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BLUE FEDERAL CREDIT UNION EMPLOYEES EARNINGS SHARING PLAN 401k Plan overview

Plan NameBLUE FEDERAL CREDIT UNION EMPLOYEES EARNINGS SHARING PLAN
Plan identification number 002

BLUE FEDERAL CREDIT UNION EMPLOYEES EARNINGS SHARING 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

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

Company Name:BLUE FEDERAL CREDIT UNION
Employer identification number (EIN):830173508
NAIC Classification:522130
NAIC Description:Credit Unions

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BLUE FEDERAL CREDIT UNION EMPLOYEES EARNINGS SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01MELISSA HANES2023-10-03
0022021-01-01MELISSA HANES2022-10-08
0022020-01-01MELISSA HANES2021-10-03
0022019-01-01STACY MAATMAN2020-08-27
0022018-01-01STACY MAATMAN2019-09-18
0022017-01-01
0022016-01-01
0022016-01-01

Plan Statistics for BLUE FEDERAL CREDIT UNION EMPLOYEES EARNINGS SHARING PLAN

401k plan membership statisitcs for BLUE FEDERAL CREDIT UNION EMPLOYEES EARNINGS SHARING PLAN

Measure Date Value
2022: BLUE FEDERAL CREDIT UNION EMPLOYEES EARNINGS SHARING PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01436
Total number of active participants reported on line 7a of the Form 55002022-01-01347
Number of retired or separated participants receiving benefits2022-01-011
Number of other retired or separated participants entitled to future benefits2022-01-01151
Total of all active and inactive participants2022-01-01499
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-011
Total participants2022-01-01500
Number of participants with account balances2022-01-01490
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-0146
2021: BLUE FEDERAL CREDIT UNION EMPLOYEES EARNINGS SHARING PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01399
Total number of active participants reported on line 7a of the Form 55002021-01-01309
Number of retired or separated participants receiving benefits2021-01-011
Number of other retired or separated participants entitled to future benefits2021-01-01126
Total of all active and inactive participants2021-01-01436
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01436
Number of participants with account balances2021-01-01419
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-0136
2020: BLUE FEDERAL CREDIT UNION EMPLOYEES EARNINGS SHARING PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01352
Total number of active participants reported on line 7a of the Form 55002020-01-01287
Number of retired or separated participants receiving benefits2020-01-011
Number of other retired or separated participants entitled to future benefits2020-01-01112
Total of all active and inactive participants2020-01-01400
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01400
Number of participants with account balances2020-01-01389
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-0129
2019: BLUE FEDERAL CREDIT UNION EMPLOYEES EARNINGS SHARING PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01377
Total number of active participants reported on line 7a of the Form 55002019-01-01258
Number of retired or separated participants receiving benefits2019-01-011
Number of other retired or separated participants entitled to future benefits2019-01-0193
Total of all active and inactive participants2019-01-01352
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-01352
Number of participants with account balances2019-01-01344
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-0130
2018: BLUE FEDERAL CREDIT UNION EMPLOYEES EARNINGS SHARING PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01345
Total number of active participants reported on line 7a of the Form 55002018-01-01258
Number of retired or separated participants receiving benefits2018-01-011
Number of other retired or separated participants entitled to future benefits2018-01-01117
Total of all active and inactive participants2018-01-01376
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-011
Total participants2018-01-01377
Number of participants with account balances2018-01-01369
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-0142
2017: BLUE FEDERAL CREDIT UNION EMPLOYEES EARNINGS SHARING PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01313
Total number of active participants reported on line 7a of the Form 55002017-01-01261
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-0184
Total of all active and inactive participants2017-01-01345
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-01345
Number of participants with account balances2017-01-01338
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-0147

