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THE HEALTH & EDUCATION FEDERAL CREDIT UNION DEFINED BENEFIT PLAN AND TRUST 401k Plan overview

Plan NameTHE HEALTH & EDUCATION FEDERAL CREDIT UNION DEFINED BENEFIT PLAN AND TRUST
Plan identification number 001

THE HEALTH & EDUCATION FEDERAL CREDIT UNION DEFINED BENEFIT PLAN AND TRUST Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • 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

THE HEALTH & EDUCATION FEDERAL CREDIT UNION has sponsored the creation of one or more 401k plans.

Company Name:THE HEALTH & EDUCATION FEDERAL CREDIT UNION
Employer identification number (EIN):610566360
NAIC Classification:522130
NAIC Description:Credit Unions

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE HEALTH & EDUCATION FEDERAL CREDIT UNION DEFINED BENEFIT PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-06-01PAM HENSON2023-12-27
0012021-06-01PAM HENSON2022-10-05
0012020-06-01PAM HENSON2021-12-02
0012019-06-01PAM HENSON2020-10-30
0012018-06-01PAM HENSON2020-01-31
0012017-06-01PAM HENSON2018-12-05
0012016-06-01PAM HENSON2018-01-09
0012015-06-01PAM HENSON2016-11-10
0012014-06-01PAM HENSON2015-12-18
0012013-06-01PAM HENSON2014-09-04
0012012-06-01PAM HENSON2013-10-17
0012011-06-01PAM HENSON2012-11-02
0012010-06-01PAM HENSON2011-11-18

Plan Statistics for THE HEALTH & EDUCATION FEDERAL CREDIT UNION DEFINED BENEFIT PLAN AND TRUST

401k plan membership statisitcs for THE HEALTH & EDUCATION FEDERAL CREDIT UNION DEFINED BENEFIT PLAN AND TRUST

