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WEST MICHIGAN POSTAL SERVICE FEDERAL CREDIT UNION MONEY PURCHASE PLAN AND TRUST 401k Plan overview

Plan NameWEST MICHIGAN POSTAL SERVICE FEDERAL CREDIT UNION MONEY PURCHASE PLAN AND TRUST
Plan identification number 001

WEST MICHIGAN POSTAL SERVICE FEDERAL CREDIT UNION MONEY PURCHASE PLAN AND TRUST Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Money purchase (other than target benefit)
  • Offset plan - Plan benefits are subject to offset for retirement benefits provided in another plan or arrangement of the employer.
  • 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 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

WEST MICHIGAN POSTAL SERVICE FEDERAL CREDIT UNION has sponsored the creation of one or more 401k plans.

Company Name:WEST MICHIGAN POSTAL SERVICE FEDERAL CREDIT UNION
Employer identification number (EIN):381502180
NAIC Classification:522130
NAIC Description:Credit Unions

Form 5500 Filing Information

Submission information for form 5500 for 401k plan WEST MICHIGAN POSTAL SERVICE FEDERAL CREDIT UNION MONEY PURCHASE PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01DAMIAN R STERNBERG2024-06-06
0012022-01-01MARGARET A UPSON2023-06-08
0012021-01-01MARGARET A UPSON2022-05-31
0012020-01-01MARGARET A UPSON2021-06-01
0012019-01-01MARGARET A UPSON2020-05-29
0012018-01-01TERRIE BIRD2019-05-17
0012017-01-01TERRIE BIRD2018-08-09
0012016-01-01TERRIE BIRD2017-05-31
0012015-01-01TERRIE BIRD2016-08-22
0012013-01-01TERRIE BIRD2014-08-15
0012012-01-01TERRIE BIRD2013-07-15
0012011-01-01TERRIE L BIRD2012-08-27 TERRIE L BIRD2012-08-27
0012010-01-01TERRIE L BIRD2011-07-27 TERRIE L BIRD2011-07-27

Plan Statistics for WEST MICHIGAN POSTAL SERVICE FEDERAL CREDIT UNION MONEY PURCHASE PLAN AND TRUST

401k plan membership statisitcs for WEST MICHIGAN POSTAL SERVICE FEDERAL CREDIT UNION MONEY PURCHASE PLAN AND TRUST

Measure Date Value
2025: WEST MICHIGAN POSTAL SERVICE FEDERAL CREDIT UNION MONEY PURCHASE PLAN AND TRUST 2025 401k membership
Total number of particpants at beginning of year2025-05-142
Total number of particpants at end of year2025-05-142
Number of Participants With Account Balances2025-05-142
2024: WEST MICHIGAN POSTAL SERVICE FEDERAL CREDIT UNION MONEY PURCHASE PLAN AND TRUST 2024 401k membership
Total number of particpants at beginning of year2024-06-062
Total number of particpants at end of year2024-06-062
Number of Participants With Account Balances2024-06-062
2022: WEST MICHIGAN POSTAL SERVICE FEDERAL CREDIT UNION MONEY PURCHASE PLAN AND TRUST 2022 401k membership
Total number of particpants at beginning of year2022-05-313
Total number of particpants at end of year2022-05-312
Number of Participants With Account Balances2022-05-312

Financial Data on WEST MICHIGAN POSTAL SERVICE FEDERAL CREDIT UNION MONEY PURCHASE PLAN AND TRUST

Measure Date Value
2025 : WEST MICHIGAN POSTAL SERVICE FEDERAL CREDIT UNION MONEY PURCHASE PLAN AND TRUST 2025 401k financial data
Total expenses incurred by plan in this plan year2025-05-140
Net assets as of the end of the plan year2025-05-14115165
Total assets as of the beginning of the plan year2025-05-14103383
Value of plan covered by a fidelity bond2025-05-14500000
Other income to plan in this plan year2025-05-141797
Plan net income in this plan year2025-05-1411782
Net assets as of the end of the plan year2025-05-14115165
Net assets as of the beginning of the plan year2025-05-14103383
Value of funding deficiency2025-05-140
Value of employer contributions paid2025-05-149985
Employer contributions to plan in this plan year2025-05-149985
2024 : WEST MICHIGAN POSTAL SERVICE FEDERAL CREDIT UNION MONEY PURCHASE PLAN AND TRUST 2024 401k financial data
Total expenses incurred by plan in this plan year2024-06-060
Net assets as of the end of the plan year2024-06-06103383
Total assets as of the beginning of the plan year2024-06-0692235
Value of plan covered by a fidelity bond2024-06-06500000
Other expenses paid from plan in this plan year2024-06-060
Other income to plan in this plan year2024-06-061578
Plan net income in this plan year2024-06-0611148
Net assets as of the end of the plan year2024-06-06103383
Net assets as of the beginning of the plan year2024-06-0692235
Value of funding deficiency2024-06-060
Value of employer contributions paid2024-06-069570
Employer contributions to plan in this plan year2024-06-069570
2022 : WEST MICHIGAN POSTAL SERVICE FEDERAL CREDIT UNION MONEY PURCHASE PLAN AND TRUST 2022 401k financial data
Total expenses incurred by plan in this plan year2022-05-31215724
Net assets as of the end of the plan year2022-05-3185898
Total assets as of the beginning of the plan year2022-05-31293452
Value of plan covered by a fidelity bond2022-05-31500000
Value of participant loans at end of plan year2022-05-314354
Other expenses paid from plan in this plan year2022-05-3150
Other income to plan in this plan year2022-05-312305
Plan net income in this plan year2022-05-31-207554
Net assets as of the end of the plan year2022-05-3185898
Net assets as of the beginning of the plan year2022-05-31293452
Value of funding deficiency2022-05-310
Value of employer contributions paid2022-05-316518
Employer contributions to plan in this plan year2022-05-315865

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