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$10,000,000
If this is an individual account plan, was there a blackout period2019-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Amount of non-exempt transactions with any party-in-interest2019-12-31$0
Contributions received from participants2019-12-31$2,635,717
Participant contributions at end of year2019-12-31$2,692,124
Participant contributions at beginning of year2019-12-31$2,201,854
Participant contributions at end of year2019-12-31$0
Participant contributions at beginning of year2019-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$865,778
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2019-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2019-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2019-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2019-12-31$0
Other income not declared elsewhere2019-12-31$15,776
Administrative expenses (other) incurred2019-12-31$0
Liabilities. Value of operating payables at beginning of year2019-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$20,597,095
Value of net assets at end of year (total assets less liabilities)2019-12-31$89,627,976
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$69,030,881
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year2019-12-31$0
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year2019-12-31$0
Investment advisory and management fees2019-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$4,720,630
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$675,706
Value of interest in pooled separate accounts at end of year2019-12-31$53,415,197
Value of interest in pooled separate accounts at beginning of year2019-12-31$44,647,653
Interest on participant loans2019-12-31$143,488
Income. Interest from loans (other than to participants)2019-12-31$0
Interest earned on other investments2019-12-31$13,478
Income. Interest from US Government securities2019-12-31$0
Income. Interest from corporate debt instruments2019-12-31$0
Value of interest in common/collective trusts at end of year2019-12-31$25,749,780
Value of interest in common/collective trusts at beginning of year2019-12-31$18,800,801
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2019-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2019-12-31$1,073,687
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2019-12-31$1,070,828
Expenses. Payments to insurance carriers foe the provision of benefits2019-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$658,537
Net investment gain/loss from pooled separate accounts2019-12-31$11,201,341
Net investment gain or loss from common/collective trusts2019-12-31$4,368,090
Net gain/loss from 103.12 investment entities2019-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$3,166,779
Employer contributions (assets) at end of year2019-12-31$1,976,558
Employer contributions (assets) at beginning of year2019-12-31$1,634,039
Income. Dividends from preferred stock2019-12-31$0
Income. Dividends from common stock2019-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$2,486,238
Contract administrator fees2019-12-31$36,166
Liabilities. Value of benefit claims payable at beginning of year2019-12-31$0
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Aggregate proceeds on sale of assets2019-12-31$0
Aggregate carrying amount (costs) on sale of assets2019-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2019-12-31$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31DOEREN MAYHEW
Accountancy firm EIN2019-12-31382492570
2018 : FOUNDERS FEDERAL CREDIT UNION DEFINED CONTRIBUTION PLAN 2018 401k financial data
Unrealized appreciation/depreciation of real estate assets2018-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2018-12-31$0
Total unrealized appreciation/depreciation of assets2018-12-31$0
Total transfer of assets to this plan2018-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total income from all sources (including contributions)2018-12-31$257,878
Total loss/gain on sale of assets2018-12-31$0
Total of all expenses incurred2018-12-31$3,177,389
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$3,150,128
Expenses. Certain deemed distributions of participant loans2018-12-31$0
Value of total corrective distributions2018-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$5,332,575
Value of total assets at end of year2018-12-31$69,030,881
Value of total assets at beginning of year2018-12-31$71,950,392
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$27,261
Total income from rents2018-12-31$0
Total interest from all sources2018-12-31$122,600
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$7,219
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2018-12-31$7,219
Administrative expenses professional fees incurred2018-12-31$0
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$10,000,000
If this is an individual account plan, was there a blackout period2018-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Amount of non-exempt transactions with any party-in-interest2018-12-31$0
Contributions received from participants2018-12-31$2,358,707
Participant contributions at end of year2018-12-31$2,201,854
Participant contributions at beginning of year2018-12-31$2,106,180
Participant contributions at end of year2018-12-31$0
Participant contributions at beginning of year2018-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$191,110
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2018-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2018-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2018-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2018-12-31$0
Other income not declared elsewhere2018-12-31$987
Administrative expenses (other) incurred2018-12-31$0
Liabilities. Value of operating payables at beginning of year2018-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$-2,919,511
Value of net assets at end of year (total assets less liabilities)2018-12-31$69,030,881
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$71,950,392
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year2018-12-31$0
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year2018-12-31$0
Investment advisory and management fees2018-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$675,706
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$797,124
Value of interest in pooled separate accounts at end of year2018-12-31$44,647,653
Value of interest in pooled separate accounts at beginning of year2018-12-31$47,393,632
