COMMONWEALTH CREDIT UNION has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan COMMONWEALTH CREDIT UNION 401(K) RETIREMENT SAVINGS PLAN
| Measure | Date | Value |
|---|
| 2023 : COMMONWEALTH CREDIT UNION 401(K) RETIREMENT SAVINGS PLAN 2023 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2023-12-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-12-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-12-31 | $0 |
| Total income from all sources (including contributions) | 2023-12-31 | $4,111,087 |
| Total loss/gain on sale of assets | 2023-12-31 | $0 |
| Total of all expenses incurred | 2023-12-31 | $1,030,923 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2023-12-31 | $991,965 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2023-12-31 | $2,102,359 |
| Value of total assets at end of year | 2023-12-31 | $17,031,024 |
| Value of total assets at beginning of year | 2023-12-31 | $13,950,860 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2023-12-31 | $38,958 |
| Total interest from all sources | 2023-12-31 | $86,692 |
| Total dividends received (eg from common stock, registered investment company shares) | 2023-12-31 | $50,958 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2023-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2023-12-31 | $50,958 |
| Was this plan covered by a fidelity bond | 2023-12-31 | Yes |
| Value of fidelity bond cover | 2023-12-31 | $9,000,000 |
| If this is an individual account plan, was there a blackout period | 2023-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2023-12-31 | No |
| Contributions received from participants | 2023-12-31 | $1,753,397 |
| Participant contributions at end of year | 2023-12-31 | $400,757 |
| Participant contributions at beginning of year | 2023-12-31 | $280,137 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2023-12-31 | $74,963 |
| Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries) | 2023-12-31 | $1,625 |
| Other income not declared elsewhere | 2023-12-31 | $2,136 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-12-31 | No |
| Value of net income/loss | 2023-12-31 | $3,080,164 |
| Value of net assets at end of year (total assets less liabilities) | 2023-12-31 | $17,031,024 |
| Value of net assets at beginning of year (total assets less liabilities) | 2023-12-31 | $13,950,860 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2023-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2023-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2023-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2023-12-31 | $5,964,063 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2023-12-31 | $4,415,863 |
| Value of interest in pooled separate accounts at end of year | 2023-12-31 | $7,522,262 |
| Value of interest in pooled separate accounts at beginning of year | 2023-12-31 | $6,058,529 |
| Interest on participant loans | 2023-12-31 | $22,984 |
| Interest earned on other investments | 2023-12-31 | $63,708 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2023-12-31 | $3,143,942 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2023-12-31 | $2,960,628 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2023-12-31 | $1,104,733 |
| Net investment gain/loss from pooled separate accounts | 2023-12-31 | $764,209 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2023-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2023-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2023-12-31 | No |
| Contributions received in cash from employer | 2023-12-31 | $273,999 |
| Employer contributions (assets) at beginning of year | 2023-12-31 | $235,703 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2023-12-31 | $990,340 |
| Contract administrator fees | 2023-12-31 | $38,958 |
| Did the plan have assets held for investment | 2023-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2023-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2023-12-31 | Unqualified |
| Accountancy firm name | 2023-12-31 | DOEREN MAYHEW & CO., P.C. CO. |
| Accountancy firm EIN | 2023-12-31 | 382492570 |
| Total unrealized appreciation/depreciation of assets | 2023-01-01 | $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 | $4,111,087 |
| Total loss/gain on sale of assets | 2023-01-01 | $0 |
| Total of all expenses incurred | 2023-01-01 | $1,030,923 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2023-01-01 | $991,965 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2023-01-01 | $2,102,359 |
| Value of total assets at end of year | 2023-01-01 | $17,031,024 |
| Value of total assets at beginning of year | 2023-01-01 | $13,950,860 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2023-01-01 | $38,958 |
| Total interest from all sources | 2023-01-01 | $86,692 |
| Total dividends received (eg from common stock, registered investment company shares) | 2023-01-01 | $50,958 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2023-01-01 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2023-01-01 | $50,958 |
| Was this plan covered by a fidelity bond | 2023-01-01 | Yes |
| Value of fidelity bond cover | 2023-01-01 | $9,000,000 |
