INDUSTRIAL FEDERAL CREDIT UNION has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan INDUSTRIAL FEDERAL CREDIT UNION 401(K)PLAN
| Measure | Date | Value |
|---|
| 2023 : INDUSTRIAL FEDERAL CREDIT UNION 401(K)PLAN 2023 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2023-09-01 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-09-01 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-09-01 | $0 |
| Total income from all sources (including contributions) | 2023-09-01 | $1,748,593 |
| Total loss/gain on sale of assets | 2023-09-01 | $0 |
| Total of all expenses incurred | 2023-09-01 | $965,732 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2023-09-01 | $946,879 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2023-09-01 | $545,675 |
| Value of total assets at end of year | 2023-09-01 | $7,907,315 |
| Value of total assets at beginning of year | 2023-09-01 | $7,124,454 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2023-09-01 | $18,853 |
| Total interest from all sources | 2023-09-01 | $0 |
| Total dividends received (eg from common stock, registered investment company shares) | 2023-09-01 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2023-09-01 | No |
| Was this plan covered by a fidelity bond | 2023-09-01 | Yes |
| Value of fidelity bond cover | 2023-09-01 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2023-09-01 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2023-09-01 | No |
| Contributions received from participants | 2023-09-01 | $320,966 |
| Participant contributions at end of year | 2023-09-01 | $0 |
| Participant contributions at beginning of year | 2023-09-01 | $0 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2023-09-01 | $3,300 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2023-09-01 | $0 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2023-09-01 | $0 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-09-01 | No |
| Value of net income/loss | 2023-09-01 | $782,861 |
| Value of net assets at end of year (total assets less liabilities) | 2023-09-01 | $7,907,315 |
| Value of net assets at beginning of year (total assets less liabilities) | 2023-09-01 | $7,124,454 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2023-09-01 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2023-09-01 | No |
| Were any leases to which the plan was party in default or uncollectible | 2023-09-01 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2023-09-01 | $6,656,332 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2023-09-01 | $5,812,022 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2023-09-01 | $1,029,574 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2023-09-01 | $1,079,451 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2023-09-01 | $1,202,918 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2023-09-01 | No |
| Was there a failure to transmit to the plan any participant contributions | 2023-09-01 | No |
| Has the plan failed to provide any benefit when due under the plan | 2023-09-01 | No |
| Contributions received in cash from employer | 2023-09-01 | $221,409 |
| Employer contributions (assets) at end of year | 2023-09-01 | $221,409 |
| Employer contributions (assets) at beginning of year | 2023-09-01 | $232,981 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2023-09-01 | $946,879 |
| Did the plan have assets held for investment | 2023-09-01 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-09-01 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2023-09-01 | No |
| Opinion of an independent qualified public accountant for this plan | 2023-09-01 | 1 |
| Accountancy firm name | 2023-09-01 | FORVIS MAZARS, LLP |
| Accountancy firm EIN | 2023-09-01 | 440160260 |
| Total unrealized appreciation/depreciation of assets | 2023-08-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-08-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-08-31 | $0 |
| Total income from all sources (including contributions) | 2023-08-31 | $1,254,138 |
| Total loss/gain on sale of assets | 2023-08-31 | $0 |
| Total of all expenses incurred | 2023-08-31 | $325,758 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2023-08-31 | $306,248 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2023-08-31 | $552,601 |
| Value of total assets at end of year | 2023-08-31 | $7,124,454 |
| Value of total assets at beginning of year | 2023-08-31 | $6,196,074 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2023-08-31 | $19,510 |
| Total interest from all sources | 2023-08-31 | $0 |
| Total dividends received (eg from common stock, registered investment company shares) | 2023-08-31 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2023-08-31 | No |
| Administrative expenses professional fees incurred | 2023-08-31 | $19,510 |
| Was this plan covered by a fidelity bond | 2023-08-31 | Yes |
| Value of fidelity bond cover | 2023-08-31 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2023-08-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2023-08-31 | No |
| Contributions received from participants | 2023-08-31 | $318,087 |
| Participant contributions at end of year | 2023-08-31 | $0 |