Interest on participant loans2018-12-31$111,594
Income. Interest from loans (other than to participants)2018-12-31$0
Interest earned on other investments2018-12-31$11,006
Income. Interest from US Government securities2018-12-31$0
Income. Interest from corporate debt instruments2018-12-31$0
Value of interest in common/collective trusts at end of year2018-12-31$18,800,801
Value of interest in common/collective trusts at beginning of year2018-12-31$18,806,663
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2018-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2018-12-31$1,070,828
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2018-12-31$1,383,630
Expenses. Payments to insurance carriers foe the provision of benefits2018-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-147,292
Net investment gain/loss from pooled separate accounts2018-12-31$-3,397,488
Net investment gain or loss from common/collective trusts2018-12-31$-1,660,723
Net gain/loss from 103.12 investment entities2018-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Contributions received in cash from employer2018-12-31$2,782,758
Employer contributions (assets) at end of year2018-12-31$1,634,039
Employer contributions (assets) at beginning of year2018-12-31$1,463,163
Income. Dividends from preferred stock2018-12-31$0
Income. Dividends from common stock2018-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$3,150,128
Contract administrator fees2018-12-31$27,261
Liabilities. Value of benefit claims payable at beginning of year2018-12-31$0
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Aggregate proceeds on sale of assets2018-12-31$0
Aggregate carrying amount (costs) on sale of assets2018-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2018-12-31$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31DOEREN MAYHEW
Accountancy firm EIN2018-12-31382492570
2017 : FOUNDERS FEDERAL CREDIT UNION DEFINED CONTRIBUTION PLAN 2017 401k financial data
Unrealized appreciation/depreciation of real estate assets2017-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2017-12-31$0
Total unrealized appreciation/depreciation of assets2017-12-31$0
Total transfer of assets to this plan2017-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total income from all sources (including contributions)2017-12-31$14,809,909
Total loss/gain on sale of assets2017-12-31$0
Total of all expenses incurred2017-12-31$1,980,863
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$1,954,393
Expenses. Certain deemed distributions of participant loans2017-12-31$0
Value of total corrective distributions2017-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$5,100,901
Value of total assets at end of year2017-12-31$71,950,392
Value of total assets at beginning of year2017-12-31$59,121,346
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$26,470
Total income from rents2017-12-31$0
Total interest from all sources2017-12-31$99,574
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$4,864
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2017-12-31$4,864
Administrative expenses professional fees incurred2017-12-31$0
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$10,000,000
If this is an individual account plan, was there a blackout period2017-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Amount of non-exempt transactions with any party-in-interest2017-12-31$0
Contributions received from participants2017-12-31$2,207,978
Participant contributions at end of year2017-12-31$2,106,180
Participant contributions at beginning of year2017-12-31$2,062,385
Participant contributions at end of year2017-12-31$0
Participant contributions at beginning of year2017-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$392,239
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2017-12-31$114
Value of other receiveables (less allowance for doubtful accounts) at end of year2017-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2017-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2017-12-31$0
Other income not declared elsewhere2017-12-31$-11,143
Administrative expenses (other) incurred2017-12-31$0
Liabilities. Value of operating payables at beginning of year2017-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$12,829,046
Value of net assets at end of year (total assets less liabilities)2017-12-31$71,950,392
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$59,121,346
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year2017-12-31$0
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year2017-12-31$0
Investment advisory and management fees2017-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$797,124
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$463,606
Value of interest in pooled separate accounts at end of year2017-12-31$47,393,632
Value of interest in pooled separate accounts at beginning of year2017-12-31$38,951,632
Interest on participant loans2017-12-31$90,003
Income. Interest from loans (other than to participants)2017-12-31$0
Interest earned on other investments2017-12-31$9,571
Income. Interest from US Government securities2017-12-31$0
Income. Interest from corporate debt instruments2017-12-31$0
Value of interest in common/collective trusts at end of year2017-12-31$18,806,663
Value of interest in common/collective trusts at beginning of year2017-12-31$14,866,377
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2017-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2017-12-31$1,383,630
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2017-12-31$1,452,625
Expenses. Payments to insurance carriers foe the provision of benefits2017-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$171,393
Net investment gain/loss from pooled separate accounts2017-12-31$6,755,331
Net investment gain or loss from common/collective trusts2017-12-31$2,688,989
Net gain/loss from 103.12 investment entities2017-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$2,500,684
Employer contributions (assets) at end of year2017-12-31$1,463,163
Employer contributions (assets) at beginning of year2017-12-31$1,324,721
Income. Dividends from preferred stock2017-12-31$0
Income. Dividends from common stock2017-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$1,954,279
Contract administrator fees2017-12-31$26,470
Liabilities. Value of benefit claims payable at beginning of year2017-12-31$0
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Aggregate proceeds on sale of assets2017-12-31$0