Financial Data on BLUE FEDERAL CREDIT UNION EMPLOYEES EARNINGS SHARING PLAN

Measure Date Value
2022 : BLUE FEDERAL CREDIT UNION EMPLOYEES EARNINGS SHARING 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$48,206
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$1,235,325
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$1,219,880
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$2,946,213
Value of total assets at end of year2022-12-31$18,436,015
Value of total assets at beginning of year2022-12-31$19,623,134
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$15,445
Total interest from all sources2022-12-31$123,374
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$8,000,000
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$1,268,125
Participant contributions at end of year2022-12-31$192,771
Participant contributions at beginning of year2022-12-31$228,585
Participant contributions at beginning of year2022-12-31$78,858
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$74,425
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-1,187,119
Value of net assets at end of year (total assets less liabilities)2022-12-31$18,436,015
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$19,623,134
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 pooled separate accounts at end of year2022-12-31$13,961,570
Value of interest in pooled separate accounts at beginning of year2022-12-31$15,398,163
Interest on participant loans2022-12-31$8,032
Interest earned on other investments2022-12-31$115,342
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-12-31$3,766,905
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-12-31$3,872,580
Net investment gain/loss from pooled separate accounts2022-12-31$-3,021,381
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 contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$1,603,663
Employer contributions (assets) at end of year2022-12-31$514,769
Employer contributions (assets) at beginning of year2022-12-31$44,948
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$1,219,880
Contract administrator fees2022-12-31$15,445
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 name2022-12-31CLIFTONLARSONALLEN LLP
Accountancy firm EIN2022-12-31410746749
2021 : BLUE FEDERAL CREDIT UNION EMPLOYEES EARNINGS SHARING 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$4,442,634
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$2,167,963
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$2,155,748
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$2,292,647
Value of total assets at end of year2021-12-31$19,623,134
Value of total assets at beginning of year2021-12-31$17,348,463
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$12,215
Total interest from all sources2021-12-31$125,615
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$8,000,000
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$1,141,354
Participant contributions at end of year2021-12-31$228,585
Participant contributions at beginning of year2021-12-31$190,272
Participant contributions at end of year2021-12-31$78,858
Participant contributions at beginning of year2021-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$178,268
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$2,274,671
Value of net assets at end of year (total assets less liabilities)2021-12-31$19,623,134
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$17,348,463
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 pooled separate accounts at end of year2021-12-31$15,398,163
Value of interest in pooled separate accounts at beginning of year2021-12-31$13,082,208
Interest on participant loans2021-12-31$6,465
Interest earned on other investments2021-12-31$119,150
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2021-12-31$3,872,580
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2021-12-31$4,075,983
Net investment gain/loss from pooled separate accounts2021-12-31$2,024,372
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$973,025
Employer contributions (assets) at end of year2021-12-31$44,948
Employer contributions (assets) at beginning of year2021-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$2,155,748
Contract administrator fees2021-12-31$12,215
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 name2021-12-31CLIFTONLARSONALLEN LLP
Accountancy firm EIN2021-12-31410746749
2020 : BLUE FEDERAL CREDIT UNION EMPLOYEES EARNINGS SHARING PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-12-31$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$4,819,881
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$932,874
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$922,641
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$2,235,078
Value of total assets at end of year2020-12-31$17,348,463
Value of total assets at beginning of year2020-12-31$13,461,456
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$10,233
Total interest from all sources2020-12-31$104,692
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$8,000,000
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
Contributions received from participants2020-12-31$1,148,002
Participant contributions at end of year2020-12-31$190,272
Participant contributions at beginning of year2020-12-31$178,535
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$181,115
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$3,887,007
Value of net assets at end of year (total assets less liabilities)2020-12-31$17,348,463
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$13,461,456
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
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Value of interest in pooled separate accounts at end of year2020-12-31$13,082,208
Value of interest in pooled separate accounts at beginning of year2020-12-31$10,567,491
Interest on participant loans2020-12-31$9,293
Interest earned on other investments2020-12-31$95,399
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2020-12-31$4,075,983
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2020-12-31$2,715,430
Net investment gain/loss from pooled separate accounts2020-12-31$2,480,111
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$905,961
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$922,641
Contract administrator fees2020-12-31$10,233
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
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31CLIFTONLARSONALLEN LLP
Accountancy firm EIN2020-12-31410746749
2019 : BLUE FEDERAL CREDIT UNION EMPLOYEES EARNINGS SHARING PLAN 2019 401k financial data
Total unrealized appreciation/depreciation of assets2019-12-31$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$4,250,596
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$2,025,534
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$2,010,804
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$1,979,512
Value of total assets at end of year2019-12-31$13,461,456
Value of total assets at beginning of year2019-12-31$11,236,394
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$14,730
Total interest from all sources2019-12-31$113,829
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$8,000,000
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
Contributions received from participants2019-12-31$931,756
Participant contributions at end of year2019-12-31$178,535
Participant contributions at beginning of year2019-12-31$190,493
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$249,423
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$2,225,062
Value of net assets at end of year (total assets less liabilities)2019-12-31$13,461,456
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$11,236,394
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
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Value of interest in pooled separate accounts at end of year2019-12-31$10,567,491
Value of interest in pooled separate accounts at beginning of year2019-12-31$7,326,017
Interest on participant loans2019-12-31$8,534
Interest earned on other investments2019-12-31$105,295
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2019-12-31$2,715,430
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2019-12-31$3,719,884
Net investment gain/loss from pooled separate accounts2019-12-31$2,157,255
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$798,333
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$2,010,804
Contract administrator fees2019-12-31$14,730
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
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 name2019-12-31CLIFTONLARSONALLEN LLP
Accountancy firm EIN2019-12-31410746749
2018 : BLUE FEDERAL CREDIT UNION EMPLOYEES EARNINGS SHARING PLAN 2018 401k financial data
Total unrealized appreciation/depreciation of assets2018-12-31$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$1,160,736
Total loss/gain on sale of assets2018-12-31$0
Total of all expenses incurred2018-12-31$743,238
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$730,930
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$1,562,689
Value of total assets at end of year2018-12-31$11,236,394
Value of total assets at beginning of year2018-12-31$10,818,896
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$12,308
Total interest from all sources2018-12-31$110,666
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$8,000,000
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
Contributions received from participants2018-12-31$745,534
Participant contributions at end of year2018-12-31$190,493
Participant contributions at beginning of year2018-12-31$129,134
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$69,141
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$417,498
Value of net assets at end of year (total assets less liabilities)2018-12-31$11,236,394
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$10,818,896
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
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Value of interest in pooled separate accounts at end of year2018-12-31$7,326,017
Value of interest in pooled separate accounts at beginning of year2018-12-31$7,677,882
Interest on participant loans2018-12-31$6,963
Interest earned on other investments2018-12-31$103,703
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2018-12-31$3,719,884
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2018-12-31$3,011,880
Net investment gain/loss from pooled separate accounts2018-12-31$-512,619
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$748,014
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$730,930
Contract administrator fees2018-12-31$12,308
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
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 name2018-12-31CLIFTONLARSONALLENLLP
Accountancy firm EIN2018-12-31410746749
2017 : BLUE FEDERAL CREDIT UNION EMPLOYEES EARNINGS SHARING PLAN 2017 401k financial data
Total unrealized appreciation/depreciation of assets2017-12-31$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$2,907,450
Total loss/gain on sale of assets2017-12-31$0
Total of all expenses incurred2017-12-31$463,361
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$454,880
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$1,448,286
Value of total assets at end of year2017-12-31$10,818,896
Value of total assets at beginning of year2017-12-31$8,374,807
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$8,481
Total interest from all sources2017-12-31$95,467
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$8,000,000
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
Contributions received from participants2017-12-31$736,862
Participant contributions at end of year2017-12-31$129,134
Participant contributions at beginning of year2017-12-31$71,754
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$43,827
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$2,444,089
Value of net assets at end of year (total assets less liabilities)2017-12-31$10,818,896
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$8,374,807
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
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Value of interest in pooled separate accounts at end of year2017-12-31$7,677,882
Value of interest in pooled separate accounts at beginning of year2017-12-31$5,662,616
Interest on participant loans2017-12-31$4,236
Interest earned on other investments2017-12-31$91,231
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2017-12-31$3,011,880
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2017-12-31$2,640,437
Net investment gain/loss from pooled separate accounts2017-12-31$1,363,697
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 contributions2017-12-31Yes
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$667,597
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$454,880
Contract administrator fees2017-12-31$8,481
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
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 name2017-12-31CLIFTON LARSON ALLEN LLP
Accountancy firm EIN2017-12-31410746749

