EDUCATION CREDIT UNION has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan EDUCATION CREDIT UNION 401(K) PLAN
Measure | Date | Value |
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2022 : EDUCATION CREDIT UNION 401(K) PLAN 2022 401k financial data |
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Total income from all sources (including contributions) | 2022-12-31 | $-504,436 |
Total of all expenses incurred | 2022-12-31 | $526,935 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $492,937 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $1,042,475 |
Value of total assets at end of year | 2022-12-31 | $8,096,908 |
Value of total assets at beginning of year | 2022-12-31 | $9,128,279 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $33,998 |
Total interest from all sources | 2022-12-31 | $31,017 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-12-31 | No |
Was this plan covered by a fidelity bond | 2022-12-31 | Yes |
Value of fidelity bond cover | 2022-12-31 | $500,000 |
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 | $289,851 |
Participant contributions at end of year | 2022-12-31 | $430,365 |
Participant contributions at beginning of year | 2022-12-31 | $389,987 |
Income. Received or receivable in cash from other sources (including rollovers) | 2022-12-31 | $28,084 |
Other income not declared elsewhere | 2022-12-31 | $-35 |
Total non interest bearing cash at end of year | 2022-12-31 | $101,900 |
Total non interest bearing cash at beginning of year | 2022-12-31 | $56,745 |
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 | $-1,031,371 |
Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $8,096,908 |
Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $9,128,279 |
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 pooled separate accounts at end of year | 2022-12-31 | $7,546,613 |
Value of interest in pooled separate accounts at beginning of year | 2022-12-31 | $8,662,213 |
Interest on participant loans | 2022-12-31 | $19,447 |
Income. Interest from loans (other than to participants) | 2022-12-31 | $0 |
Interest earned on other investments | 2022-12-31 | $11,552 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2022-12-31 | $18 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2022-12-31 | $17,993 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2022-12-31 | $18,021 |
Net investment gain/loss from pooled separate accounts | 2022-12-31 | $-1,577,893 |
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 | $724,540 |
Employer contributions (assets) at end of year | 2022-12-31 | $37 |
Employer contributions (assets) at beginning of year | 2022-12-31 | $1,313 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $492,937 |
Contract administrator fees | 2022-12-31 | $33,998 |
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 | STEWART, MARTIN, DUDLEY & WEBB, PC |
Accountancy firm EIN | 2022-12-31 | 752290093 |
2021 : EDUCATION CREDIT UNION 401(K) PLAN 2021 401k financial data |
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Total income from all sources (including contributions) | 2021-12-31 | $1,994,655 |
Total of all expenses incurred | 2021-12-31 | $183,282 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-12-31 | $148,565 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-12-31 | $942,955 |
Value of total assets at end of year | 2021-12-31 | $9,128,280 |
Value of total assets at beginning of year | 2021-12-31 | $7,316,907 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-12-31 | $34,717 |
Total interest from all sources | 2021-12-31 | $28,164 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2021-12-31 | No |
Was this plan covered by a fidelity bond | 2021-12-31 | Yes |
Value of fidelity bond cover | 2021-12-31 | $500,000 |
If this is an individual account plan, was there a blackout period | 2021-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2021-12-31 | No |
Contributions received from participants | 2021-12-31 | $269,076 |
Participant contributions at end of year | 2021-12-31 | $389,987 |
Participant contributions at beginning of year | 2021-12-31 | $306,329 |
Income. Received or receivable in cash from other sources (including rollovers) | 2021-12-31 | $248 |
Other income not declared elsewhere | 2021-12-31 | $-42 |
Total non interest bearing cash at end of year | 2021-12-31 | $56,745 |
Total non interest bearing cash at beginning of year | 2021-12-31 | $33,823 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-12-31 | No |
Value of net income/loss | 2021-12-31 | $1,811,373 |
Value of net assets at end of year (total assets less liabilities) | 2021-12-31 | $9,128,280 |
Value of net assets at beginning of year (total assets less liabilities) | 2021-12-31 | $7,316,907 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2021-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2021-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2021-12-31 | No |
Value of interest in pooled separate accounts at end of year | 2021-12-31 | $8,662,213 |
Value of interest in pooled separate accounts at beginning of year | 2021-12-31 | $6,956,494 |
Interest on participant loans | 2021-12-31 | $16,125 |
Interest earned on other investments | 2021-12-31 | $12,019 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2021-12-31 | $20 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2021-12-31 | $18,021 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2021-12-31 | $20,261 |
