401k Plan data: HOUSTON METROPOLITAN FEDERAL CREDIT UNION plan

HOUSTON METROPOLITAN FEDERAL CREDIT UNION 401k Plan overview

Plan Name	HOUSTON METROPOLITAN FEDERAL CREDIT UNION
Plan identification number	004

HOUSTON METROPOLITAN FEDERAL CREDIT UNION Benefits

401k Plan Type	Defined Benefit Pension
Plan Features/Benefits	Benefits are primarily pay related 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

PLUS4 CREDIT UNION has sponsored the creation of one or more 401k plans.

Company Name: PLUS4 CREDIT UNION

Employer identification number (EIN): 740695230

NAIC Classification: 522130
NAIC Description: Credit Unions

Form 5500 Filing Information

Submission information for form 5500 for 401k plan HOUSTON METROPOLITAN FEDERAL CREDIT UNION

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
004 2022-01-01
004 2021-01-01
004 2021-01-01

Plan Statistics for HOUSTON METROPOLITAN FEDERAL CREDIT UNION

401k plan membership statisitcs for HOUSTON METROPOLITAN FEDERAL CREDIT UNION

Measure Date Value
2022: HOUSTON METROPOLITAN FEDERAL CREDIT UNION 2022 401k membership
Market value of plan assets 2022-12-31 4,777,782
Acturial value of plan assets 2022-12-31 4,777,782
Funding target for retired participants and beneficiaries receiving payment 2022-12-31 308,606
Number of terminated vested participants 2022-12-31 5
Fundng target for terminated vested participants 2022-12-31 26,169
Active participant vested funding target 2022-12-31 1,488,519
Number of active participants 2022-12-31 26
Total funding liabilities for active participants 2022-12-31 1,488,857
Total participant count 2022-12-31 32
Total funding target for all participants 2022-12-31 1,823,632
Balance at beginning of prior year after applicable adjustments 2022-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2022-12-31 2,470,461
Carryover balanced portion elected for use to offset prior years funding requirement 2022-12-31 0
Prefunding balanced used to offset prior years funding requirement 2022-12-31 0
Amount remaining of carryover balance 2022-12-31 0
Amount remaining of prefunding balance 2022-12-31 2,470,461
Present value of excess contributions 2022-12-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2022-12-31 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2022-12-31 0
Reductions in caryover balances due to elections or deemed elections 2022-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2022-12-31 0
Balance of carryovers at beginning of current year 2022-12-31 0
Balance of prefunding at beginning of current year 2022-12-31 2,843,501
Total employer contributions 2022-12-31 0
Total employee contributions 2022-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2022-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2022-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2022-12-31 0
Unpaid minimum required contributions for all prior years 2022-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2022-12-31 0
Remaining amount of unpaid minimum required contributions 2022-12-31 0
Minimum required contributions for current year target normal cost 2022-12-31 91,506
Net shortfall amortization installment of oustanding balance 2022-12-31 0
Waiver amortization installment 2022-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2022-12-31 0
Carryover balance elected to use to offset funding requirement 2022-12-31 0
Prefunding balance elected to use to offset funding requirement 2022-12-31 0
Additional cash requirement 2022-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2022-12-31 0
Unpaid minimum required contributions for current year 2022-12-31 0
Unpaid minimum required contributions for all years 2022-12-31 0
Total number of particpants at beginning of year 2022-05-25 32
Total number of particpants at end of year 2022-05-25 32
2021: HOUSTON METROPOLITAN FEDERAL CREDIT UNION 2021 401k membership
Market value of plan assets 2021-12-31 4,317,646
Acturial value of plan assets 2021-12-31 4,317,646
Funding target for retired participants and beneficiaries receiving payment 2021-12-31 312,860
Number of terminated vested participants 2021-12-31 5
Fundng target for terminated vested participants 2021-12-31 23,720
Active participant vested funding target 2021-12-31 1,327,302
Number of active participants 2021-12-31 26
Total funding liabilities for active participants 2021-12-31 1,344,055
Total participant count 2021-12-31 32
Total funding target for all participants 2021-12-31 1,680,635
Balance at beginning of prior year after applicable adjustments 2021-12-31 0
Prefunding balance at beginning of prior year after applicable adjustments 2021-12-31 2,240,781
Carryover balanced portion elected for use to offset prior years funding requirement 2021-12-31 0
Prefunding balanced used to offset prior years funding requirement 2021-12-31 0
Amount remaining of carryover balance 2021-12-31 0
Amount remaining of prefunding balance 2021-12-31 2,240,781
Present value of excess contributions 2021-12-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2021-12-31 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2021-12-31 0
Reductions in caryover balances due to elections or deemed elections 2021-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2021-12-31 0
Balance of carryovers at beginning of current year 2021-12-31 0
Balance of prefunding at beginning of current year 2021-12-31 2,470,461
Total employer contributions 2021-12-31 0
Total employee contributions 2021-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2021-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2021-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2021-12-31 0
Unpaid minimum required contributions for all prior years 2021-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2021-12-31 0
Remaining amount of unpaid minimum required contributions 2021-12-31 0
Minimum required contributions for current year target normal cost 2021-12-31 103,721
Net shortfall amortization installment of oustanding balance 2021-12-31 0
Waiver amortization installment 2021-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2021-12-31 0
Carryover balance elected to use to offset funding requirement 2021-12-31 0
Prefunding balance elected to use to offset funding requirement 2021-12-31 0
Additional cash requirement 2021-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2021-12-31 0
Unpaid minimum required contributions for current year 2021-12-31 0
Unpaid minimum required contributions for all years 2021-12-31 0