Measure Date Value
2023: THE HEALTH & EDUCATION FEDERAL CREDIT UNION DEFINED BENEFIT PLAN AND TRUST 2023 401k membership
Market value of plan assets2023-05-315,463,417
Acturial value of plan assets2023-05-315,463,417
Funding target for retired participants and beneficiaries receiving payment2023-05-310
Number of terminated vested participants2023-05-314
Fundng target for terminated vested participants2023-05-31324,235
Active participant vested funding target2023-05-312,348,317
Number of active participants2023-05-3118
Total funding liabilities for active participants2023-05-312,349,820
Total participant count2023-05-3122
Total funding target for all participants2023-05-312,674,055
Balance at beginning of prior year after applicable adjustments2023-05-31159,570
Prefunding balance at beginning of prior year after applicable adjustments2023-05-310
Carryover balanced portion elected for use to offset prior years funding requirement2023-05-310
Prefunding balanced used to offset prior years funding requirement2023-05-310
Amount remaining of carryover balance2023-05-31159,570
Amount remaining of prefunding balance2023-05-310
Present value of excess contributions2023-05-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2023-05-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2023-05-310
Reductions in caryover balances due to elections or deemed elections2023-05-310
Reductions in prefunding balances due to elections or deemed elections2023-05-310
Balance of carryovers at beginning of current year2023-05-31157,942
Balance of prefunding at beginning of current year2023-05-310
Total employer contributions2023-05-310
Total employee contributions2023-05-310
Contributions allocated toward unpaid minimum require contributions from prior years2023-05-310
Contributions made to avoid restrictions adjusted to valuation date2023-05-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2023-05-310
Unpaid minimum required contributions for all prior years2023-05-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2023-05-310
Remaining amount of unpaid minimum required contributions2023-05-310
Minimum required contributions for current year target normal cost2023-05-3155,363
Net shortfall amortization installment of oustanding balance2023-05-310
Waiver amortization installment2023-05-310
Total funding amount beforereflecting carryover/prefunding balances2023-05-310
Carryover balance elected to use to offset funding requirement2023-05-310
Prefunding balance elected to use to offset funding requirement2023-05-310
Additional cash requirement2023-05-310
Contributions allocatedtoward minimum required contributions for current year2023-05-310
Unpaid minimum required contributions for current year2023-05-310
Unpaid minimum required contributions for all years2023-05-310
2022: THE HEALTH & EDUCATION FEDERAL CREDIT UNION DEFINED BENEFIT PLAN AND TRUST 2022 401k membership
Market value of plan assets2022-05-315,536,490
Acturial value of plan assets2022-05-315,536,490
Funding target for retired participants and beneficiaries receiving payment2022-05-310
Number of terminated vested participants2022-05-313
Fundng target for terminated vested participants2022-05-311,067
Active participant vested funding target2022-05-312,321,819
Number of active participants2022-05-3119
Total funding liabilities for active participants2022-05-312,335,522
Total participant count2022-05-3122
Total funding target for all participants2022-05-312,336,589
Balance at beginning of prior year after applicable adjustments2022-05-31150,226
Prefunding balance at beginning of prior year after applicable adjustments2022-05-310
Carryover balanced portion elected for use to offset prior years funding requirement2022-05-310
Prefunding balanced used to offset prior years funding requirement2022-05-310
Amount remaining of carryover balance2022-05-31150,226
Amount remaining of prefunding balance2022-05-310
Present value of excess contributions2022-05-311,851,676
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-05-311,945,186
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-05-310
Reductions in caryover balances due to elections or deemed elections2022-05-310
Reductions in prefunding balances due to elections or deemed elections2022-05-310
Balance of carryovers at beginning of current year2022-05-31159,570
Balance of prefunding at beginning of current year2022-05-310
Total employer contributions2022-05-310
Total employee contributions2022-05-310
Contributions allocated toward unpaid minimum require contributions from prior years2022-05-310
Contributions made to avoid restrictions adjusted to valuation date2022-05-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-05-310
Unpaid minimum required contributions for all prior years2022-05-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-05-310
Remaining amount of unpaid minimum required contributions2022-05-310
Minimum required contributions for current year target normal cost2022-05-3172,315
Net shortfall amortization installment of oustanding balance2022-05-310
Waiver amortization installment2022-05-310
Total funding amount beforereflecting carryover/prefunding balances2022-05-310
Carryover balance elected to use to offset funding requirement2022-05-310
Prefunding balance elected to use to offset funding requirement2022-05-310
Additional cash requirement2022-05-310
Contributions allocatedtoward minimum required contributions for current year2022-05-310
Unpaid minimum required contributions for current year2022-05-310
Unpaid minimum required contributions for all years2022-05-310
2021: THE HEALTH & EDUCATION FEDERAL CREDIT UNION DEFINED BENEFIT PLAN AND TRUST 2021 401k membership
Market value of plan assets2021-05-314,223,657
Acturial value of plan assets2021-05-314,223,657
Funding target for retired participants and beneficiaries receiving payment2021-05-310
Number of terminated vested participants2021-05-314
Fundng target for terminated vested participants2021-05-31235,659
Active participant vested funding target2021-05-312,599,029
Number of active participants2021-05-3120
Total funding liabilities for active participants2021-05-312,612,682
Total participant count2021-05-3124
Total funding target for all participants2021-05-312,848,341
Balance at beginning of prior year after applicable adjustments2021-05-31149,315
Prefunding balance at beginning of prior year after applicable adjustments2021-05-310
Carryover balanced portion elected for use to offset prior years funding requirement2021-05-310