Net investment gain/loss from pooled separate accounts | 2021-12-31 | $1,023,578 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2021-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2021-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2021-12-31 | No |
Contributions received in cash from employer | 2021-12-31 | $673,631 |
Employer contributions (assets) at end of year | 2021-12-31 | $1,314 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-12-31 | $148,565 |
Contract administrator fees | 2021-12-31 | $34,717 |
Did the plan have assets held for investment | 2021-12-31 | 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 | 2021-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2021-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2021-12-31 | Unqualified |
Accountancy firm name | 2021-12-31 | STEWART, MARTIN, DUDLEY & WEBB, PC |
Accountancy firm EIN | 2021-12-31 | 752290093 |
2020 : EDUCATION CREDIT UNION 401(K) PLAN 2020 401k financial data |
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Total income from all sources (including contributions) | 2020-12-31 | $2,168,731 |
Total of all expenses incurred | 2020-12-31 | $1,179,574 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2020-12-31 | $1,152,936 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2020-12-31 | $1,063,341 |
Value of total assets at end of year | 2020-12-31 | $7,316,907 |
Value of total assets at beginning of year | 2020-12-31 | $6,327,750 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2020-12-31 | $26,638 |
Total interest from all sources | 2020-12-31 | $25,254 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2020-12-31 | No |
Was this plan covered by a fidelity bond | 2020-12-31 | Yes |
Value of fidelity bond cover | 2020-12-31 | $500,000 |
If this is an individual account plan, was there a blackout period | 2020-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2020-12-31 | No |
Contributions received from participants | 2020-12-31 | $233,197 |
Participant contributions at end of year | 2020-12-31 | $306,329 |
Participant contributions at beginning of year | 2020-12-31 | $270,050 |
Income. Received or receivable in cash from other sources (including rollovers) | 2020-12-31 | $218,379 |
Other income not declared elsewhere | 2020-12-31 | $1,405 |
Total non interest bearing cash at end of year | 2020-12-31 | $33,823 |
Total non interest bearing cash at beginning of year | 2020-12-31 | $27,353 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-12-31 | No |
Value of net income/loss | 2020-12-31 | $989,157 |
Value of net assets at end of year (total assets less liabilities) | 2020-12-31 | $7,316,907 |
Value of net assets at beginning of year (total assets less liabilities) | 2020-12-31 | $6,327,750 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2020-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2020-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2020-12-31 | No |
Value of interest in pooled separate accounts at end of year | 2020-12-31 | $6,956,494 |
Value of interest in pooled separate accounts at beginning of year | 2020-12-31 | $6,008,896 |
Interest on participant loans | 2020-12-31 | $15,940 |
Income. Interest from loans (other than to participants) | 2020-12-31 | $0 |
Interest earned on other investments | 2020-12-31 | $9,314 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2020-12-31 | $20,261 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2020-12-31 | $20,108 |
Net investment gain/loss from pooled separate accounts | 2020-12-31 | $1,078,731 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2020-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2020-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2020-12-31 | No |
Contributions received in cash from employer | 2020-12-31 | $611,765 |
Employer contributions (assets) at beginning of year | 2020-12-31 | $1,343 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2020-12-31 | $1,152,936 |
Contract administrator fees | 2020-12-31 | $26,638 |
Did the plan have assets held for investment | 2020-12-31 | 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 | 2020-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2020-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2020-12-31 | Disclaimer |
Accountancy firm name | 2020-12-31 | STEWART, MARTIN, DUDLEY & WEBB, PC |
Accountancy firm EIN | 2020-12-31 | 752290093 |
2019 : EDUCATION CREDIT UNION 401(K) PLAN 2019 401k financial data |
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Total income from all sources (including contributions) | 2019-12-31 | $1,806,158 |
Total of all expenses incurred | 2019-12-31 | $300,627 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2019-12-31 | $276,723 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2019-12-31 | $757,225 |
Value of total assets at end of year | 2019-12-31 | $6,327,750 |
Value of total assets at beginning of year | 2019-12-31 | $4,822,219 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2019-12-31 | $23,904 |
Total interest from all sources | 2019-12-31 | $22,022 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2019-12-31 | No |
Was this plan covered by a fidelity bond | 2019-12-31 | Yes |
Value of fidelity bond cover | 2019-12-31 | $500,000 |