| If this is an individual account plan, was there a blackout period | 2023-01-01 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2023-01-01 | No |
| Contributions received from participants | 2023-01-01 | $1,753,397 |
| Participant contributions at end of year | 2023-01-01 | $400,757 |
| Participant contributions at beginning of year | 2023-01-01 | $280,137 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2023-01-01 | $74,963 |
| Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries) | 2023-01-01 | $1,625 |
| Other income not declared elsewhere | 2023-01-01 | $2,136 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-01-01 | No |
| Value of net income/loss | 2023-01-01 | $3,080,164 |
| Value of net assets at end of year (total assets less liabilities) | 2023-01-01 | $17,031,024 |
| Value of net assets at beginning of year (total assets less liabilities) | 2023-01-01 | $13,950,860 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2023-01-01 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2023-01-01 | No |
| Were any leases to which the plan was party in default or uncollectible | 2023-01-01 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2023-01-01 | $5,964,063 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2023-01-01 | $4,415,863 |
| Value of interest in pooled separate accounts at end of year | 2023-01-01 | $7,522,262 |
| Value of interest in pooled separate accounts at beginning of year | 2023-01-01 | $6,058,529 |
| Interest on participant loans | 2023-01-01 | $22,984 |
| Interest earned on other investments | 2023-01-01 | $63,708 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2023-01-01 | $3,143,942 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2023-01-01 | $2,960,628 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2023-01-01 | $1,104,733 |
| Net investment gain/loss from pooled separate accounts | 2023-01-01 | $764,209 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2023-01-01 | No |
| Was there a failure to transmit to the plan any participant contributions | 2023-01-01 | No |
| Has the plan failed to provide any benefit when due under the plan | 2023-01-01 | No |
| Contributions received in cash from employer | 2023-01-01 | $273,999 |
| Employer contributions (assets) at beginning of year | 2023-01-01 | $235,703 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2023-01-01 | $990,340 |
| Contract administrator fees | 2023-01-01 | $38,958 |
| Did the plan have assets held for investment | 2023-01-01 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-01-01 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2023-01-01 | No |
| Opinion of an independent qualified public accountant for this plan | 2023-01-01 | 1 |
| Accountancy firm name | 2023-01-01 | DOEREN MAYHEW & CO., P.C. CO. |
| Accountancy firm EIN | 2023-01-01 | 382492570 |
| 2022 : COMMONWEALTH CREDIT UNION 401(K) RETIREMENT SAVINGS PLAN 2022 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2022-12-31 | $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 | $-157,399 |
| Total loss/gain on sale of assets | 2022-12-31 | $0 |
| Total of all expenses incurred | 2022-12-31 | $1,275,752 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $1,241,580 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $1,988,548 |
| Value of total assets at end of year | 2022-12-31 | $13,950,860 |
| Value of total assets at beginning of year | 2022-12-31 | $15,384,011 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $34,172 |
| Total interest from all sources | 2022-12-31 | $70,393 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $42,700 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-12-31 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2022-12-31 | $42,700 |
| Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
| Value of fidelity bond cover | 2022-12-31 | $9,000,000 |
| If this is an individual account plan, was there a blackout period | 2022-12-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2022-12-31 | No |
| Contributions received from participants | 2022-12-31 | $1,475,462 |
| Participant contributions at end of year | 2022-12-31 | $280,137 |
| Participant contributions at beginning of year | 2022-12-31 | $293,213 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2022-12-31 | $33,842 |
| Other income not declared elsewhere | 2022-12-31 | $39 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
| Value of net income/loss | 2022-12-31 | $-1,433,151 |
| Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $13,950,860 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $15,384,011 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-12-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-12-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-12-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-12-31 | $4,415,863 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-12-31 | $4,580,070 |
| Value of interest in pooled separate accounts at end of year | 2022-12-31 | $6,058,529 |
| Value of interest in pooled separate accounts at beginning of year | 2022-12-31 | $6,809,741 |