| Participant contributions at beginning of year | 2023-08-31 | $0 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2023-08-31 | $1,533 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2023-08-31 | $0 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2023-08-31 | $0 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-08-31 | No |
| Value of net income/loss | 2023-08-31 | $928,380 |
| Value of net assets at end of year (total assets less liabilities) | 2023-08-31 | $7,124,454 |
| Value of net assets at beginning of year (total assets less liabilities) | 2023-08-31 | $6,196,074 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2023-08-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2023-08-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2023-08-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2023-08-31 | $5,812,022 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2023-08-31 | $4,980,542 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2023-08-31 | $1,079,451 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2023-08-31 | $991,869 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2023-08-31 | $675,077 |
| Net investment gain/loss from pooled separate accounts | 2023-08-31 | $26,460 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2023-08-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2023-08-31 | Yes |
| Has the plan failed to provide any benefit when due under the plan | 2023-08-31 | No |
| Contributions received in cash from employer | 2023-08-31 | $232,981 |
| Employer contributions (assets) at end of year | 2023-08-31 | $232,981 |
| Employer contributions (assets) at beginning of year | 2023-08-31 | $223,663 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2023-08-31 | $306,248 |
| Did the plan have assets held for investment | 2023-08-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-08-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2023-08-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2023-08-31 | Unqualified |
| Accountancy firm name | 2023-08-31 | KRUGGEL, LAWTON & CO, LLC |
| Accountancy firm EIN | 2023-08-31 | 351307701 |
| 2022 : INDUSTRIAL FEDERAL CREDIT UNION 401(K)PLAN 2022 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2022-09-01 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-09-01 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-09-01 | $0 |
| Total income from all sources (including contributions) | 2022-09-01 | $1,254,138 |
| Total loss/gain on sale of assets | 2022-09-01 | $0 |
| Total of all expenses incurred | 2022-09-01 | $325,758 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-09-01 | $306,248 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-09-01 | $552,601 |
| Value of total assets at end of year | 2022-09-01 | $7,124,454 |
| Value of total assets at beginning of year | 2022-09-01 | $6,196,074 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-09-01 | $19,510 |
| Total interest from all sources | 2022-09-01 | $0 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-09-01 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-09-01 | No |
| Administrative expenses professional fees incurred | 2022-09-01 | $19,510 |
| Was this plan covered by a fidelity bond | 2022-09-01 | Yes |
| Value of fidelity bond cover | 2022-09-01 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2022-09-01 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2022-09-01 | No |
| Contributions received from participants | 2022-09-01 | $318,087 |
| Participant contributions at end of year | 2022-09-01 | $0 |
| Participant contributions at beginning of year | 2022-09-01 | $0 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2022-09-01 | $1,533 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2022-09-01 | $0 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2022-09-01 | $0 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-09-01 | No |
| Value of net income/loss | 2022-09-01 | $928,380 |
| Value of net assets at end of year (total assets less liabilities) | 2022-09-01 | $7,124,454 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-09-01 | $6,196,074 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-09-01 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-09-01 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-09-01 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-09-01 | $5,812,022 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-09-01 | $4,980,542 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2022-09-01 | $1,079,451 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2022-09-01 | $991,869 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-09-01 | $675,077 |
| Net investment gain/loss from pooled separate accounts | 2022-09-01 | $26,460 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-09-01 | No |
| Was there a failure to transmit to the plan any participant contributions | 2022-09-01 | Yes |
| Has the plan failed to provide any benefit when due under the plan | 2022-09-01 | No |
| Contributions received in cash from employer | 2022-09-01 | $232,981 |
| Employer contributions (assets) at end of year | 2022-09-01 | $232,981 |
| Employer contributions (assets) at beginning of year | 2022-09-01 | $223,663 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-09-01 | $306,248 |