If this is an individual account plan, was there a blackout period | 2019-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2019-12-31 | No |
Contributions received from participants | 2019-12-31 | $219,933 |
Participant contributions at end of year | 2019-12-31 | $270,050 |
Participant contributions at beginning of year | 2019-12-31 | $277,186 |
Income. Received or receivable in cash from other sources (including rollovers) | 2019-12-31 | $10,219 |
Other income not declared elsewhere | 2019-12-31 | $-43 |
Total non interest bearing cash at end of year | 2019-12-31 | $27,353 |
Total non interest bearing cash at beginning of year | 2019-12-31 | $32,789 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2019-12-31 | No |
Value of net income/loss | 2019-12-31 | $1,505,531 |
Value of net assets at end of year (total assets less liabilities) | 2019-12-31 | $6,327,750 |
Value of net assets at beginning of year (total assets less liabilities) | 2019-12-31 | $4,822,219 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2019-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2019-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2019-12-31 | No |
Value of interest in pooled separate accounts at end of year | 2019-12-31 | $6,008,896 |
Value of interest in pooled separate accounts at beginning of year | 2019-12-31 | $4,486,743 |
Interest on participant loans | 2019-12-31 | $13,619 |
Income. Interest from loans (other than to participants) | 2019-12-31 | $0 |
Interest earned on other investments | 2019-12-31 | $8,403 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2019-12-31 | $20,108 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2019-12-31 | $19,966 |
Net investment gain/loss from pooled separate accounts | 2019-12-31 | $1,026,954 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2019-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2019-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2019-12-31 | No |
Contributions received in cash from employer | 2019-12-31 | $527,073 |
Employer contributions (assets) at end of year | 2019-12-31 | $1,343 |
Employer contributions (assets) at beginning of year | 2019-12-31 | $5,535 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2019-12-31 | $276,723 |
Contract administrator fees | 2019-12-31 | $23,904 |
Did the plan have assets held for investment | 2019-12-31 | 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 | 2019-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2019-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2019-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2019-12-31 | Disclaimer |
Accountancy firm name | 2019-12-31 | STEWART, MARTIN, DUDLEY & WEBB, PC |
Accountancy firm EIN | 2019-12-31 | 752290093 |
2018 : EDUCATION CREDIT UNION 401(K) PLAN 2018 401k financial data |
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Total income from all sources (including contributions) | 2018-12-31 | $403,934 |
Total of all expenses incurred | 2018-12-31 | $181,028 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2018-12-31 | $160,746 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2018-12-31 | $764,464 |
Value of total assets at end of year | 2018-12-31 | $4,822,219 |
Value of total assets at beginning of year | 2018-12-31 | $4,599,313 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2018-12-31 | $20,282 |
Total interest from all sources | 2018-12-31 | $21,165 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2018-12-31 | No |
Was this plan covered by a fidelity bond | 2018-12-31 | Yes |
Value of fidelity bond cover | 2018-12-31 | $6,000,000 |
If this is an individual account plan, was there a blackout period | 2018-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2018-12-31 | No |
Contributions received from participants | 2018-12-31 | $223,995 |
Participant contributions at end of year | 2018-12-31 | $277,186 |
Participant contributions at beginning of year | 2018-12-31 | $253,791 |
Income. Received or receivable in cash from other sources (including rollovers) | 2018-12-31 | $20,077 |
Other income not declared elsewhere | 2018-12-31 | $-28 |
Total non interest bearing cash at end of year | 2018-12-31 | $32,789 |
Total non interest bearing cash at beginning of year | 2018-12-31 | $75,385 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2018-12-31 | No |
Value of net income/loss | 2018-12-31 | $222,906 |
Value of net assets at end of year (total assets less liabilities) | 2018-12-31 | $4,822,219 |
Value of net assets at beginning of year (total assets less liabilities) | 2018-12-31 | $4,599,313 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2018-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2018-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2018-12-31 | No |
Value of interest in pooled separate accounts at end of year | 2018-12-31 | $4,486,743 |
Value of interest in pooled separate accounts at beginning of year | 2018-12-31 | $4,238,156 |
Interest on participant loans | 2018-12-31 | $14,058 |
Interest earned on other investments | 2018-12-31 | $6,873 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2018-12-31 | $234 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2018-12-31 | $19,966 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2018-12-31 | $28,881 |
