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UNIVERSITY OF LOUISIANA FEDERAL CREDIT UNION DEFINED BENEFIT PLAN AND TRUST 401k Plan overview

Plan NameUNIVERSITY OF LOUISIANA FEDERAL CREDIT UNION DEFINED BENEFIT PLAN AND TRUST
Plan identification number 001

UNIVERSITY OF LOUISIANA 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

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

Company Name:UNIVERSITY OF LOUISIANA FEDERAL CREDIT UNION
Employer identification number (EIN):726020664
NAIC Classification:522130
NAIC Description:Credit Unions

Form 5500 Filing Information

Submission information for form 5500 for 401k plan UNIVERSITY OF LOUISIANA FEDERAL CREDIT UNION DEFINED BENEFIT PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-02-01MONICA DECLOUET2023-11-01
0012021-02-01MONICA DECLOUET2022-09-23
0012020-02-01MONICA DECLOUET2021-09-01
0012019-02-01MONICA DECLOUET2020-08-25
0012018-02-01MONICA DECLOUET2019-10-09
0012017-02-01DEBBIE KIDDER2018-11-01
0012016-02-01DEBBIE KIDDER2017-09-11
0012015-02-01DEBBIE KIDDER2016-05-19
0012014-02-01DEBBIE KIDDER2015-06-22
0012013-02-01DEBBIE KIDDER2014-05-27
0012012-02-01DEBRA B. KIDDER2013-08-05
0012011-02-01DEBRA B. KIDDER2012-06-20 DEBRA B. KIDDER2012-06-20
0012010-02-01DEBBIE KIDDER2011-07-25

Plan Statistics for UNIVERSITY OF LOUISIANA FEDERAL CREDIT UNION DEFINED BENEFIT PLAN AND TRUST

401k plan membership statisitcs for UNIVERSITY OF LOUISIANA FEDERAL CREDIT UNION DEFINED BENEFIT PLAN AND TRUST

