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EMPLOYEE BENEFIT PLAN OF ACCESS OF LOUISIANA FEDERAL CREDIT UNION 401k Plan overview

Plan NameEMPLOYEE BENEFIT PLAN OF ACCESS OF LOUISIANA FEDERAL CREDIT UNION
Plan identification number 001

EMPLOYEE BENEFIT PLAN OF ACCESS OF LOUISIANA FEDERAL CREDIT UNION 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.
  • 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

ACCESS OF LOUISIANA FEDERAL CREDIT UNION has sponsored the creation of one or more 401k plans.

Company Name:ACCESS OF LOUISIANA FEDERAL CREDIT UNION
Employer identification number (EIN):720479143
NAIC Classification:522130
NAIC Description:Credit Unions

Form 5500 Filing Information

Submission information for form 5500 for 401k plan EMPLOYEE BENEFIT PLAN OF ACCESS OF LOUISIANA FEDERAL CREDIT UNION

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01AMANDA YOUNGBLOOD2024-07-25
0012022-01-01AMANDA YOUNGBLOOD2023-07-26
0012021-01-01AMANDA YOUNGBLOOD2022-06-30
0012020-01-01AMANDA YOUNGBLOOD2021-07-09
0012019-01-01AMANDA YOUNGBLOOD2021-01-15

Financial Data on EMPLOYEE BENEFIT PLAN OF ACCESS OF LOUISIANA FEDERAL CREDIT UNION

Measure Date Value
2025 : EMPLOYEE BENEFIT PLAN OF ACCESS OF LOUISIANA FEDERAL CREDIT UNION 2025 401k financial data
Total transfers to/from plan in this plan year2025-07-180
Total liabilities as of the end of the plan year2025-07-180
Total liabilities as of the beginning of the plan year2025-07-180
Total expenses incurred by plan in this plan year2025-07-18161812
Net assets as of the end of the plan year2025-07-18246665
Total assets as of the beginning of the plan year2025-07-18341225
Value of plan covered by a fidelity bond2025-07-18250000
Participant contributions to plan in this plan year2025-07-1819355
Value of participant loans at end of plan year2025-07-1827791
Other expenses paid from plan in this plan year2025-07-180
Other contributions to plan in this plan year2025-07-180
Other income to plan in this plan year2025-07-1825936
Plan net income in this plan year2025-07-18-94560
Net assets as of the end of the plan year2025-07-18246665
Net assets as of the beginning of the plan year2025-07-18341225
Employer contributions to plan in this plan year2025-07-1821961
Fees paid to broker by Benefit Provider2025-07-18101
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-1825
2024 : EMPLOYEE BENEFIT PLAN OF ACCESS OF LOUISIANA FEDERAL CREDIT UNION 2024 401k financial data
Total transfers to/from plan in this plan year2024-07-250
Total liabilities as of the end of the plan year2024-07-250
Total liabilities as of the beginning of the plan year2024-07-250
Total expenses incurred by plan in this plan year2024-07-2531415
Net assets as of the end of the plan year2024-07-25341225
Total assets as of the beginning of the plan year2024-07-25289635
Value of plan covered by a fidelity bond2024-07-252500000
Participant contributions to plan in this plan year2024-07-2520843
Value of participant loans at end of plan year2024-07-2535178
Other expenses paid from plan in this plan year2024-07-250
Other contributions to plan in this plan year2024-07-250
Other income to plan in this plan year2024-07-2541147
Plan net income in this plan year2024-07-2551590
Net assets as of the end of the plan year2024-07-25341225
Net assets as of the beginning of the plan year2024-07-25289635
Employer contributions to plan in this plan year2024-07-2521015
Fees paid to broker by Benefit Provider2024-07-25237
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-256
2022 : EMPLOYEE BENEFIT PLAN OF ACCESS OF LOUISIANA FEDERAL CREDIT UNION 2022 401k financial data
Total transfers to/from plan in this plan year2022-06-300
Total liabilities as of the end of the plan year2022-06-300
Total liabilities as of the beginning of the plan year2022-06-300
Total expenses incurred by plan in this plan year2022-06-3054593
Net assets as of the end of the plan year2022-06-30276719
Total assets as of the beginning of the plan year2022-06-30257995
Value of plan covered by a fidelity bond2022-06-302500000
Participant contributions to plan in this plan year2022-06-3018275
Value of participant loans at end of plan year2022-06-3020294
Other expenses paid from plan in this plan year2022-06-30-186
Other contributions to plan in this plan year2022-06-30338
Other income to plan in this plan year2022-06-3036355
Plan net income in this plan year2022-06-3018724
Net assets as of the end of the plan year2022-06-30276719
Net assets as of the beginning of the plan year2022-06-30257995
Employer contributions to plan in this plan year2022-06-3018349
Fees paid to broker by Benefit Provider2022-06-30682

Potentially related plans

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