Aggregate carrying amount (costs) on sale of assets2017-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2017-12-31$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31CLIFTONLARSONALLEN LLP
Accountancy firm EIN2017-12-31410746749
2016 : FOUNDERS FEDERAL CREDIT UNION DEFINED CONTRIBUTION PLAN 2016 401k financial data
Unrealized appreciation/depreciation of real estate assets2016-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2016-12-31$0
Total unrealized appreciation/depreciation of assets2016-12-31$0
Total transfer of assets to this plan2016-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Total income from all sources (including contributions)2016-12-31$8,629,668
Total loss/gain on sale of assets2016-12-31$0
Total of all expenses incurred2016-12-31$2,703,846
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$2,678,677
Expenses. Certain deemed distributions of participant loans2016-12-31$0
Value of total corrective distributions2016-12-31$2,466
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$4,415,312
Value of total assets at end of year2016-12-31$59,121,346
Value of total assets at beginning of year2016-12-31$53,195,524
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$22,703
Total income from rents2016-12-31$0
Total interest from all sources2016-12-31$89,392
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$4,782
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2016-12-31$4,782
Administrative expenses professional fees incurred2016-12-31$0
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$10,000,000
If this is an individual account plan, was there a blackout period2016-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Amount of non-exempt transactions with any party-in-interest2016-12-31$0
Contributions received from participants2016-12-31$1,988,662
Participant contributions at end of year2016-12-31$2,062,385
Participant contributions at beginning of year2016-12-31$1,741,255
Participant contributions at end of year2016-12-31$0
Participant contributions at beginning of year2016-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2016-12-31$178,698
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2016-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2016-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2016-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2016-12-31$0
Other income not declared elsewhere2016-12-31$273
Administrative expenses (other) incurred2016-12-31$0
Liabilities. Value of operating payables at beginning of year2016-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$5,925,822
Value of net assets at end of year (total assets less liabilities)2016-12-31$59,121,346
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$53,195,524
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year2016-12-31$0
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year2016-12-31$0
Investment advisory and management fees2016-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$463,606
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$947,949
Value of interest in pooled separate accounts at end of year2016-12-31$38,951,632
Value of interest in pooled separate accounts at beginning of year2016-12-31$47,891,894
Interest on participant loans2016-12-31$80,735
Income. Interest from loans (other than to participants)2016-12-31$0
Interest earned on other investments2016-12-31$8,657
Income. Interest from US Government securities2016-12-31$0
Income. Interest from corporate debt instruments2016-12-31$0
Value of interest in common/collective trusts at end of year2016-12-31$14,866,377
Value of interest in common/collective trusts at beginning of year2016-12-31$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2016-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2016-12-31$1,452,625
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2016-12-31$1,437,271
Expenses. Payments to insurance carriers foe the provision of benefits2016-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$26,237
Net investment gain/loss from pooled separate accounts2016-12-31$3,461,492
Net investment gain or loss from common/collective trusts2016-12-31$632,180
Net gain/loss from 103.12 investment entities2016-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31No
Was there a failure to transmit to the plan any participant contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Contributions received in cash from employer2016-12-31$2,247,952
Employer contributions (assets) at end of year2016-12-31$1,324,721
Employer contributions (assets) at beginning of year2016-12-31$1,177,155
Income. Dividends from preferred stock2016-12-31$0
Income. Dividends from common stock2016-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$2,678,677
Contract administrator fees2016-12-31$22,703
Liabilities. Value of benefit claims payable at beginning of year2016-12-31$0
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Aggregate proceeds on sale of assets2016-12-31$0
Aggregate carrying amount (costs) on sale of assets2016-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2016-12-31$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31CLIFTONLARSONALLEN LLP
Accountancy firm EIN2016-12-31410746749
2015 : FOUNDERS FEDERAL CREDIT UNION DEFINED CONTRIBUTION PLAN 2015 401k financial data
Unrealized appreciation/depreciation of real estate assets2015-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2015-12-31$0
Total unrealized appreciation/depreciation of assets2015-12-31$0
Total transfer of assets to this plan2015-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total income from all sources (including contributions)2015-12-31$4,125,802
Total loss/gain on sale of assets2015-12-31$0
Total of all expenses incurred2015-12-31$4,268,631
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$4,247,713
Expenses. Certain deemed distributions of participant loans2015-12-31$0
Value of total corrective distributions2015-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$4,145,401
Value of total assets at end of year2015-12-31$53,195,524
Value of total assets at beginning of year2015-12-31$53,338,353
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$20,918
Total income from rents2015-12-31$0
Total interest from all sources2015-12-31$77,753
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$7,393
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2015-12-31$7,393
Administrative expenses professional fees incurred2015-12-31$0