Net investment gain/loss from pooled separate accounts | 2018-12-31 | $-381,667 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2018-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2018-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2018-12-31 | No |
Contributions received in cash from employer | 2018-12-31 | $520,392 |
Employer contributions (assets) at end of year | 2018-12-31 | $5,535 |
Employer contributions (assets) at beginning of year | 2018-12-31 | $3,100 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2018-12-31 | $160,746 |
Contract administrator fees | 2018-12-31 | $20,282 |
Did the plan have assets held for investment | 2018-12-31 | 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 | 2018-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2018-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2018-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2018-12-31 | Disclaimer |
Accountancy firm name | 2018-12-31 | STEWART, MARTIN, DUDLEY & WEBB, PC |
Accountancy firm EIN | 2018-12-31 | 752290093 |
2017 : EDUCATION CREDIT UNION 401(K) PLAN 2017 401k financial data |
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Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2017-12-31 | $4,015 |
Total income from all sources (including contributions) | 2017-12-31 | $1,304,657 |
Total of all expenses incurred | 2017-12-31 | $447,771 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2017-12-31 | $430,359 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2017-12-31 | $656,135 |
Value of total assets at end of year | 2017-12-31 | $4,599,313 |
Value of total assets at beginning of year | 2017-12-31 | $3,746,442 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2017-12-31 | $17,412 |
Total interest from all sources | 2017-12-31 | $17,062 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2017-12-31 | No |
Administrative expenses professional fees incurred | 2017-12-31 | $0 |
Was this plan covered by a fidelity bond | 2017-12-31 | Yes |
Value of fidelity bond cover | 2017-12-31 | $6,000,000 |
If this is an individual account plan, was there a blackout period | 2017-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2017-12-31 | No |
Contributions received from participants | 2017-12-31 | $163,078 |
Participant contributions at end of year | 2017-12-31 | $253,791 |
Participant contributions at beginning of year | 2017-12-31 | $191,268 |
Income. Received or receivable in cash from other sources (including rollovers) | 2017-12-31 | $34,268 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2017-12-31 | $4,015 |
Other income not declared elsewhere | 2017-12-31 | $2,456 |
Total non interest bearing cash at end of year | 2017-12-31 | $75,385 |
Total non interest bearing cash at beginning of year | 2017-12-31 | $35,367 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2017-12-31 | No |
Value of net income/loss | 2017-12-31 | $856,886 |
Value of net assets at end of year (total assets less liabilities) | 2017-12-31 | $4,599,313 |
Value of net assets at beginning of year (total assets less liabilities) | 2017-12-31 | $3,742,427 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2017-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2017-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2017-12-31 | No |
Value of interest in pooled separate accounts at end of year | 2017-12-31 | $4,238,156 |
Value of interest in pooled separate accounts at beginning of year | 2017-12-31 | $3,487,572 |
Interest on participant loans | 2017-12-31 | $11,100 |
Interest earned on other investments | 2017-12-31 | $5,856 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2017-12-31 | $106 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2017-12-31 | $28,881 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2017-12-31 | $32,235 |
Net investment gain/loss from pooled separate accounts | 2017-12-31 | $629,004 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2017-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2017-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2017-12-31 | No |
Contributions received in cash from employer | 2017-12-31 | $458,789 |
Employer contributions (assets) at end of year | 2017-12-31 | $3,100 |
Employer contributions (assets) at beginning of year | 2017-12-31 | $0 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2017-12-31 | $430,359 |
Contract administrator fees | 2017-12-31 | $17,412 |
Did the plan have assets held for investment | 2017-12-31 | 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 | 2017-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2017-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2017-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2017-12-31 | Disclaimer |
Accountancy firm name | 2017-12-31 | STEWART, MARTIN, DUDLEY & WEBB, PC |
Accountancy firm EIN | 2017-12-31 | 752290093 |
2016 : EDUCATION CREDIT UNION 401(K) PLAN 2016 401k financial data |
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Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2016-12-31 | $4,015 |
Total income from all sources (including contributions) | 2016-12-31 | $823,932 |
Total of all expenses incurred | 2016-12-31 | $360,541 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2016-12-31 | $345,645 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2016-12-31 | $597,137 |
Value of total assets at end of year | 2016-12-31 | $3,746,241 |