| Did the plan have assets held for investment | 2022-09-01 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-09-01 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-09-01 | No |
| Opinion of an independent qualified public accountant for this plan | 2022-09-01 | 1 |
| Accountancy firm name | 2022-09-01 | KRUGGEL, LAWTON & CO, LLC |
| Accountancy firm EIN | 2022-09-01 | 351307701 |
| Total unrealized appreciation/depreciation of assets | 2022-08-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-08-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-08-31 | $1,831 |
| Total income from all sources (including contributions) | 2022-08-31 | $-190,597 |
| Total loss/gain on sale of assets | 2022-08-31 | $0 |
| Total of all expenses incurred | 2022-08-31 | $699,671 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-08-31 | $654,722 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-08-31 | $682,111 |
| Value of total assets at end of year | 2022-08-31 | $6,196,074 |
| Value of total assets at beginning of year | 2022-08-31 | $7,088,173 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-08-31 | $44,949 |
| Total interest from all sources | 2022-08-31 | $32,007 |
| Total dividends received (eg from common stock, registered investment company shares) | 2022-08-31 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-08-31 | No |
| Administrative expenses professional fees incurred | 2022-08-31 | $44,949 |
| Was this plan covered by a fidelity bond | 2022-08-31 | Yes |
| Value of fidelity bond cover | 2022-08-31 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2022-08-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2022-08-31 | No |
| Contributions received from participants | 2022-08-31 | $319,746 |
| Participant contributions at end of year | 2022-08-31 | $0 |
| Participant contributions at beginning of year | 2022-08-31 | $0 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2022-08-31 | $138,702 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2022-08-31 | $0 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2022-08-31 | $0 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2022-08-31 | $0 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year | 2022-08-31 | $1,831 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-08-31 | No |
| Value of net income/loss | 2022-08-31 | $-890,268 |
| Value of net assets at end of year (total assets less liabilities) | 2022-08-31 | $6,196,074 |
| Value of net assets at beginning of year (total assets less liabilities) | 2022-08-31 | $7,086,342 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-08-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2022-08-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2022-08-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-08-31 | $4,980,542 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-08-31 | $5,450,940 |
| Interest earned on other investments | 2022-08-31 | $32,007 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2022-08-31 | $991,869 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2022-08-31 | $1,421,554 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-08-31 | $-904,715 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-08-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2022-08-31 | Yes |
| Has the plan failed to provide any benefit when due under the plan | 2022-08-31 | No |
| Contributions received in cash from employer | 2022-08-31 | $223,663 |
| Employer contributions (assets) at end of year | 2022-08-31 | $223,663 |
| Employer contributions (assets) at beginning of year | 2022-08-31 | $215,679 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-08-31 | $654,722 |
| Did the plan have assets held for investment | 2022-08-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-08-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-08-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2022-08-31 | Unqualified |
| Accountancy firm name | 2022-08-31 | KRUGGEL, LAWTON & CO, LLC |
| Accountancy firm EIN | 2022-08-31 | 351307701 |
| 2021 : INDUSTRIAL FEDERAL CREDIT UNION 401(K)PLAN 2021 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2021-08-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-08-31 | $1,831 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2021-08-31 | $0 |
| Total income from all sources (including contributions) | 2021-08-31 | $1,694,274 |
| Total loss/gain on sale of assets | 2021-08-31 | $0 |
| Total of all expenses incurred | 2021-08-31 | $123,481 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2021-08-31 | $77,863 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2021-08-31 | $521,941 |
| Value of total assets at end of year | 2021-08-31 | $7,088,173 |
| Value of total assets at beginning of year | 2021-08-31 | $5,515,549 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2021-08-31 | $45,618 |
| Total interest from all sources | 2021-08-31 | $41,756 |
| Total dividends received (eg from common stock, registered investment company shares) | 2021-08-31 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2021-08-31 | No |
| Administrative expenses professional fees incurred | 2021-08-31 | $45,618 |
| Was this plan covered by a fidelity bond | 2021-08-31 | Yes |