Form 5500 Responses for BLUE FEDERAL CREDIT UNION EMPLOYEES EARNINGS SHARING PLAN

2022: BLUE FEDERAL CREDIT UNION EMPLOYEES EARNINGS SHARING PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
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: BLUE FEDERAL CREDIT UNION EMPLOYEES EARNINGS SHARING PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
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: BLUE FEDERAL CREDIT UNION EMPLOYEES EARNINGS SHARING PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – InsuranceYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement – InsuranceYes
2020-01-01Plan benefit arrangement - TrustYes
2019: BLUE FEDERAL CREDIT UNION EMPLOYEES EARNINGS SHARING PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – InsuranceYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement – InsuranceYes
2019-01-01Plan benefit arrangement - TrustYes
2018: BLUE FEDERAL CREDIT UNION EMPLOYEES EARNINGS SHARING PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
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: BLUE FEDERAL CREDIT UNION EMPLOYEES EARNINGS SHARING PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
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

Insurance Providers Used on plan

STANDARD INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 69019 )
Policy contract number502765
Policy instance 1
Insurance contract or identification number502765
Number of Individuals Covered500
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration1
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
STANDARD INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 69019 )
Policy contract number502765
Policy instance 1
Insurance contract or identification number502765
Number of Individuals Covered436
Insurance policy start date2021-01-01
Insurance policy end date2021-12-31
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration1
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
STANDARD INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 69019 )
Policy contract number502765
Policy instance 1
Insurance contract or identification number502765
Number of Individuals Covered400
Insurance policy start date2020-01-01
Insurance policy end date2020-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration1
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
STANDARD INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 69019 )
Policy contract number502765
Policy instance 1
Insurance contract or identification number502765
Number of Individuals Covered352
Insurance policy start date2019-01-01
Insurance policy end date2019-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration1
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
STANDARD INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 69019 )
Policy contract number502765
Policy instance 1
Insurance contract or identification number502765
Number of Individuals Covered377
Insurance policy start date2018-01-01
Insurance policy end date2018-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration1
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
STANDARD INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 69019 )
Policy contract number502765
Policy instance 1
Insurance contract or identification number502765
Number of Individuals Covered345
Insurance policy start date2017-01-01
Insurance policy end date2017-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration1
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

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