401k Plan data: WOBURN MUNICIPAL FEDERAL CREDIT UNION 401(K) RETIREMENT PLAN plan

WOBURN MUNICIPAL FEDERAL CREDIT UNION 401(K) RETIREMENT PLAN 401k Plan overview

Plan Name	WOBURN MUNICIPAL FEDERAL CREDIT UNION 401(K) RETIREMENT PLAN
Plan identification number	002

WOBURN MUNICIPAL FEDERAL CREDIT UNION 401(K) RETIREMENT PLAN Benefits

401k Plan Type

Defined 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.
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

WOBURN MUNICIPAL FEDERAL CREDIT UNION has sponsored the creation of one or more 401k plans.

Company Name: WOBURN MUNICIPAL FEDERAL CREDIT UNION

Employer identification number (EIN): 042460893

NAIC Classification: 522130
NAIC Description: Credit Unions

Form 5500 Filing Information

Submission information for form 5500 for 401k plan WOBURN MUNICIPAL FEDERAL CREDIT UNION 401(K) RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2023-01-01 JAMES MCCORKLE 2024-06-06 JAMES MCCORKLE 2024-06-06
002 2022-01-01 JAMES M MCCORKLE 2023-06-21 JAMES M MCCORKLE 2023-06-29
002 2021-01-01 JAMES M MCCORKLE 2022-06-21
002 2020-01-01 JAMES M MCCORKLE 2021-05-05
002 2019-01-01 JAMES M MCCORKLE 2020-06-03
002 2018-01-01 JAMES M MCCORKLE 2019-05-14
002 2017-01-01 JAMES M MCCORKLE 2018-05-29
002 2016-01-01 JAMES M MCCORKLE 2017-07-10
002 2015-01-01
002 2014-01-01
002 2013-01-01 ELIZABETH A. GIRARDI 2014-04-30
002 2012-01-01 ELIZABETH A. GIRARDI 2013-06-06
002 2011-01-01 ELIZABETH A. GIRARDI 2012-05-21
002 2010-01-01 ELIZABETH A. GIRARDI 2011-02-21

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
002	2023-01-01	JAMES MCCORKLE	2024-06-06	JAMES MCCORKLE	2024-06-06
002	2022-01-01	JAMES M MCCORKLE	2023-06-21	JAMES M MCCORKLE	2023-06-29
002	2021-01-01	JAMES M MCCORKLE	2022-06-21
002	2020-01-01	JAMES M MCCORKLE	2021-05-05
002	2019-01-01	JAMES M MCCORKLE	2020-06-03
002	2018-01-01	JAMES M MCCORKLE	2019-05-14
002	2017-01-01	JAMES M MCCORKLE	2018-05-29
002	2016-01-01	JAMES M MCCORKLE	2017-07-10
002	2015-01-01
002	2014-01-01
002	2013-01-01	ELIZABETH A. GIRARDI	2014-04-30
002	2012-01-01	ELIZABETH A. GIRARDI	2013-06-06
002	2011-01-01	ELIZABETH A. GIRARDI	2012-05-21
002	2010-01-01	ELIZABETH A. GIRARDI	2011-02-21

Financial Data on WOBURN MUNICIPAL FEDERAL CREDIT UNION 401(K) RETIREMENT PLAN

Measure	Date	Value
2025 : WOBURN MUNICIPAL FEDERAL CREDIT UNION 401(K) RETIREMENT PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year	2025-05-13	4369
Net assets as of the end of the plan year	2025-05-13	779084
Total assets as of the beginning of the plan year	2025-05-13	630396
Value of plan covered by a fidelity bond	2025-05-13	3000000
Participant contributions to plan in this plan year	2025-05-13	56903
Value of participant loans at end of plan year	2025-05-13	14894
Other income to plan in this plan year	2025-05-13	68723
Plan net income in this plan year	2025-05-13	148688
Net assets as of the end of the plan year	2025-05-13	779084
Net assets as of the beginning of the plan year	2025-05-13	630396
Employer contributions to plan in this plan year	2025-05-13	27431
Expensese paid to adminstrative service provicers from plan in this plan year	2025-05-13	4369
2024 : WOBURN MUNICIPAL FEDERAL CREDIT UNION 401(K) RETIREMENT PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year	2024-06-06	3306
Net assets as of the end of the plan year	2024-06-06	630396
Total assets as of the beginning of the plan year	2024-06-06	525521
Value of plan covered by a fidelity bond	2024-06-06	3000000
Participant contributions to plan in this plan year	2024-06-06	35971
Value of participant loans at end of plan year	2024-06-06	9727
Other income to plan in this plan year	2024-06-06	72210
Plan net income in this plan year	2024-06-06	104875
Net assets as of the end of the plan year	2024-06-06	630396
Net assets as of the beginning of the plan year	2024-06-06	525521
Expensese paid to adminstrative service provicers from plan in this plan year	2024-06-06	3306
2022 : WOBURN MUNICIPAL FEDERAL CREDIT UNION 401(K) RETIREMENT PLAN 2022 401k financial data
Total transfers to/from plan in this plan year	2022-06-21	0
Total expenses incurred by plan in this plan year	2022-06-21	503464
Net assets as of the end of the plan year	2022-06-21	904994
Total assets as of the beginning of the plan year	2022-06-21	799435
Value of plan covered by a fidelity bond	2022-06-21	3000000
Participant contributions to plan in this plan year	2022-06-21	52608
Value of participant loans at end of plan year	2022-06-21	32443
Other contributions to plan in this plan year	2022-06-21	442606
Other income to plan in this plan year	2022-06-21	64460
Plan net income in this plan year	2022-06-21	105559
Net assets as of the end of the plan year	2022-06-21	904994
Net assets as of the beginning of the plan year	2022-06-21	799435
Employer contributions to plan in this plan year	2022-06-21	49349
Expensese paid to adminstrative service provicers from plan in this plan year	2022-06-21	3464

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Company Name:	WOBURN MUNICIPAL FEDERAL CREDIT UNION
Employer identification number (EIN):	042460893
NAIC Classification:	522130
NAIC Description:	Credit Unions