Measure Date Value
2023: UNIVERSITY OF LOUISIANA FEDERAL CREDIT UNION DEFINED BENEFIT PLAN AND TRUST 2023 401k membership
Market value of plan assets2023-01-314,906,794
Acturial value of plan assets2023-01-314,906,794
Funding target for retired participants and beneficiaries receiving payment2023-01-310
Number of terminated vested participants2023-01-315
Fundng target for terminated vested participants2023-01-3146,055
Active participant vested funding target2023-01-31786,888
Number of active participants2023-01-3119
Total funding liabilities for active participants2023-01-31873,892
Total participant count2023-01-3124
Total funding target for all participants2023-01-31919,947
Balance at beginning of prior year after applicable adjustments2023-01-31945,672
Prefunding balance at beginning of prior year after applicable adjustments2023-01-310
Carryover balanced portion elected for use to offset prior years funding requirement2023-01-310
Prefunding balanced used to offset prior years funding requirement2023-01-310
Amount remaining of carryover balance2023-01-31945,672
Amount remaining of prefunding balance2023-01-310
Present value of excess contributions2023-01-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2023-01-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2023-01-310
Reductions in caryover balances due to elections or deemed elections2023-01-310
Reductions in prefunding balances due to elections or deemed elections2023-01-310
Balance of carryovers at beginning of current year2023-01-311,001,088
Balance of prefunding at beginning of current year2023-01-310
Total employer contributions2023-01-310
Total employee contributions2023-01-310
Contributions allocated toward unpaid minimum require contributions from prior years2023-01-310
Contributions made to avoid restrictions adjusted to valuation date2023-01-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2023-01-310
Unpaid minimum required contributions for all prior years2023-01-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2023-01-310
Remaining amount of unpaid minimum required contributions2023-01-310
Minimum required contributions for current year target normal cost2023-01-31151,711
Net shortfall amortization installment of oustanding balance2023-01-310
Waiver amortization installment2023-01-310
Total funding amount beforereflecting carryover/prefunding balances2023-01-310
Carryover balance elected to use to offset funding requirement2023-01-310
Prefunding balance elected to use to offset funding requirement2023-01-310
Additional cash requirement2023-01-310
Contributions allocatedtoward minimum required contributions for current year2023-01-310
Unpaid minimum required contributions for current year2023-01-310
Unpaid minimum required contributions for all years2023-01-310
2022: UNIVERSITY OF LOUISIANA FEDERAL CREDIT UNION DEFINED BENEFIT PLAN AND TRUST 2022 401k membership
Market value of plan assets2022-01-314,843,066
Acturial value of plan assets2022-01-314,843,066
Funding target for retired participants and beneficiaries receiving payment2022-01-310
Number of terminated vested participants2022-01-315
Fundng target for terminated vested participants2022-01-31109,505
Active participant vested funding target2022-01-31624,565
Number of active participants2022-01-3121
Total funding liabilities for active participants2022-01-31700,396
Total participant count2022-01-3126
Total funding target for all participants2022-01-31809,901
Balance at beginning of prior year after applicable adjustments2022-01-31858,219
Prefunding balance at beginning of prior year after applicable adjustments2022-01-310
Carryover balanced portion elected for use to offset prior years funding requirement2022-01-310
Prefunding balanced used to offset prior years funding requirement2022-01-310
Amount remaining of carryover balance2022-01-31858,219
Amount remaining of prefunding balance2022-01-310
Present value of excess contributions2022-01-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-01-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-01-310
Reductions in caryover balances due to elections or deemed elections2022-01-310
Reductions in prefunding balances due to elections or deemed elections2022-01-310
Balance of carryovers at beginning of current year2022-01-31945,672
Balance of prefunding at beginning of current year2022-01-310
Total employer contributions2022-01-310
Total employee contributions2022-01-310
Contributions allocated toward unpaid minimum require contributions from prior years2022-01-310
Contributions made to avoid restrictions adjusted to valuation date2022-01-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-01-310
Unpaid minimum required contributions for all prior years2022-01-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-01-310
Remaining amount of unpaid minimum required contributions2022-01-310
Minimum required contributions for current year target normal cost2022-01-31147,531
Net shortfall amortization installment of oustanding balance2022-01-310
Waiver amortization installment2022-01-310
Total funding amount beforereflecting carryover/prefunding balances2022-01-310
Carryover balance elected to use to offset funding requirement2022-01-310
Prefunding balance elected to use to offset funding requirement2022-01-310
Additional cash requirement2022-01-310
Contributions allocatedtoward minimum required contributions for current year2022-01-310
Unpaid minimum required contributions for current year2022-01-310
Unpaid minimum required contributions for all years2022-01-310
2021: UNIVERSITY OF LOUISIANA FEDERAL CREDIT UNION DEFINED BENEFIT PLAN AND TRUST 2021 401k membership
Market value of plan assets2021-01-314,414,087
Acturial value of plan assets2021-01-314,414,087
Funding target for retired participants and beneficiaries receiving payment2021-01-310
Number of terminated vested participants2021-01-313
Fundng target for terminated vested participants2021-01-316,299
Active participant vested funding target2021-01-31598,273
Number of active participants2021-01-3120
Total funding liabilities for active participants2021-01-31670,673
Total participant count2021-01-3123
Total funding target for all participants2021-01-31676,972
Balance at beginning of prior year after applicable adjustments2021-01-31772,961
Prefunding balance at beginning of prior year after applicable adjustments2021-01-310
Carryover balanced portion elected for use to offset prior years funding requirement2021-01-310
