401k Plan data: JACKSON AREA FEDERAL CREDIT UNION EMPLOYEES 401(K) PLAN plan

JACKSON AREA FEDERAL CREDIT UNION EMPLOYEES 401(K) PLAN 401k Plan overview

Plan Name	JACKSON AREA FEDERAL CREDIT UNION EMPLOYEES 401(K) PLAN
Plan identification number	002

JACKSON AREA FEDERAL CREDIT UNION EMPLOYEES 401(K) PLAN Benefits

401k Plan Type

Defined 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.
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.
Life insurance

401k Sponsoring company profile

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

Company Name: JACKSON AREA FEDERAL CREDIT UNION

Employer identification number (EIN): 640360167

NAIC Classification: 522130
NAIC Description: Credit Unions

Form 5500 Filing Information

Submission information for form 5500 for 401k plan JACKSON AREA FEDERAL CREDIT UNION EMPLOYEES 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2023-01-01
002 2022-01-01
002 2021-01-01
002 2020-01-01
002 2019-01-01
002 2018-01-01
002 2017-01-01
002 2016-01-01
002 2015-01-01 LEIGH BRIDGES 2016-10-13
002 2014-01-01 LEIGH BRIDGES 2015-09-17
002 2013-01-01 LEIGH BRIDGES 2014-07-15
002 2012-01-01 LEIGH BRIDGES 2014-06-03
002 2011-05-01 LEIGH BRIDGES 2014-06-03
002 2010-05-01 LEIGH BRIDGES 2014-06-03
002 2009-05-01 LEIGH BRIDGES 2014-06-03

Financial Data on JACKSON AREA FEDERAL CREDIT UNION EMPLOYEES 401(K) PLAN

Measure	Date	Value
2025 : JACKSON AREA FEDERAL CREDIT UNION EMPLOYEES 401(K) PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year	2025-10-01	90385
Net assets as of the end of the plan year	2025-10-01	3933064
Total assets as of the beginning of the plan year	2025-10-01	3294345
Value of plan covered by a fidelity bond	2025-10-01	500000
Participant contributions to plan in this plan year	2025-10-01	164204
Other income to plan in this plan year	2025-10-01	335698
Plan net income in this plan year	2025-10-01	638719
Net assets as of the end of the plan year	2025-10-01	3933064
Net assets as of the beginning of the plan year	2025-10-01	3294345
Value of contributions failed to transmitted timely	2025-10-01	11990
Employer contributions to plan in this plan year	2025-10-01	229202
Fees paid to broker by Benefit Provider	2025-10-01	11896
Expensese paid to adminstrative service provicers from plan in this plan year	2025-10-01	4609
2024 : JACKSON AREA FEDERAL CREDIT UNION EMPLOYEES 401(K) PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year	2024-08-14	936523
Net assets as of the end of the plan year	2024-08-14	3294345
Total assets as of the beginning of the plan year	2024-08-14	3613079
Value of plan covered by a fidelity bond	2024-08-14	500000
Participant contributions to plan in this plan year	2024-08-14	138186
Other income to plan in this plan year	2024-08-14	295958
Plan net income in this plan year	2024-08-14	-318734
Net assets as of the end of the plan year	2024-08-14	3294345
Net assets as of the beginning of the plan year	2024-08-14	3613079
Value of contributions failed to transmitted timely	2024-08-14	5351
Employer contributions to plan in this plan year	2024-08-14	183645
Fees paid to broker by Benefit Provider	2024-08-14	9777
Expensese paid to adminstrative service provicers from plan in this plan year	2024-08-14	3815
2022 : JACKSON AREA FEDERAL CREDIT UNION EMPLOYEES 401(K) PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year	2022-06-21	86988
Net assets as of the end of the plan year	2022-06-21	3983921
Total assets as of the beginning of the plan year	2022-06-21	3434814
Value of plan covered by a fidelity bond	2022-06-21	500000
Participant contributions to plan in this plan year	2022-06-21	141484
Other income to plan in this plan year	2022-06-21	322371
Plan net income in this plan year	2022-06-21	549107
Net assets as of the end of the plan year	2022-06-21	3983921
Net assets as of the beginning of the plan year	2022-06-21	3434814
Value of contributions failed to transmitted timely	2022-06-21	27673
Employer contributions to plan in this plan year	2022-06-21	172240
Fees paid to broker by Benefit Provider	2022-06-21	11746
Expensese paid to adminstrative service provicers from plan in this plan year	2022-06-21	3311

Potentially related plans

JACKSON AREA CHAMBER OF COMMERCE 401K PROFIT SHARING PLAN [EIN = 620154490]

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Company Name:	JACKSON AREA FEDERAL CREDIT UNION
Employer identification number (EIN):	640360167
NAIC Classification:	522130
NAIC Description:	Credit Unions

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
002	2023-01-01
002	2022-01-01
002	2021-01-01
002	2020-01-01
002	2019-01-01
002	2018-01-01
002	2017-01-01
002	2016-01-01
002	2015-01-01	LEIGH BRIDGES	2016-10-13
002	2014-01-01	LEIGH BRIDGES	2015-09-17
002	2013-01-01	LEIGH BRIDGES	2014-07-15
002	2012-01-01	LEIGH BRIDGES	2014-06-03
002	2011-05-01	LEIGH BRIDGES	2014-06-03
002	2010-05-01	LEIGH BRIDGES	2014-06-03
002	2009-05-01	LEIGH BRIDGES	2014-06-03