Value of total assets at beginning of year | 2016-12-31 | $3,278,835 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2016-12-31 | $14,896 |
Total interest from all sources | 2016-12-31 | $12,679 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2016-12-31 | No |
Was this plan covered by a fidelity bond | 2016-12-31 | Yes |
Value of fidelity bond cover | 2016-12-31 | $6,000,000 |
If this is an individual account plan, was there a blackout period | 2016-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2016-12-31 | No |
Contributions received from participants | 2016-12-31 | $153,025 |
Participant contributions at end of year | 2016-12-31 | $191,268 |
Participant contributions at beginning of year | 2016-12-31 | $168,046 |
Participant contributions at beginning of year | 2016-12-31 | $6,510 |
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2016-12-31 | $4,015 |
Other income not declared elsewhere | 2016-12-31 | $4,390 |
Total non interest bearing cash at end of year | 2016-12-31 | $35,367 |
Total non interest bearing cash at beginning of year | 2016-12-31 | $2,162 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2016-12-31 | No |
Value of net income/loss | 2016-12-31 | $463,391 |
Value of net assets at end of year (total assets less liabilities) | 2016-12-31 | $3,742,226 |
Value of net assets at beginning of year (total assets less liabilities) | 2016-12-31 | $3,278,835 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2016-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2016-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2016-12-31 | No |
Investment advisory and management fees | 2016-12-31 | $14,896 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2016-12-31 | $0 |
Value of interest in pooled separate accounts at end of year | 2016-12-31 | $3,487,572 |
Value of interest in pooled separate accounts at beginning of year | 2016-12-31 | $3,037,699 |
Interest on participant loans | 2016-12-31 | $8,012 |
Interest earned on other investments | 2016-12-31 | $4,524 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2016-12-31 | $143 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2016-12-31 | $32,034 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2016-12-31 | $48,488 |
Net investment gain/loss from pooled separate accounts | 2016-12-31 | $209,726 |
Net investment gain or loss from common/collective trusts | 2016-12-31 | $0 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2016-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2016-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2016-12-31 | No |
Contributions received in cash from employer | 2016-12-31 | $444,112 |
Employer contributions (assets) at beginning of year | 2016-12-31 | $15,930 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2016-12-31 | $345,645 |
Did the plan have assets held for investment | 2016-12-31 | 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 | 2016-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2016-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2016-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2016-12-31 | Disclaimer |
Accountancy firm name | 2016-12-31 | STEWART, MARTIN, DUDLEY & WEBB, PC |
Accountancy firm EIN | 2016-12-31 | 752290093 |
2015 : EDUCATION CREDIT UNION 401(K) PLAN 2015 401k financial data |
---|
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 | $514,286 |
Total of all expenses incurred | 2015-12-31 | $349,920 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2015-12-31 | $326,611 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2015-12-31 | $540,632 |
Value of total assets at end of year | 2015-12-31 | $3,278,835 |
Value of total assets at beginning of year | 2015-12-31 | $3,114,469 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2015-12-31 | $23,309 |
Total income from rents | 2015-12-31 | $0 |
Total interest from all sources | 2015-12-31 | $9,191 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2015-12-31 | No |
Was this plan covered by a fidelity bond | 2015-12-31 | Yes |
Value of fidelity bond cover | 2015-12-31 | $6,000,000 |
If this is an individual account plan, was there a blackout period | 2015-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2015-12-31 | No |
Contributions received from participants | 2015-12-31 | $143,924 |
Participant contributions at end of year | 2015-12-31 | $168,046 |
Participant contributions at beginning of year | 2015-12-31 | $212,184 |
Participant contributions at end of year | 2015-12-31 | $6,510 |
Income. Received or receivable in cash from other sources (including rollovers) | 2015-12-31 | $5,801 |
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 beginning of year | 2015-12-31 | $229 |
Other income not declared elsewhere | 2015-12-31 | $9,186 |
Administrative expenses (other) incurred | 2015-12-31 | $0 |
Total non interest bearing cash at end of year | 2015-12-31 | $2,162 |
Total non interest bearing cash at beginning of year | 2015-12-31 | $26,022 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2015-12-31 | No |
Value of net income/loss | 2015-12-31 | $164,366 |
Value of net assets at end of year (total assets less liabilities) | 2015-12-31 | $3,278,835 |
Value of net assets at beginning of year (total assets less liabilities) | 2015-12-31 | $3,114,469 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2015-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2015-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2015-12-31 | No |