Prefunding balanced used to offset prior years funding requirement2021-01-310
Amount remaining of carryover balance2021-01-31772,961
Amount remaining of prefunding balance2021-01-310
Present value of excess contributions2021-01-31997,231
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-01-311,051,081
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-01-310
Reductions in caryover balances due to elections or deemed elections2021-01-310
Reductions in prefunding balances due to elections or deemed elections2021-01-310
Balance of carryovers at beginning of current year2021-01-31858,219
Balance of prefunding at beginning of current year2021-01-310
Total employer contributions2021-01-310
Total employee contributions2021-01-310
Contributions allocated toward unpaid minimum require contributions from prior years2021-01-310
Contributions made to avoid restrictions adjusted to valuation date2021-01-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-01-310
Unpaid minimum required contributions for all prior years2021-01-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-01-310
Remaining amount of unpaid minimum required contributions2021-01-310
Minimum required contributions for current year target normal cost2021-01-31149,148
Net shortfall amortization installment of oustanding balance2021-01-310
Waiver amortization installment2021-01-310
Total funding amount beforereflecting carryover/prefunding balances2021-01-310
Carryover balance elected to use to offset funding requirement2021-01-310
Prefunding balance elected to use to offset funding requirement2021-01-310
Additional cash requirement2021-01-310
Contributions allocatedtoward minimum required contributions for current year2021-01-310
Unpaid minimum required contributions for current year2021-01-310
Unpaid minimum required contributions for all years2021-01-310
2020: UNIVERSITY OF LOUISIANA FEDERAL CREDIT UNION DEFINED BENEFIT PLAN AND TRUST 2020 401k membership
Market value of plan assets2020-01-313,954,885
Acturial value of plan assets2020-01-313,954,885
Funding target for retired participants and beneficiaries receiving payment2020-01-310
Number of terminated vested participants2020-01-313
Fundng target for terminated vested participants2020-01-315,492
Active participant vested funding target2020-01-311,233,328
Number of active participants2020-01-3120
Total funding liabilities for active participants2020-01-311,284,796
Total participant count2020-01-3123
Total funding target for all participants2020-01-311,290,288
Balance at beginning of prior year after applicable adjustments2020-01-31770,035
Prefunding balance at beginning of prior year after applicable adjustments2020-01-310
Carryover balanced portion elected for use to offset prior years funding requirement2020-01-310
Prefunding balanced used to offset prior years funding requirement2020-01-310
Amount remaining of carryover balance2020-01-31770,035
Amount remaining of prefunding balance2020-01-310
Present value of excess contributions2020-01-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-01-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-01-310
Reductions in caryover balances due to elections or deemed elections2020-01-310
Reductions in prefunding balances due to elections or deemed elections2020-01-310
Balance of carryovers at beginning of current year2020-01-31772,961
Balance of prefunding at beginning of current year2020-01-310
Total employer contributions2020-01-311,000,000
Total employee contributions2020-01-310
Contributions allocated toward unpaid minimum require contributions from prior years2020-01-310
Contributions made to avoid restrictions adjusted to valuation date2020-01-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-01-31997,231
Unpaid minimum required contributions for all prior years2020-01-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-01-310
Remaining amount of unpaid minimum required contributions2020-01-310
Minimum required contributions for current year target normal cost2020-01-31176,467
Net shortfall amortization installment of oustanding balance2020-01-310
Waiver amortization installment2020-01-310
Total funding amount beforereflecting carryover/prefunding balances2020-01-310
Carryover balance elected to use to offset funding requirement2020-01-310
Prefunding balance elected to use to offset funding requirement2020-01-310
Additional cash requirement2020-01-310
Contributions allocatedtoward minimum required contributions for current year2020-01-31997,231
Unpaid minimum required contributions for current year2020-01-310
Unpaid minimum required contributions for all years2020-01-310
2019: UNIVERSITY OF LOUISIANA FEDERAL CREDIT UNION DEFINED BENEFIT PLAN AND TRUST 2019 401k membership
Market value of plan assets2019-01-313,958,994
Acturial value of plan assets2019-01-313,958,994
Funding target for retired participants and beneficiaries receiving payment2019-01-310
Number of terminated vested participants2019-01-312
Fundng target for terminated vested participants2019-01-312,589
Active participant vested funding target2019-01-311,047,225
Number of active participants2019-01-3115
Total funding liabilities for active participants2019-01-311,103,344
Total participant count2019-01-3117
Total funding target for all participants2019-01-311,105,933
Balance at beginning of prior year after applicable adjustments2019-01-31725,763
Prefunding balance at beginning of prior year after applicable adjustments2019-01-310
Carryover balanced portion elected for use to offset prior years funding requirement2019-01-310
Prefunding balanced used to offset prior years funding requirement2019-01-310
Amount remaining of carryover balance2019-01-31725,763
Amount remaining of prefunding balance2019-01-310
Present value of excess contributions2019-01-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-01-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-01-310
Reductions in caryover balances due to elections or deemed elections2019-01-310
Reductions in prefunding balances due to elections or deemed elections2019-01-310
Balance of carryovers at beginning of current year2019-01-31770,035
Balance of prefunding at beginning of current year2019-01-310
Total employer contributions2019-01-310
Total employee contributions2019-01-310
Contributions allocated toward unpaid minimum require contributions from prior years2019-01-310
Contributions made to avoid restrictions adjusted to valuation date2019-01-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-01-310