Prefunding balanced used to offset prior years funding requirement2021-05-310
Amount remaining of carryover balance2021-05-31149,315
Amount remaining of prefunding balance2021-05-310
Present value of excess contributions2021-05-31461,488
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-05-31485,532
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-05-310
Reductions in caryover balances due to elections or deemed elections2021-05-310
Reductions in prefunding balances due to elections or deemed elections2021-05-310
Balance of carryovers at beginning of current year2021-05-31150,226
Balance of prefunding at beginning of current year2021-05-310
Total employer contributions2021-05-311,862,634
Total employee contributions2021-05-310
Contributions allocated toward unpaid minimum require contributions from prior years2021-05-310
Contributions made to avoid restrictions adjusted to valuation date2021-05-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-05-311,851,676
Unpaid minimum required contributions for all prior years2021-05-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-05-310
Remaining amount of unpaid minimum required contributions2021-05-310
Minimum required contributions for current year target normal cost2021-05-31122,340
Net shortfall amortization installment of oustanding balance2021-05-310
Waiver amortization installment2021-05-310
Total funding amount beforereflecting carryover/prefunding balances2021-05-310
Carryover balance elected to use to offset funding requirement2021-05-310
Prefunding balance elected to use to offset funding requirement2021-05-310
Additional cash requirement2021-05-310
Contributions allocatedtoward minimum required contributions for current year2021-05-311,851,676
Unpaid minimum required contributions for current year2021-05-310
Unpaid minimum required contributions for all years2021-05-310
2020: THE HEALTH & EDUCATION FEDERAL CREDIT UNION DEFINED BENEFIT PLAN AND TRUST 2020 401k membership
Market value of plan assets2020-05-313,958,072
Acturial value of plan assets2020-05-313,958,072
Funding target for retired participants and beneficiaries receiving payment2020-05-310
Number of terminated vested participants2020-05-313
Fundng target for terminated vested participants2020-05-31949
Active participant vested funding target2020-05-312,619,697
Number of active participants2020-05-3121
Total funding liabilities for active participants2020-05-312,631,904
Total participant count2020-05-3124
Total funding target for all participants2020-05-312,632,853
Balance at beginning of prior year after applicable adjustments2020-05-31149,764
Prefunding balance at beginning of prior year after applicable adjustments2020-05-310
Carryover balanced portion elected for use to offset prior years funding requirement2020-05-310
Prefunding balanced used to offset prior years funding requirement2020-05-310
Amount remaining of carryover balance2020-05-31149,764
Amount remaining of prefunding balance2020-05-310
Present value of excess contributions2020-05-31210,436
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-05-31221,652
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-05-310
Reductions in caryover balances due to elections or deemed elections2020-05-310
Reductions in prefunding balances due to elections or deemed elections2020-05-310
Balance of carryovers at beginning of current year2020-05-31149,315
Balance of prefunding at beginning of current year2020-05-310
Total employer contributions2020-05-31481,400
Total employee contributions2020-05-310
Contributions allocated toward unpaid minimum require contributions from prior years2020-05-310
Contributions made to avoid restrictions adjusted to valuation date2020-05-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-05-31461,488
Unpaid minimum required contributions for all prior years2020-05-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-05-310
Remaining amount of unpaid minimum required contributions2020-05-310
Minimum required contributions for current year target normal cost2020-05-31141,272
Net shortfall amortization installment of oustanding balance2020-05-310
Waiver amortization installment2020-05-310
Total funding amount beforereflecting carryover/prefunding balances2020-05-310
Carryover balance elected to use to offset funding requirement2020-05-310
Prefunding balance elected to use to offset funding requirement2020-05-310
Additional cash requirement2020-05-310
Contributions allocatedtoward minimum required contributions for current year2020-05-31461,488
Unpaid minimum required contributions for current year2020-05-310
Unpaid minimum required contributions for all years2020-05-310
2019: THE HEALTH & EDUCATION FEDERAL CREDIT UNION DEFINED BENEFIT PLAN AND TRUST 2019 401k membership
Market value of plan assets2019-05-313,753,010
Acturial value of plan assets2019-05-313,753,010
Funding target for retired participants and beneficiaries receiving payment2019-05-310
Number of terminated vested participants2019-05-312
Fundng target for terminated vested participants2019-05-31758
Active participant vested funding target2019-05-312,261,969
Number of active participants2019-05-3128
Total funding liabilities for active participants2019-05-312,271,062
Total participant count2019-05-3130
Total funding target for all participants2019-05-312,271,820
Balance at beginning of prior year after applicable adjustments2019-05-31144,323
Prefunding balance at beginning of prior year after applicable adjustments2019-05-310
Carryover balanced portion elected for use to offset prior years funding requirement2019-05-310
Prefunding balanced used to offset prior years funding requirement2019-05-310
Amount remaining of carryover balance2019-05-31144,323
Amount remaining of prefunding balance2019-05-310
Present value of excess contributions2019-05-31482,089
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-05-31508,315
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-05-310
Reductions in caryover balances due to elections or deemed elections2019-05-310
Reductions in prefunding balances due to elections or deemed elections2019-05-310
Balance of carryovers at beginning of current year2019-05-31149,764
Balance of prefunding at beginning of current year2019-05-310
Total employer contributions2019-05-31216,510
Total employee contributions2019-05-310
Contributions allocated toward unpaid minimum require contributions from prior years2019-05-310
Contributions made to avoid restrictions adjusted to valuation date2019-05-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-05-31210,436