| Value of fidelity bond cover | 2021-08-31 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2021-08-31 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2021-08-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2021-08-31 | No |
| Contributions received from participants | 2021-08-31 | $298,078 |
| Participant contributions at end of year | 2021-08-31 | $0 |
| Participant contributions at beginning of year | 2021-08-31 | $10,208 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2021-08-31 | $8,184 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2021-08-31 | $0 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2021-08-31 | $0 |
| Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year | 2021-08-31 | $1,831 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-08-31 | No |
| Value of net income/loss | 2021-08-31 | $1,570,793 |
| Value of net assets at end of year (total assets less liabilities) | 2021-08-31 | $7,086,342 |
| Value of net assets at beginning of year (total assets less liabilities) | 2021-08-31 | $5,515,549 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2021-08-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2021-08-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2021-08-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2021-08-31 | $5,450,940 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2021-08-31 | $4,272,444 |
| Interest earned on other investments | 2021-08-31 | $41,756 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2021-08-31 | $1,421,554 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2021-08-31 | $1,031,494 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2021-08-31 | $1,130,577 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2021-08-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2021-08-31 | Yes |
| Has the plan failed to provide any benefit when due under the plan | 2021-08-31 | No |
| Contributions received in cash from employer | 2021-08-31 | $215,679 |
| Employer contributions (assets) at end of year | 2021-08-31 | $215,679 |
| Employer contributions (assets) at beginning of year | 2021-08-31 | $201,403 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2021-08-31 | $77,863 |
| Did the plan have assets held for investment | 2021-08-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2021-08-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2021-08-31 | No |
| Opinion of an independent qualified public accountant for this plan | 2021-08-31 | Disclaimer |
| Accountancy firm name | 2021-08-31 | KRUGGEL, LAWTON & CO, LLC |
| Accountancy firm EIN | 2021-08-31 | 351307701 |
| 2020 : INDUSTRIAL FEDERAL CREDIT UNION 401(K)PLAN 2020 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2020-08-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-08-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2020-08-31 | $0 |
| Total income from all sources (including contributions) | 2020-08-31 | $1,196,141 |
| Total loss/gain on sale of assets | 2020-08-31 | $0 |
| Total of all expenses incurred | 2020-08-31 | $161,127 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2020-08-31 | $124,319 |
| Value of total corrective distributions | 2020-08-31 | $55 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2020-08-31 | $476,467 |
| Value of total assets at end of year | 2020-08-31 | $5,515,549 |
| Value of total assets at beginning of year | 2020-08-31 | $4,480,535 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2020-08-31 | $36,753 |
| Total interest from all sources | 2020-08-31 | $25,496 |
| Total dividends received (eg from common stock, registered investment company shares) | 2020-08-31 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2020-08-31 | No |
| Administrative expenses professional fees incurred | 2020-08-31 | $36,753 |
| Was this plan covered by a fidelity bond | 2020-08-31 | Yes |
| Value of fidelity bond cover | 2020-08-31 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2020-08-31 | No |
| Were there any nonexempt tranactions with any party-in-interest | 2020-08-31 | No |
| Contributions received from participants | 2020-08-31 | $273,895 |
| Participant contributions at end of year | 2020-08-31 | $10,208 |
| Participant contributions at beginning of year | 2020-08-31 | $0 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2020-08-31 | $1,169 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2020-08-31 | $0 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2020-08-31 | $0 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-08-31 | No |
| Value of net income/loss | 2020-08-31 | $1,035,014 |
| Value of net assets at end of year (total assets less liabilities) | 2020-08-31 | $5,515,549 |
| Value of net assets at beginning of year (total assets less liabilities) | 2020-08-31 | $4,480,535 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2020-08-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2020-08-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2020-08-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2020-08-31 | $4,272,444 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2020-08-31 | $3,565,829 |