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$10,000,000
If this is an individual account plan, was there a blackout period2015-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Amount of non-exempt transactions with any party-in-interest2015-12-31$0
Contributions received from participants2015-12-31$1,812,655
Participant contributions at end of year2015-12-31$1,741,255
Participant contributions at beginning of year2015-12-31$1,700,063
Participant contributions at end of year2015-12-31$0
Participant contributions at beginning of year2015-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2015-12-31$326,462
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2015-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2015-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2015-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2015-12-31$0
Other income not declared elsewhere2015-12-31$-1,096
Administrative expenses (other) incurred2015-12-31$0
Liabilities. Value of operating payables at beginning of year2015-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$-142,829
Value of net assets at end of year (total assets less liabilities)2015-12-31$53,195,524
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$53,338,353
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year2015-12-31$0
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year2015-12-31$0
Investment advisory and management fees2015-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$947,949
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$431,279
Value of interest in pooled separate accounts at end of year2015-12-31$47,891,894
Value of interest in pooled separate accounts at beginning of year2015-12-31$48,742,073
Interest on participant loans2015-12-31$73,378
Income. Interest from loans (other than to participants)2015-12-31$0
Interest earned on other investments2015-12-31$4,375
Income. Interest from US Government securities2015-12-31$0
Income. Interest from corporate debt instruments2015-12-31$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2015-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2015-12-31$1,437,271
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2015-12-31$1,392,781
Expenses. Payments to insurance carriers foe the provision of benefits2015-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$-38,772
Net investment gain/loss from pooled separate accounts2015-12-31$-64,877
Net investment gain or loss from common/collective trusts2015-12-31$0
Net gain/loss from 103.12 investment entities2015-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
Was there a failure to transmit to the plan any participant contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Contributions received in cash from employer2015-12-31$2,006,284
Employer contributions (assets) at end of year2015-12-31$1,177,155
Employer contributions (assets) at beginning of year2015-12-31$1,072,157
Income. Dividends from preferred stock2015-12-31$0
Income. Dividends from common stock2015-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$4,247,713
Contract administrator fees2015-12-31$20,918
Liabilities. Value of benefit claims payable at beginning of year2015-12-31$0
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Aggregate proceeds on sale of assets2015-12-31$0
Aggregate carrying amount (costs) on sale of assets2015-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2015-12-31$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31CLIFTONLARSONALLEN LLP
Accountancy firm EIN2015-12-31410746749
2014 : FOUNDERS FEDERAL CREDIT UNION DEFINED CONTRIBUTION PLAN 2014 401k financial data
Unrealized appreciation/depreciation of real estate assets2014-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2014-12-31$0
Total unrealized appreciation/depreciation of assets2014-12-31$0
Total transfer of assets to this plan2014-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total income from all sources (including contributions)2014-12-31$6,605,813
Total loss/gain on sale of assets2014-12-31$0
Total of all expenses incurred2014-12-31$4,116,743
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$4,096,967
Expenses. Certain deemed distributions of participant loans2014-12-31$0
Value of total corrective distributions2014-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$3,373,536
Value of total assets at end of year2014-12-31$53,338,353
Value of total assets at beginning of year2014-12-31$50,849,283
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$19,776
Total income from rents2014-12-31$0
Total interest from all sources2014-12-31$81,396
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$3,719
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2014-12-31$3,719
Administrative expenses professional fees incurred2014-12-31$0
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$10,000,000
If this is an individual account plan, was there a blackout period2014-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Amount of non-exempt transactions with any party-in-interest2014-12-31$0
Contributions received from participants2014-12-31$1,490,822
Participant contributions at end of year2014-12-31$1,700,063
Participant contributions at beginning of year2014-12-31$1,761,341
Participant contributions at end of year2014-12-31$0
Participant contributions at beginning of year2014-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2014-12-31$38,219
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2014-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2014-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2014-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2014-12-31$0
Other income not declared elsewhere2014-12-31$-2,108
Administrative expenses (other) incurred2014-12-31$0
Liabilities. Value of operating payables at beginning of year2014-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$2,489,070
Value of net assets at end of year (total assets less liabilities)2014-12-31$53,338,353
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$50,849,283
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year2014-12-31$0
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year2014-12-31$0
Investment advisory and management fees2014-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-12-31$431,279
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$0
Value of interest in pooled separate accounts at end of year2014-12-31$48,742,073