Unpaid minimum required contributions for all prior years2019-05-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-05-310
Remaining amount of unpaid minimum required contributions2019-05-310
Minimum required contributions for current year target normal cost2019-05-31159,478
Net shortfall amortization installment of oustanding balance2019-05-310
Waiver amortization installment2019-05-310
Total funding amount beforereflecting carryover/prefunding balances2019-05-310
Carryover balance elected to use to offset funding requirement2019-05-310
Prefunding balance elected to use to offset funding requirement2019-05-310
Additional cash requirement2019-05-310
Contributions allocatedtoward minimum required contributions for current year2019-05-31210,436
Unpaid minimum required contributions for current year2019-05-310
Unpaid minimum required contributions for all years2019-05-310
2018: THE HEALTH & EDUCATION FEDERAL CREDIT UNION DEFINED BENEFIT PLAN AND TRUST 2018 401k membership
Market value of plan assets2018-05-313,448,786
Acturial value of plan assets2018-05-313,448,786
Funding target for retired participants and beneficiaries receiving payment2018-05-310
Number of terminated vested participants2018-05-311
Fundng target for terminated vested participants2018-05-31599
Active participant vested funding target2018-05-312,231,077
Number of active participants2018-05-3127
Total funding liabilities for active participants2018-05-312,235,082
Total participant count2018-05-3128
Total funding target for all participants2018-05-312,235,681
Balance at beginning of prior year after applicable adjustments2018-05-31139,916
Prefunding balance at beginning of prior year after applicable adjustments2018-05-310
Carryover balanced portion elected for use to offset prior years funding requirement2018-05-310
Prefunding balanced used to offset prior years funding requirement2018-05-310
Amount remaining of carryover balance2018-05-31139,916
Amount remaining of prefunding balance2018-05-310
Present value of excess contributions2018-05-31485,876
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-05-31513,522
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-05-310
Reductions in caryover balances due to elections or deemed elections2018-05-310
Reductions in prefunding balances due to elections or deemed elections2018-05-310
Balance of carryovers at beginning of current year2018-05-31144,323
Balance of prefunding at beginning of current year2018-05-310
Total employer contributions2018-05-31500,000
Total employee contributions2018-05-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-05-310
Contributions made to avoid restrictions adjusted to valuation date2018-05-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-05-31482,089
Unpaid minimum required contributions for all prior years2018-05-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-05-310
Remaining amount of unpaid minimum required contributions2018-05-310
Minimum required contributions for current year target normal cost2018-05-31139,549
Net shortfall amortization installment of oustanding balance2018-05-310
Waiver amortization installment2018-05-310
Total funding amount beforereflecting carryover/prefunding balances2018-05-310
Carryover balance elected to use to offset funding requirement2018-05-310
Prefunding balance elected to use to offset funding requirement2018-05-310
Additional cash requirement2018-05-310
Contributions allocatedtoward minimum required contributions for current year2018-05-31482,089
Unpaid minimum required contributions for current year2018-05-310
Unpaid minimum required contributions for all years2018-05-310
2017: THE HEALTH & EDUCATION FEDERAL CREDIT UNION DEFINED BENEFIT PLAN AND TRUST 2017 401k membership
Market value of plan assets2017-05-312,859,099
Acturial value of plan assets2017-05-312,859,099
Funding target for retired participants and beneficiaries receiving payment2017-05-310
Number of terminated vested participants2017-05-313
Fundng target for terminated vested participants2017-05-318,190
Active participant vested funding target2017-05-311,887,317
Number of active participants2017-05-3124
Total funding liabilities for active participants2017-05-311,887,805
Total participant count2017-05-3127
Total funding target for all participants2017-05-311,895,995
Balance at beginning of prior year after applicable adjustments2017-05-31153,366
Prefunding balance at beginning of prior year after applicable adjustments2017-05-310
Carryover balanced portion elected for use to offset prior years funding requirement2017-05-310
Prefunding balanced used to offset prior years funding requirement2017-05-310
Amount remaining of carryover balance2017-05-31153,366
Amount remaining of prefunding balance2017-05-310
Present value of excess contributions2017-05-31294,469
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-05-31312,225
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-05-310
Reductions in caryover balances due to elections or deemed elections2017-05-310
Reductions in prefunding balances due to elections or deemed elections2017-05-310
Balance of carryovers at beginning of current year2017-05-31139,916
Balance of prefunding at beginning of current year2017-05-310
Total employer contributions2017-05-31500,000
Total employee contributions2017-05-310
Contributions allocated toward unpaid minimum require contributions from prior years2017-05-310
Contributions made to avoid restrictions adjusted to valuation date2017-05-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-05-31485,876
Unpaid minimum required contributions for all prior years2017-05-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-05-310
Remaining amount of unpaid minimum required contributions2017-05-310
Minimum required contributions for current year target normal cost2017-05-31110,812
Net shortfall amortization installment of oustanding balance2017-05-310
Waiver amortization installment2017-05-310
Waived amount of outstanding balance2017-05-310
Total funding amount beforereflecting carryover/prefunding balances2017-05-310
Carryover balance elected to use to offset funding requirement2017-05-310
Prefunding balance elected to use to offset funding requirement2017-05-310
Additional cash requirement2017-05-310
Contributions allocatedtoward minimum required contributions for current year2017-05-31485,876
Unpaid minimum required contributions for current year2017-05-310
Unpaid minimum required contributions for all years2017-05-310

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