Unpaid minimum required contributions for all prior years2019-01-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-01-310
Remaining amount of unpaid minimum required contributions2019-01-310
Minimum required contributions for current year target normal cost2019-01-31149,768
Net shortfall amortization installment of oustanding balance2019-01-310
Waiver amortization installment2019-01-310
Total funding amount beforereflecting carryover/prefunding balances2019-01-310
Carryover balance elected to use to offset funding requirement2019-01-310
Prefunding balance elected to use to offset funding requirement2019-01-310
Additional cash requirement2019-01-310
Contributions allocatedtoward minimum required contributions for current year2019-01-310
Unpaid minimum required contributions for current year2019-01-310
Unpaid minimum required contributions for all years2019-01-310
2018: UNIVERSITY OF LOUISIANA FEDERAL CREDIT UNION DEFINED BENEFIT PLAN AND TRUST 2018 401k membership
Market value of plan assets2018-01-313,738,425
Acturial value of plan assets2018-01-313,738,425
Funding target for retired participants and beneficiaries receiving payment2018-01-310
Number of terminated vested participants2018-01-311
Fundng target for terminated vested participants2018-01-31844
Active participant vested funding target2018-01-31829,648
Number of active participants2018-01-3115
Total funding liabilities for active participants2018-01-31886,845
Total participant count2018-01-3116
Total funding target for all participants2018-01-31887,689
Balance at beginning of prior year after applicable adjustments2018-01-31682,172
Prefunding balance at beginning of prior year after applicable adjustments2018-01-310
Carryover balanced portion elected for use to offset prior years funding requirement2018-01-310
Prefunding balanced used to offset prior years funding requirement2018-01-310
Amount remaining of carryover balance2018-01-31682,172
Amount remaining of prefunding balance2018-01-310
Present value of excess contributions2018-01-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-01-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-01-310
Reductions in caryover balances due to elections or deemed elections2018-01-310
Reductions in prefunding balances due to elections or deemed elections2018-01-310
Balance of carryovers at beginning of current year2018-01-31725,763
Balance of prefunding at beginning of current year2018-01-310
Total employer contributions2018-01-310
Total employee contributions2018-01-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-01-310
Contributions made to avoid restrictions adjusted to valuation date2018-01-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-01-310
Unpaid minimum required contributions for all prior years2018-01-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-01-310
Remaining amount of unpaid minimum required contributions2018-01-310
Minimum required contributions for current year target normal cost2018-01-31126,508
Net shortfall amortization installment of oustanding balance2018-01-310
Waiver amortization installment2018-01-310
Total funding amount beforereflecting carryover/prefunding balances2018-01-310
Carryover balance elected to use to offset funding requirement2018-01-310
Prefunding balance elected to use to offset funding requirement2018-01-310
Additional cash requirement2018-01-310
Contributions allocatedtoward minimum required contributions for current year2018-01-310
Unpaid minimum required contributions for current year2018-01-310
Unpaid minimum required contributions for all years2018-01-310
2017: UNIVERSITY OF LOUISIANA FEDERAL CREDIT UNION DEFINED BENEFIT PLAN AND TRUST 2017 401k membership
Market value of plan assets2017-01-313,520,196
Acturial value of plan assets2017-01-313,520,196
Funding target for retired participants and beneficiaries receiving payment2017-01-310
Number of terminated vested participants2017-01-310
Fundng target for terminated vested participants2017-01-310
Active participant vested funding target2017-01-31670,777
Number of active participants2017-01-3113
Total funding liabilities for active participants2017-01-31700,134
Total participant count2017-01-3113
Total funding target for all participants2017-01-31700,134
Balance at beginning of prior year after applicable adjustments2017-01-31680,199
Prefunding balance at beginning of prior year after applicable adjustments2017-01-310
Carryover balanced portion elected for use to offset prior years funding requirement2017-01-310
Prefunding balanced used to offset prior years funding requirement2017-01-310
Amount remaining of carryover balance2017-01-31680,199
Amount remaining of prefunding balance2017-01-310
Present value of excess contributions2017-01-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-01-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-01-310
Reductions in caryover balances due to elections or deemed elections2017-01-310
Reductions in prefunding balances due to elections or deemed elections2017-01-310
Balance of carryovers at beginning of current year2017-01-31682,172
Balance of prefunding at beginning of current year2017-01-310
Total employer contributions2017-01-310
Total employee contributions2017-01-310
Contributions allocated toward unpaid minimum require contributions from prior years2017-01-310
Contributions made to avoid restrictions adjusted to valuation date2017-01-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-01-310
Unpaid minimum required contributions for all prior years2017-01-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-01-310
Remaining amount of unpaid minimum required contributions2017-01-310
Minimum required contributions for current year target normal cost2017-01-3189,467
Net shortfall amortization installment of oustanding balance2017-01-310
Waiver amortization installment2017-01-310
Waived amount of outstanding balance2017-01-310
Total funding amount beforereflecting carryover/prefunding balances2017-01-310
Carryover balance elected to use to offset funding requirement2017-01-310
Prefunding balance elected to use to offset funding requirement2017-01-310
Additional cash requirement2017-01-310
Contributions allocatedtoward minimum required contributions for current year2017-01-310
Unpaid minimum required contributions for current year2017-01-310
Unpaid minimum required contributions for all years2017-01-310

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