| Interest on participant loans | 2022-12-31 | $13,867 |
| Interest earned on other investments | 2022-12-31 | $56,526 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2022-12-31 | $2,960,628 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2022-12-31 | $3,516,013 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-12-31 | $-1,275,065 |
| Net investment gain/loss from pooled separate accounts | 2022-12-31 | $-984,014 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-12-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2022-12-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2022-12-31 | No |
| Contributions received in cash from employer | 2022-12-31 | $479,244 |
| Employer contributions (assets) at end of year | 2022-12-31 | $235,703 |
| Employer contributions (assets) at beginning of year | 2022-12-31 | $184,974 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $1,241,580 |
| Contract administrator fees | 2022-12-31 | $34,172 |
| Did the plan have assets held for investment | 2022-12-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-12-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2022-12-31 | Unqualified |
| Accountancy firm name | 2022-12-31 | DOEREN MAYHEW & CO., P.C. CO. |
| Accountancy firm EIN | 2022-12-31 | 382492570 |
| Total unrealized appreciation/depreciation of assets | 2022-01-01 | $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 | $-157,399 |
| Total loss/gain on sale of assets | 2022-01-01 | $0 |
| Total of all expenses incurred | 2022-01-01 | $1,275,752 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-01-01 | $1,241,580 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-01-01 | $1,988,548 |
| Value of total assets at end of year | 2022-01-01 | $13,950,860 |
| Value of total assets at beginning of year | 2022-01-01 | $15,384,011 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-01-01 | $34,172 |
| Total interest from all sources | 2022-01-01 | $70,393 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-01-01 | $42,700 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-01-01 | No |
| Total dividends received from registered investment company shares (eg mutual funds) | 2022-01-01 | $42,700 |
| Was this plan covered by a fidelity bond | 2022-01-01 | Yes |
| Value of fidelity bond cover | 2022-01-01 | $9,000,000 |
| If this is an individual account plan, was there a blackout period | 2022-01-01 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2022-01-01 | No |
| Contributions received from participants | 2022-01-01 | $1,475,462 |
| Participant contributions at end of year | 2022-01-01 | $280,137 |
| Participant contributions at beginning of year | 2022-01-01 | $293,213 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2022-01-01 | $33,842 |
| Other income not declared elsewhere | 2022-01-01 | $39 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-01-01 | No |
| Value of net income/loss | 2022-01-01 | $-1,433,151 |
| Value of net assets at end of year (total assets less liabilities) | 2022-01-01 | $13,950,860 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-01-01 | $15,384,011 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-01-01 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-01-01 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-01-01 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-01-01 | $4,415,863 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-01-01 | $4,580,070 |
| Value of interest in pooled separate accounts at end of year | 2022-01-01 | $6,058,529 |
| Value of interest in pooled separate accounts at beginning of year | 2022-01-01 | $6,809,741 |
| Interest on participant loans | 2022-01-01 | $13,867 |
| Interest earned on other investments | 2022-01-01 | $56,526 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2022-01-01 | $2,960,628 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2022-01-01 | $3,516,013 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-01-01 | $-1,275,065 |
| Net investment gain/loss from pooled separate accounts | 2022-01-01 | $-984,014 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-01-01 | No |
| Was there a failure to transmit to the plan any participant contributions | 2022-01-01 | No |
| Has the plan failed to provide any benefit when due under the plan | 2022-01-01 | No |
| Contributions received in cash from employer | 2022-01-01 | $479,244 |
| Employer contributions (assets) at end of year | 2022-01-01 | $235,703 |
| Employer contributions (assets) at beginning of year | 2022-01-01 | $184,974 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-01-01 | $1,241,580 |
| Contract administrator fees | 2022-01-01 | $34,172 |
| Did the plan have assets held for investment | 2022-01-01 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-01-01 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-01-01 | No |
| Opinion of an independent qualified public accountant for this plan | 2022-01-01 | 1 |
| Accountancy firm name | 2022-01-01 | DOEREN MAYHEW & CO., P.C. CO. |
| Accountancy firm EIN | 2022-01-01 | 382492570 |