Measure	Date	Value
2022: HOUSTON METROPOLITAN FEDERAL CREDIT UNION 2022 401k membership
Market value of plan assets	2022-12-31	4,777,782
Acturial value of plan assets	2022-12-31	4,777,782
Funding target for retired participants and beneficiaries receiving payment	2022-12-31	308,606
Number of terminated vested participants	2022-12-31	5
Fundng target for terminated vested participants	2022-12-31	26,169
Active participant vested funding target	2022-12-31	1,488,519
Number of active participants	2022-12-31	26
Total funding liabilities for active participants	2022-12-31	1,488,857
Total participant count	2022-12-31	32
Total funding target for all participants	2022-12-31	1,823,632
Balance at beginning of prior year after applicable adjustments	2022-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2022-12-31	2,470,461
Carryover balanced portion elected for use to offset prior years funding requirement	2022-12-31	0
Prefunding balanced used to offset prior years funding requirement	2022-12-31	0
Amount remaining of carryover balance	2022-12-31	0
Amount remaining of prefunding balance	2022-12-31	2,470,461
Present value of excess contributions	2022-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2022-12-31	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2022-12-31	0
Reductions in caryover balances due to elections or deemed elections	2022-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2022-12-31	0
Balance of carryovers at beginning of current year	2022-12-31	0
Balance of prefunding at beginning of current year	2022-12-31	2,843,501
Total employer contributions	2022-12-31	0
Total employee contributions	2022-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2022-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2022-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2022-12-31	0
Unpaid minimum required contributions for all prior years	2022-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2022-12-31	0
Remaining amount of unpaid minimum required contributions	2022-12-31	0
Minimum required contributions for current year target normal cost	2022-12-31	91,506
Net shortfall amortization installment of oustanding balance	2022-12-31	0
Waiver amortization installment	2022-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2022-12-31	0
Carryover balance elected to use to offset funding requirement	2022-12-31	0
Prefunding balance elected to use to offset funding requirement	2022-12-31	0
Additional cash requirement	2022-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2022-12-31	0
Unpaid minimum required contributions for current year	2022-12-31	0
Unpaid minimum required contributions for all years	2022-12-31	0
Total number of particpants at beginning of year	2022-05-25	32
Total number of particpants at end of year	2022-05-25	32
2021: HOUSTON METROPOLITAN FEDERAL CREDIT UNION 2021 401k membership
Market value of plan assets	2021-12-31	4,317,646
Acturial value of plan assets	2021-12-31	4,317,646
Funding target for retired participants and beneficiaries receiving payment	2021-12-31	312,860
Number of terminated vested participants	2021-12-31	5
Fundng target for terminated vested participants	2021-12-31	23,720
Active participant vested funding target	2021-12-31	1,327,302
Number of active participants	2021-12-31	26
Total funding liabilities for active participants	2021-12-31	1,344,055
Total participant count	2021-12-31	32
Total funding target for all participants	2021-12-31	1,680,635
Balance at beginning of prior year after applicable adjustments	2021-12-31	0
Prefunding balance at beginning of prior year after applicable adjustments	2021-12-31	2,240,781
Carryover balanced portion elected for use to offset prior years funding requirement	2021-12-31	0
Prefunding balanced used to offset prior years funding requirement	2021-12-31	0
Amount remaining of carryover balance	2021-12-31	0
Amount remaining of prefunding balance	2021-12-31	2,240,781
Present value of excess contributions	2021-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2021-12-31	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2021-12-31	0
Reductions in caryover balances due to elections or deemed elections	2021-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2021-12-31	0
Balance of carryovers at beginning of current year	2021-12-31	0
Balance of prefunding at beginning of current year	2021-12-31	2,470,461
Total employer contributions	2021-12-31	0
Total employee contributions	2021-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2021-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2021-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2021-12-31	0
Unpaid minimum required contributions for all prior years	2021-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2021-12-31	0
Remaining amount of unpaid minimum required contributions	2021-12-31	0
Minimum required contributions for current year target normal cost	2021-12-31	103,721
Net shortfall amortization installment of oustanding balance	2021-12-31	0
Waiver amortization installment	2021-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2021-12-31	0
Carryover balance elected to use to offset funding requirement	2021-12-31	0
Prefunding balance elected to use to offset funding requirement	2021-12-31	0
Additional cash requirement	2021-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2021-12-31	0
Unpaid minimum required contributions for current year	2021-12-31	0
Unpaid minimum required contributions for all years	2021-12-31	0

Financial Data on HOUSTON METROPOLITAN FEDERAL CREDIT UNION

Measure	Date	Value
2022 : HOUSTON METROPOLITAN FEDERAL CREDIT UNION 2022 401k financial data
Total transfers to/from plan in this plan year	2022-05-25	0
Total liabilities as of the end of the plan year	2022-05-25	0
Total liabilities as of the beginning of the plan year	2022-05-25	0
Total expenses incurred by plan in this plan year	2022-05-25	178840
Net assets as of the end of the plan year	2022-05-25	4777782
Total assets as of the beginning of the plan year	2022-05-25	4317646
Value of plan covered by a fidelity bond	2022-05-25	1500000
Participant contributions to plan in this plan year	2022-05-25	0
Other expenses paid from plan in this plan year	2022-05-25	4568
Other contributions to plan in this plan year	2022-05-25	0
Other income to plan in this plan year	2022-05-25	638976
Plan net income in this plan year	2022-05-25	460136
Net assets as of the end of the plan year	2022-05-25	4777782
Net assets as of the beginning of the plan year	2022-05-25	4317646
Employer contributions to plan in this plan year	2022-05-25	0
Fees paid to broker by Benefit Provider	2022-05-25	11710
Expensese paid to adminstrative service provicers from plan in this plan year	2022-05-25	0

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Company Name:	PLUS4 CREDIT UNION
Employer identification number (EIN):	740695230
NAIC Classification:	522130
NAIC Description:	Credit Unions