Value of interest in pooled separate accounts at beginning of year2014-12-31$46,708,938
Interest on participant loans2014-12-31$77,674
Income. Interest from loans (other than to participants)2014-12-31$0
Interest earned on other investments2014-12-31$3,722
Income. Interest from US Government securities2014-12-31$0
Income. Interest from corporate debt instruments2014-12-31$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2014-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2014-12-31$1,392,781
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2014-12-31$1,302,936
Expenses. Payments to insurance carriers foe the provision of benefits2014-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$3,660
Net investment gain/loss from pooled separate accounts2014-12-31$3,145,610
Net investment gain or loss from common/collective trusts2014-12-31$0
Net gain/loss from 103.12 investment entities2014-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31No
Was there a failure to transmit to the plan any participant contributions2014-12-31No
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Contributions received in cash from employer2014-12-31$1,844,495
Employer contributions (assets) at end of year2014-12-31$1,072,157
Employer contributions (assets) at beginning of year2014-12-31$1,076,068
Income. Dividends from preferred stock2014-12-31$0
Income. Dividends from common stock2014-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$4,096,967
Contract administrator fees2014-12-31$19,776
Liabilities. Value of benefit claims payable at beginning of year2014-12-31$0
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Aggregate proceeds on sale of assets2014-12-31$0
Aggregate carrying amount (costs) on sale of assets2014-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2014-12-31$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31Yes
Opinion of an independent qualified public accountant for this plan2014-12-31Disclaimer
Accountancy firm name2014-12-31ORTH, CHAKLER, MURNANE & CO., CPA
Accountancy firm EIN2014-12-31650662923
2013 : FOUNDERS FEDERAL CREDIT UNION DEFINED CONTRIBUTION PLAN 2013 401k financial data
Unrealized appreciation/depreciation of real estate assets2013-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2013-12-31$0
Total unrealized appreciation/depreciation of assets2013-12-31$0
Total transfer of assets to this plan2013-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$0
Total income from all sources (including contributions)2013-12-31$12,156,578
Total loss/gain on sale of assets2013-12-31$0
Total of all expenses incurred2013-12-31$1,268,184
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$1,251,371
Expenses. Certain deemed distributions of participant loans2013-12-31$-1,418
Value of total corrective distributions2013-12-31$1,301
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$3,483,032
Value of total assets at end of year2013-12-31$50,849,283
Value of total assets at beginning of year2013-12-31$39,960,889
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$16,930
Total income from rents2013-12-31$0
Total interest from all sources2013-12-31$77,969
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2013-12-31$0
Administrative expenses professional fees incurred2013-12-31$0
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$10,000,000
If this is an individual account plan, was there a blackout period2013-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Amount of non-exempt transactions with any party-in-interest2013-12-31$0
Contributions received from participants2013-12-31$1,483,541
Participant contributions at end of year2013-12-31$1,761,341
Participant contributions at beginning of year2013-12-31$1,679,173
Participant contributions at end of year2013-12-31$0
Participant contributions at beginning of year2013-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2013-12-31$160,835
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2013-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2013-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2013-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2013-12-31$0
Other income not declared elsewhere2013-12-31$-8,905
Administrative expenses (other) incurred2013-12-31$0
Liabilities. Value of operating payables at beginning of year2013-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Value of net income/loss2013-12-31$10,888,394
Value of net assets at end of year (total assets less liabilities)2013-12-31$50,849,283
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$39,960,889
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-12-31No
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year2013-12-31$0
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year2013-12-31$0
Investment advisory and management fees2013-12-31$0
Value of interest in pooled separate accounts at end of year2013-12-31$46,708,938
Value of interest in pooled separate accounts at beginning of year2013-12-31$35,958,134
Interest on participant loans2013-12-31$73,057
Income. Interest from loans (other than to participants)2013-12-31$0
Interest earned on other investments2013-12-31$4,912
Income. Interest from US Government securities2013-12-31$0
Income. Interest from corporate debt instruments2013-12-31$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2013-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2013-12-31$1,302,936
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2013-12-31$1,320,935
Expenses. Payments to insurance carriers foe the provision of benefits2013-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2013-12-31$0
Net investment gain/loss from pooled separate accounts2013-12-31$8,604,482
Net investment gain or loss from common/collective trusts2013-12-31$0
Net gain/loss from 103.12 investment entities2013-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31No
Was there a failure to transmit to the plan any participant contributions2013-12-31No
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Contributions received in cash from employer2013-12-31$1,838,656
Employer contributions (assets) at end of year2013-12-31$1,076,068
Employer contributions (assets) at beginning of year2013-12-31$1,002,647
Income. Dividends from preferred stock2013-12-31$0
Income. Dividends from common stock2013-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$1,251,371
Contract administrator fees2013-12-31$16,930
Liabilities. Value of benefit claims payable at beginning of year2013-12-31$0
