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FIRST CHOICE COMMUNITY CREDIT UNION 401(K) PLAN AND TRUST 401k Plan overview

Plan NameFIRST CHOICE COMMUNITY CREDIT UNION 401(K) PLAN AND TRUST
Plan identification number 002

FIRST CHOICE COMMUNITY CREDIT UNION 401(K) PLAN AND 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.
  • 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 CHOICE COMMUNITY CREDIT UNION has sponsored the creation of one or more 401k plans.

Company Name:FIRST CHOICE COMMUNITY CREDIT UNION
Employer identification number (EIN):620207975
NAIC Classification:522130
NAIC Description:Credit Unions

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FIRST CHOICE COMMUNITY CREDIT UNION 401(K) PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01CARISA K CHITWOOD2024-06-10
0022022-01-01CARISA K CHITWOOD2023-05-25
0022021-01-01CARISA K CHITWOOD2022-06-08
0022020-01-01CARISA K CHITWOOD2021-04-28
0022019-01-01CARISA CHITWOOD2020-06-22
0022018-01-01CARISA CHITWOOD2019-06-06
0022017-01-01CARISA CHITWOOD2018-05-18
0022016-01-01CARISA CHITWOOD2017-05-31
0022015-01-01JAMES M HAYES2016-07-25
0022014-01-01JAMES M HAYES2015-07-01
0022013-01-01JAMES M HAYES2014-08-15
0022012-01-01JAMES M HAYES2013-07-01
0022011-01-01JAMES HAYES2012-07-31
0022010-01-01WILLIAM LISLE2011-08-15

Financial Data on FIRST CHOICE COMMUNITY CREDIT UNION 401(K) PLAN AND TRUST

Measure Date Value
2025 : FIRST CHOICE COMMUNITY CREDIT UNION 401(K) PLAN AND TRUST 2025 401k financial data
Total expenses incurred by plan in this plan year2025-06-0214968
Net assets as of the end of the plan year2025-06-02823866
Total assets as of the beginning of the plan year2025-06-02732175
Value of plan covered by a fidelity bond2025-06-022500000
Participant contributions to plan in this plan year2025-06-025845
Other expenses paid from plan in this plan year2025-06-02250
Other income to plan in this plan year2025-06-0280479
Plan net income in this plan year2025-06-0291691
Net assets as of the end of the plan year2025-06-02823866
Net assets as of the beginning of the plan year2025-06-02732175
Employer contributions to plan in this plan year2025-06-0220335
2024 : FIRST CHOICE COMMUNITY CREDIT UNION 401(K) PLAN AND TRUST 2024 401k financial data
Total expenses incurred by plan in this plan year2024-06-1056639
Net assets as of the end of the plan year2024-06-10732175
Total assets as of the beginning of the plan year2024-06-10674512
Value of plan covered by a fidelity bond2024-06-102500000
Participant contributions to plan in this plan year2024-06-104960
Other expenses paid from plan in this plan year2024-06-10250
Other income to plan in this plan year2024-06-1087890
Plan net income in this plan year2024-06-1057663
Net assets as of the end of the plan year2024-06-10732175
Net assets as of the beginning of the plan year2024-06-10674512
Employer contributions to plan in this plan year2024-06-1021452
2022 : FIRST CHOICE COMMUNITY CREDIT UNION 401(K) PLAN AND TRUST 2022 401k financial data
Total expenses incurred by plan in this plan year2022-06-08129745
Net assets as of the end of the plan year2022-06-081044031
Total assets as of the beginning of the plan year2022-06-081019826
Value of plan covered by a fidelity bond2022-06-082250000
Participant contributions to plan in this plan year2022-06-085123
Other expenses paid from plan in this plan year2022-06-082296
Other contributions to plan in this plan year2022-06-081006
Other income to plan in this plan year2022-06-08132354
Plan net income in this plan year2022-06-0824205
Net assets as of the end of the plan year2022-06-081044031
Net assets as of the beginning of the plan year2022-06-081019826
Value of contributions failed to transmitted timely2022-06-08320
Employer contributions to plan in this plan year2022-06-0815467

Potentially related plans

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