Investment advisory and management fees | 2015-12-31 | $23,309 |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2015-12-31 | $0 |
Value of interest in pooled separate accounts at end of year | 2015-12-31 | $3,037,699 |
Value of interest in pooled separate accounts at beginning of year | 2015-12-31 | $2,876,034 |
Interest on participant loans | 2015-12-31 | $7,597 |
Interest earned on other investments | 2015-12-31 | $1,533 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2015-12-31 | $61 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2015-12-31 | $48,488 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2015-12-31 | $0 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2015-12-31 | $0 |
Net investment gain/loss from pooled separate accounts | 2015-12-31 | $-44,723 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2015-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2015-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2015-12-31 | No |
Contributions received in cash from employer | 2015-12-31 | $390,907 |
Employer contributions (assets) at end of year | 2015-12-31 | $15,930 |
Employer contributions (assets) at beginning of year | 2015-12-31 | $0 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2015-12-31 | $326,611 |
Contract administrator fees | 2015-12-31 | $0 |
Did the plan have assets held for investment | 2015-12-31 | 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 | 2015-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2015-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2015-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2015-12-31 | Disclaimer |
Accountancy firm name | 2015-12-31 | STEWART, MARTIN, DUDLEY & WEBB, PC |
Accountancy firm EIN | 2015-12-31 | 752290093 |
2014 : EDUCATION CREDIT UNION 401(K) PLAN 2014 401k financial data |
---|
Total unrealized appreciation/depreciation of assets | 2014-12-31 | $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 | $565,184 |
Total loss/gain on sale of assets | 2014-12-31 | $0 |
Total of all expenses incurred | 2014-12-31 | $563,591 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2014-12-31 | $535,255 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2014-12-31 | $424,003 |
Value of total assets at end of year | 2014-12-31 | $3,114,469 |
Value of total assets at beginning of year | 2014-12-31 | $3,112,876 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2014-12-31 | $28,336 |
Total interest from all sources | 2014-12-31 | $9,343 |
Total dividends received (eg from common stock, registered investment company shares) | 2014-12-31 | $0 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2014-12-31 | No |
Was this plan covered by a fidelity bond | 2014-12-31 | Yes |
Value of fidelity bond cover | 2014-12-31 | $6,000,000 |
If this is an individual account plan, was there a blackout period | 2014-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2014-12-31 | No |
Contributions received from participants | 2014-12-31 | $101,011 |
Participant contributions at end of year | 2014-12-31 | $212,184 |
Participant contributions at beginning of year | 2014-12-31 | $199,066 |
Income. Received or receivable in cash from other sources (including rollovers) | 2014-12-31 | $0 |
Administrative expenses (other) incurred | 2014-12-31 | $0 |
Total non interest bearing cash at end of year | 2014-12-31 | $26,022 |
Total non interest bearing cash at beginning of year | 2014-12-31 | $16,075 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2014-12-31 | No |
Value of net income/loss | 2014-12-31 | $1,593 |
Value of net assets at end of year (total assets less liabilities) | 2014-12-31 | $3,114,469 |
Value of net assets at beginning of year (total assets less liabilities) | 2014-12-31 | $3,112,876 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2014-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2014-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2014-12-31 | No |
Investment advisory and management fees | 2014-12-31 | $28,336 |
Value of interest in pooled separate accounts at end of year | 2014-12-31 | $2,875,981 |
Value of interest in pooled separate accounts at beginning of year | 2014-12-31 | $2,897,464 |
Interest on participant loans | 2014-12-31 | $8,619 |
Interest earned on other investments | 2014-12-31 | $724 |
Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2014-12-31 | $53 |
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2014-12-31 | $53 |
Net investment gain/loss from pooled separate accounts | 2014-12-31 | $131,838 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2014-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2014-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2014-12-31 | No |
Contributions received in cash from employer | 2014-12-31 | $322,992 |
Employer contributions (assets) at end of year | 2014-12-31 | $229 |
Employer contributions (assets) at beginning of year | 2014-12-31 | $218 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2014-12-31 | $535,255 |
Contract administrator fees | 2014-12-31 | $0 |
Did the plan have assets held for investment | 2014-12-31 | 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 | 2014-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2014-12-31 | No |