Did the plan have assets held for investment2013-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31No
Aggregate proceeds on sale of assets2013-12-31$0
Aggregate carrying amount (costs) on sale of assets2013-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2013-12-31$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31Yes
Opinion of an independent qualified public accountant for this plan2013-12-31Disclaimer
Accountancy firm name2013-12-31ORTH, CHAKLER, MURNANE & CO., CPA
Accountancy firm EIN2013-12-31650662923
2012 : FOUNDERS FEDERAL CREDIT UNION DEFINED CONTRIBUTION PLAN 2012 401k financial data
Unrealized appreciation/depreciation of real estate assets2012-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2012-12-31$0
Total unrealized appreciation/depreciation of assets2012-12-31$0
Total transfer of assets to this plan2012-12-31$0
Total transfer of assets from this plan2012-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total income from all sources (including contributions)2012-12-31$7,198,940
Total loss/gain on sale of assets2012-12-31$0
Total of all expenses incurred2012-12-31$1,570,797
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$1,538,325
Expenses. Certain deemed distributions of participant loans2012-12-31$17,222
Value of total corrective distributions2012-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$3,033,069
Value of total assets at end of year2012-12-31$39,960,889
Value of total assets at beginning of year2012-12-31$34,332,746
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$15,250
Total income from rents2012-12-31$0
Total interest from all sources2012-12-31$79,294
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2012-12-31$0
Administrative expenses professional fees incurred2012-12-31$0
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$10,000,000
If this is an individual account plan, was there a blackout period2012-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Amount of non-exempt transactions with any party-in-interest2012-12-31$0
Contributions received from participants2012-12-31$1,327,380
Participant contributions at end of year2012-12-31$1,679,173
Participant contributions at beginning of year2012-12-31$1,493,419
Participant contributions at end of year2012-12-31$0
Participant contributions at beginning of year2012-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2012-12-31$23,967
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2012-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2012-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2012-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2012-12-31$0
Other income not declared elsewhere2012-12-31$-1,735
Administrative expenses (other) incurred2012-12-31$0
Liabilities. Value of operating payables at beginning of year2012-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$5,628,143
Value of net assets at end of year (total assets less liabilities)2012-12-31$39,960,889
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$34,332,746
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year2012-12-31$0
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year2012-12-31$0
Investment advisory and management fees2012-12-31$0
Value of interest in pooled separate accounts at end of year2012-12-31$35,958,134
Value of interest in pooled separate accounts at beginning of year2012-12-31$30,365,601
Interest on participant loans2012-12-31$69,749
Income. Interest from loans (other than to participants)2012-12-31$0
Interest earned on other investments2012-12-31$9,545
Income. Interest from US Government securities2012-12-31$0
Income. Interest from corporate debt instruments2012-12-31$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2012-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2012-12-31$1,320,935
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2012-12-31$1,493,342
Expenses. Payments to insurance carriers foe the provision of benefits2012-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$0
Net investment gain/loss from pooled separate accounts2012-12-31$4,088,312
Net investment gain or loss from common/collective trusts2012-12-31$0
Net gain/loss from 103.12 investment entities2012-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31No
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Contributions received in cash from employer2012-12-31$1,681,722
Employer contributions (assets) at end of year2012-12-31$1,002,647
Employer contributions (assets) at beginning of year2012-12-31$980,384
Income. Dividends from preferred stock2012-12-31$0
Income. Dividends from common stock2012-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$1,538,325
Contract administrator fees2012-12-31$15,250
Liabilities. Value of benefit claims payable at beginning of year2012-12-31$0
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Aggregate proceeds on sale of assets2012-12-31$0
Aggregate carrying amount (costs) on sale of assets2012-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2012-12-31$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31Yes
Opinion of an independent qualified public accountant for this plan2012-12-31Disclaimer
Accountancy firm name2012-12-31ORTH, CHAKLER, MURNANE & CO., CPAS
Accountancy firm EIN2012-12-31650662923
2011 : FOUNDERS FEDERAL CREDIT UNION DEFINED CONTRIBUTION PLAN 2011 401k financial data
Unrealized appreciation/depreciation of real estate assets2011-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2011-12-31$0
Total unrealized appreciation/depreciation of assets2011-12-31$0
Total transfer of assets to this plan2011-12-31$0
Total transfer of assets from this plan2011-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total income from all sources (including contributions)2011-12-31$3,106,461
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$1,644,419
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$1,627,812
Expenses. Certain deemed distributions of participant loans2011-12-31$0
Value of total corrective distributions2011-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$2,978,788
Value of total assets at end of year2011-12-31$34,332,746
Value of total assets at beginning of year2011-12-31$32,870,704
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$16,607
Total income from rents2011-12-31$0
Total interest from all sources2011-12-31$82,794
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2011-12-31$0
Administrative expenses professional fees incurred2011-12-31$0
