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FIRST FEDERAL CREDIT UNION 401(K) PLAN & TRUST 401k Plan overview

Plan NameFIRST FEDERAL CREDIT UNION 401(K) PLAN & TRUST
Plan identification number 002

FIRST FEDERAL CREDIT UNION 401(K) PLAN & TRUST 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.
  • Participant-directed brokerage accounts provided as an investment option under the plan.
  • 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

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

Company Name:FIRST FEDERAL CREDIT UNION
Employer identification number (EIN):420173225
NAIC Classification:522130
NAIC Description:Credit Unions

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FIRST FEDERAL CREDIT UNION 401(K) PLAN & TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01JOAN CUNNINGHAM2024-04-25
0022022-01-01JOAN CUNNINGHAM2023-05-24 JOAN CUNNINGHAM2023-05-24
0022021-01-01JOAN CUNNINGHAM2022-06-22 JOAN CUNNINGHAM2022-06-22
0022020-01-01JOAN CUNNINGHAM2021-05-26 JOAN CUNNINGHAM2021-05-26
0022018-01-01JOAN CUNNINGHAM2019-05-16
0022017-01-01JOAN CUNNINGHAM2018-06-13 JOAN CUNNINGHAM2018-06-13
0022016-01-01JOAN CUNNINGHAM2017-07-21 JOAN CUNNINGHAM2017-07-21
0022015-01-01JOAN CUNNINGHAM2016-07-19 JOAN CUNNINGHAM2016-07-19
0022014-01-01JOAN M CUNNINGHAM2015-07-22 JOAN M CUNNINGHAM2015-07-22
0022013-01-01JOAN CUNNINGHAM2014-05-01
0022012-01-01JOAN CUNNINGHAM2013-06-07
0022011-01-01JOAN CUNNINGHAM2012-06-28
0022010-01-01JOAN CUNNINGHAM2011-07-12

Plan Statistics for FIRST FEDERAL CREDIT UNION 401(K) PLAN & TRUST

401k plan membership statisitcs for FIRST FEDERAL CREDIT UNION 401(K) PLAN & TRUST

Measure Date Value
2025: FIRST FEDERAL CREDIT UNION 401(K) PLAN & TRUST 2025 401k membership
Total number of particpants at beginning of year2025-04-2248
Total number of particpants at end of year2025-04-2243
Number of Participants With Account Balances2025-04-2243
2024: FIRST FEDERAL CREDIT UNION 401(K) PLAN & TRUST 2024 401k membership
Total number of particpants at beginning of year2024-04-2549
Total number of particpants at end of year2024-04-2548
Number of Participants With Account Balances2024-04-2548

Financial Data on FIRST FEDERAL CREDIT UNION 401(K) PLAN & TRUST

Measure Date Value
2025 : FIRST FEDERAL CREDIT UNION 401(K) PLAN & TRUST 2025 401k financial data
Total liabilities as of the beginning of the plan year2025-04-220
Total expenses incurred by plan in this plan year2025-04-22630773
Net assets as of the end of the plan year2025-04-226155195
Total assets as of the beginning of the plan year2025-04-225581998
Value of plan covered by a fidelity bond2025-04-224500000
Participant contributions to plan in this plan year2025-04-22142352
Value of participant loans at end of plan year2025-04-229413
Other income to plan in this plan year2025-04-22898435
Plan net income in this plan year2025-04-22573197
Net assets as of the end of the plan year2025-04-226155195
Net assets as of the beginning of the plan year2025-04-225581998
Employer contributions to plan in this plan year2025-04-22163183
Expensese paid to adminstrative service provicers from plan in this plan year2025-04-225574
2024 : FIRST FEDERAL CREDIT UNION 401(K) PLAN & TRUST 2024 401k financial data
Total liabilities as of the beginning of the plan year2024-04-250
Total expenses incurred by plan in this plan year2024-04-25132502
Net assets as of the end of the plan year2024-04-255581998
Total assets as of the beginning of the plan year2024-04-254423215
Value of plan covered by a fidelity bond2024-04-254500000
Participant contributions to plan in this plan year2024-04-25176692
Value of participant loans at end of plan year2024-04-2510000
Other contributions to plan in this plan year2024-04-2560349
Other income to plan in this plan year2024-04-25873218
Plan net income in this plan year2024-04-251158783
Net assets as of the end of the plan year2024-04-255581998
Net assets as of the beginning of the plan year2024-04-254423215
Employer contributions to plan in this plan year2024-04-25181026
Expensese paid to adminstrative service provicers from plan in this plan year2024-04-255790

Potentially related plans

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