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NEW HORIZONS CREDIT UNION 401(K) SAVINGS PLAN AND TRUST 401k Plan overview

Plan NameNEW HORIZONS CREDIT UNION 401(K) SAVINGS PLAN AND TRUST
Plan identification number 002

NEW HORIZONS CREDIT UNION 401(K) SAVINGS PLAN AND TRUST Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • 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

NEW HORIZONS CREDIT UNION has sponsored the creation of one or more 401k plans.

Company Name:NEW HORIZONS CREDIT UNION
Employer identification number (EIN):630767402
NAIC Classification:522300
NAIC Description: Activities Related to Credit Intermediation

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NEW HORIZONS CREDIT UNION 401(K) SAVINGS PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01EDITH G. FRANKLIN2024-07-24
0022022-01-01EDITH G. FRANKLIN2023-06-26
0022021-01-01
0022020-01-01
0022019-01-01
0022018-01-01
0022017-01-01
0022016-01-01RACHEL HALLSTROM2017-07-05
0022015-01-01CINDY STUEVE2016-08-09
0022014-01-01CINDY STUEVE2015-05-01
0022013-01-01CINDY STUEVE2014-06-10
0022012-01-01CINDY STUEVE2013-03-26
0022011-01-01CINDY STUEVE2012-05-02
0022010-01-01CINDY STUEVE2011-06-30

Plan Statistics for NEW HORIZONS CREDIT UNION 401(K) SAVINGS PLAN AND TRUST

401k plan membership statisitcs for NEW HORIZONS CREDIT UNION 401(K) SAVINGS PLAN AND TRUST

Measure Date Value
2025: NEW HORIZONS CREDIT UNION 401(K) SAVINGS PLAN AND TRUST 2025 401k membership
Total number of particpants at beginning of year2025-09-1667
Total number of particpants at end of year2025-09-1676
Number of Participants With Account Balances2025-09-1658
2024: NEW HORIZONS CREDIT UNION 401(K) SAVINGS PLAN AND TRUST 2024 401k membership
Total number of particpants at beginning of year2024-07-2464
Total number of particpants at end of year2024-07-2465
Number of Participants With Account Balances2024-07-2456
2022: NEW HORIZONS CREDIT UNION 401(K) SAVINGS PLAN AND TRUST 2022 401k membership
Total number of particpants at beginning of year2022-07-1564
Total number of particpants at end of year2022-07-1563
Number of Participants With Account Balances2022-07-1560

Financial Data on NEW HORIZONS CREDIT UNION 401(K) SAVINGS PLAN AND TRUST

Measure Date Value
2025 : NEW HORIZONS CREDIT UNION 401(K) SAVINGS PLAN AND TRUST 2025 401k financial data
Total expenses incurred by plan in this plan year2025-09-16104700
Net assets as of the end of the plan year2025-09-162223246
Total assets as of the beginning of the plan year2025-09-161774057
Value of plan covered by a fidelity bond2025-09-16500000
Participant contributions to plan in this plan year2025-09-16184474
Other income to plan in this plan year2025-09-16228455
Plan net income in this plan year2025-09-16449189
Net assets as of the end of the plan year2025-09-162223246
Net assets as of the beginning of the plan year2025-09-161774057
Employer contributions to plan in this plan year2025-09-16140960
Fees paid to broker by Benefit Provider2025-09-1613935
Expensese paid to adminstrative service provicers from plan in this plan year2025-09-162875
2024 : NEW HORIZONS CREDIT UNION 401(K) SAVINGS PLAN AND TRUST 2024 401k financial data
Total expenses incurred by plan in this plan year2024-07-24217861
Net assets as of the end of the plan year2024-07-241774057
Total assets as of the beginning of the plan year2024-07-241429500
Value of plan covered by a fidelity bond2024-07-24500000
Participant contributions to plan in this plan year2024-07-24189788
Other income to plan in this plan year2024-07-24236647
Plan net income in this plan year2024-07-24344557
Net assets as of the end of the plan year2024-07-241774057
Net assets as of the beginning of the plan year2024-07-241429500
Employer contributions to plan in this plan year2024-07-24135983
Fees paid to broker by Benefit Provider2024-07-248014
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-242020
2022 : NEW HORIZONS CREDIT UNION 401(K) SAVINGS PLAN AND TRUST 2022 401k financial data
Total expenses incurred by plan in this plan year2022-07-1587639
Net assets as of the end of the plan year2022-07-151596098
Total assets as of the beginning of the plan year2022-07-151271037
Value of plan covered by a fidelity bond2022-07-15500000
Participant contributions to plan in this plan year2022-07-15146010
Other contributions to plan in this plan year2022-07-15117
Other income to plan in this plan year2022-07-15172711
Plan net income in this plan year2022-07-15325061
Net assets as of the end of the plan year2022-07-151596098
Net assets as of the beginning of the plan year2022-07-151271037
Value of contributions failed to transmitted timely2022-07-1521
Employer contributions to plan in this plan year2022-07-1593862
Fees paid to broker by Benefit Provider2022-07-157245
Expensese paid to adminstrative service provicers from plan in this plan year2022-07-15245

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