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$10,000,000
If this is an individual account plan, was there a blackout period2011-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Amount of non-exempt transactions with any party-in-interest2011-12-31$0
Contributions received from participants2011-12-31$1,282,018
Participant contributions at end of year2011-12-31$1,493,419
Participant contributions at beginning of year2011-12-31$1,419,797
Participant contributions at end of year2011-12-31$0
Participant contributions at beginning of year2011-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$75,000
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2011-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2011-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2011-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2011-12-31$0
Other income not declared elsewhere2011-12-31$7,921
Administrative expenses (other) incurred2011-12-31$0
Liabilities. Value of operating payables at beginning of year2011-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$1,462,042
Value of net assets at end of year (total assets less liabilities)2011-12-31$34,332,746
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$32,870,704
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year2011-12-31$0
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year2011-12-31$0
Investment advisory and management fees2011-12-31$0
Value of interest in pooled separate accounts at end of year2011-12-31$30,365,601
Value of interest in pooled separate accounts at beginning of year2011-12-31$28,734,864
Interest on participant loans2011-12-31$68,343
Income. Interest from loans (other than to participants)2011-12-31$0
Interest earned on other investments2011-12-31$14,451
Income. Interest from US Government securities2011-12-31$0
Income. Interest from corporate debt instruments2011-12-31$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2011-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2011-12-31$1,493,342
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2011-12-31$1,745,424
Expenses. Payments to insurance carriers foe the provision of benefits2011-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$0
Net investment gain/loss from pooled separate accounts2011-12-31$36,958
Net investment gain or loss from common/collective trusts2011-12-31$0
Net gain/loss from 103.12 investment entities2011-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Contributions received in cash from employer2011-12-31$1,621,770
Employer contributions (assets) at end of year2011-12-31$980,384
Employer contributions (assets) at beginning of year2011-12-31$970,619
Income. Dividends from preferred stock2011-12-31$0
Income. Dividends from common stock2011-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$1,627,812
Contract administrator fees2011-12-31$16,607
Liabilities. Value of benefit claims payable at beginning of year2011-12-31$0
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Aggregate proceeds on sale of assets2011-12-31$0
Aggregate carrying amount (costs) on sale of assets2011-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2011-12-31$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31Yes
Opinion of an independent qualified public accountant for this plan2011-12-31Disclaimer
Accountancy firm name2011-12-31ORTH, CHAKLER, MURNANE & COMPANY
Accountancy firm EIN2011-12-31650662923
2010 : FOUNDERS FEDERAL CREDIT UNION DEFINED CONTRIBUTION PLAN 2010 401k financial data
Unrealized appreciation/depreciation of real estate assets2010-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2010-12-31$0
Total unrealized appreciation/depreciation of assets2010-12-31$0
Total transfer of assets to this plan2010-12-31$0
Total transfer of assets from this plan2010-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total income from all sources (including contributions)2010-12-31$6,792,091
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$1,036,939
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$1,011,265
Expenses. Certain deemed distributions of participant loans2010-12-31$0
Value of total corrective distributions2010-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$2,921,420
Value of total assets at end of year2010-12-31$32,870,704
Value of total assets at beginning of year2010-12-31$27,115,552
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$25,674
Total income from rents2010-12-31$0
Total interest from all sources2010-12-31$95,879
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2010-12-31$0
Administrative expenses professional fees incurred2010-12-31$0
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$10,000,000
If this is an individual account plan, was there a blackout period2010-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Amount of non-exempt transactions with any party-in-interest2010-12-31$0
Contributions received from participants2010-12-31$1,287,778
Participant contributions at end of year2010-12-31$1,419,797
Participant contributions at beginning of year2010-12-31$1,140,012
Participant contributions at end of year2010-12-31$0
Participant contributions at beginning of year2010-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$21,344
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2010-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2010-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2010-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2010-12-31$0
Other income not declared elsewhere2010-12-31$1,097
Administrative expenses (other) incurred2010-12-31$0
Liabilities. Value of operating payables at beginning of year2010-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$5,755,152
Value of net assets at end of year (total assets less liabilities)2010-12-31$32,870,704
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$27,115,552
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year2010-12-31$0
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year2010-12-31$0
Investment advisory and management fees2010-12-31$0
Value of interest in pooled separate accounts at end of year2010-12-31$28,734,864
Value of interest in pooled separate accounts at beginning of year2010-12-31$22,889,940
Interest on participant loans2010-12-31$66,742
Income. Interest from loans (other than to participants)2010-12-31$0
Interest earned on other investments2010-12-31$29,137
Income. Interest from US Government securities2010-12-31$0
Income. Interest from corporate debt instruments2010-12-31$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2010-12-31$1,745,424
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2010-12-31$1,899,485
Expenses. Payments to insurance carriers foe the provision of benefits2010-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$0
Net investment gain/loss from pooled separate accounts2010-12-31$3,773,695
Net investment gain or loss from common/collective trusts2010-12-31$0
Net gain/loss from 103.12 investment entities2010-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Contributions received in cash from employer2010-12-31$1,612,298
Employer contributions (assets) at end of year2010-12-31$970,619
Employer contributions (assets) at beginning of year2010-12-31$1,186,115
Income. Dividends from preferred stock2010-12-31$0
Income. Dividends from common stock2010-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$1,011,265
Contract administrator fees2010-12-31$25,674
Liabilities. Value of benefit claims payable at beginning of year2010-12-31$0
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Aggregate proceeds on sale of assets2010-12-31$0
Aggregate carrying amount (costs) on sale of assets2010-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2010-12-31$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31Yes
Opinion of an independent qualified public accountant for this plan2010-12-31Disclaimer
Accountancy firm name2010-12-31ORTH, CHAKLER, MURNANE & COMPANY
Accountancy firm EIN2010-12-31650662923
2009 : FOUNDERS FEDERAL CREDIT UNION DEFINED CONTRIBUTION PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for FOUNDERS FEDERAL CREDIT UNION DEFINED CONTRIBUTION PLAN

2023: FOUNDERS FEDERAL CREDIT UNION DEFINED CONTRIBUTION PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – InsuranceYes
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement – InsuranceYes
2023-01-01Plan benefit arrangement - TrustYes
2022: FOUNDERS FEDERAL CREDIT UNION DEFINED CONTRIBUTION PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes
2021: FOUNDERS FEDERAL CREDIT UNION DEFINED CONTRIBUTION PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement – InsuranceYes
2021-01-01Plan benefit arrangement - TrustYes
2020: FOUNDERS FEDERAL CREDIT UNION DEFINED CONTRIBUTION PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
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 – InsuranceYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement – InsuranceYes
2020-01-01Plan benefit arrangement - TrustYes
2019: FOUNDERS FEDERAL CREDIT UNION DEFINED CONTRIBUTION PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
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
2018: FOUNDERS FEDERAL CREDIT UNION DEFINED CONTRIBUTION PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – InsuranceYes
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement – InsuranceYes
2018-01-01Plan benefit arrangement - TrustYes
2017: FOUNDERS FEDERAL CREDIT UNION DEFINED CONTRIBUTION PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – InsuranceYes
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement – InsuranceYes
2017-01-01Plan benefit arrangement - TrustYes
2016: FOUNDERS FEDERAL CREDIT UNION DEFINED CONTRIBUTION PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – InsuranceYes
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement – InsuranceYes
2016-01-01Plan benefit arrangement - TrustYes
2015: FOUNDERS FEDERAL CREDIT UNION DEFINED CONTRIBUTION PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – InsuranceYes
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement – InsuranceYes
2015-01-01Plan benefit arrangement - TrustYes
2014: FOUNDERS FEDERAL CREDIT UNION DEFINED CONTRIBUTION PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – InsuranceYes
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement – InsuranceYes
2014-01-01Plan benefit arrangement - TrustYes
2013: FOUNDERS FEDERAL CREDIT UNION DEFINED CONTRIBUTION PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
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 – InsuranceYes
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement – InsuranceYes
2013-01-01Plan benefit arrangement - TrustYes
2012: FOUNDERS FEDERAL CREDIT UNION DEFINED CONTRIBUTION PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – InsuranceYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement – InsuranceYes
2012-01-01Plan benefit arrangement - TrustYes
2011: FOUNDERS FEDERAL CREDIT UNION DEFINED CONTRIBUTION PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – InsuranceYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement – InsuranceYes
2011-01-01Plan benefit arrangement - TrustYes
2009: FOUNDERS FEDERAL CREDIT UNION DEFINED CONTRIBUTION PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
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

PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number413150
Policy instance 1
Insurance contract or identification number413150
Number of Individuals Covered0
Insurance policy start date2023-01-01
Insurance policy end date2023-12-31
Total amount of commissions paid to insurance brokerUSD $37,054
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number413150
Policy instance 1
Insurance contract or identification number413150
Number of Individuals Covered906
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $37,629
Total amount of fees paid to insurance companyUSD $0
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number413150
Policy instance 1
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number413150
Policy instance 1
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number413150
Policy instance 1
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number413150
Policy instance 1
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number413150
Policy instance 1
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number413150
Policy instance 1
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number413150
Policy instance 1
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number413150
Policy instance 1
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number413150
Policy instance 1
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number413150
Policy instance 1
PRINCIPAL LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 61271 )
Policy contract number413150
Policy instance 1

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