| Interest earned on other investments | 2020-08-31 | $25,496 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2020-08-31 | $1,031,494 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2020-08-31 | $732,082 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2020-08-31 | $694,178 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2020-08-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2020-08-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2020-08-31 | No |
| Contributions received in cash from employer | 2020-08-31 | $201,403 |
| Employer contributions (assets) at end of year | 2020-08-31 | $201,403 |
| Employer contributions (assets) at beginning of year | 2020-08-31 | $182,624 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2020-08-31 | $124,319 |
| Did the plan have assets held for investment | 2020-08-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2020-08-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2020-08-31 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2020-08-31 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2020-08-31 | Disclaimer |
| Accountancy firm name | 2020-08-31 | KRUGGEL, LAWTON & CO, LLC |
| Accountancy firm EIN | 2020-08-31 | 351307701 |
| 2019 : INDUSTRIAL FEDERAL CREDIT UNION 401(K)PLAN 2019 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2019-08-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2019-08-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2019-08-31 | $0 |
| Total income from all sources (including contributions) | 2019-08-31 | $582,392 |
| Total loss/gain on sale of assets | 2019-08-31 | $0 |
| Total of all expenses incurred | 2019-08-31 | $327,380 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2019-08-31 | $292,258 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2019-08-31 | $448,948 |
| Value of total assets at end of year | 2019-08-31 | $4,480,535 |
| Value of total assets at beginning of year | 2019-08-31 | $4,225,523 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2019-08-31 | $35,122 |
| Total interest from all sources | 2019-08-31 | $23,204 |
| Total dividends received (eg from common stock, registered investment company shares) | 2019-08-31 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2019-08-31 | No |
| Administrative expenses professional fees incurred | 2019-08-31 | $35,122 |
| Was this plan covered by a fidelity bond | 2019-08-31 | Yes |
| Value of fidelity bond cover | 2019-08-31 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2019-08-31 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2019-08-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2019-08-31 | No |
| Contributions received from participants | 2019-08-31 | $241,910 |
| Participant contributions at end of year | 2019-08-31 | $0 |
| Participant contributions at beginning of year | 2019-08-31 | $0 |
| Income. Received or receivable in cash from other sources (including rollovers) | 2019-08-31 | $24,414 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2019-08-31 | $0 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2019-08-31 | $0 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2019-08-31 | No |
| Value of net income/loss | 2019-08-31 | $255,012 |
| Value of net assets at end of year (total assets less liabilities) | 2019-08-31 | $4,480,535 |
| Value of net assets at beginning of year (total assets less liabilities) | 2019-08-31 | $4,225,523 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2019-08-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2019-08-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2019-08-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2019-08-31 | $3,565,829 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2019-08-31 | $3,311,819 |
| Interest earned on other investments | 2019-08-31 | $23,204 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2019-08-31 | $732,082 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2019-08-31 | $768,973 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2019-08-31 | $110,240 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2019-08-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2019-08-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2019-08-31 | No |
| Contributions received in cash from employer | 2019-08-31 | $182,624 |
| Employer contributions (assets) at end of year | 2019-08-31 | $182,624 |
| Employer contributions (assets) at beginning of year | 2019-08-31 | $144,731 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2019-08-31 | $292,258 |
| Did the plan have assets held for investment | 2019-08-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2019-08-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2019-08-31 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2019-08-31 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2019-08-31 | Disclaimer |
| Accountancy firm name | 2019-08-31 | KRUGGEL, LAWTON & CO, LLC |
| Accountancy firm EIN | 2019-08-31 | 351307701 |
| 2018 : INDUSTRIAL FEDERAL CREDIT UNION 401(K)PLAN 2018 401k financial data |
|---|
| Total unrealized appreciation/depreciation of assets | 2018-08-31 | $0 |
| Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2018-08-31 | $0 |
| Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2018-08-31 | $0 |
| Total income from all sources (including contributions) | 2018-08-31 | $824,208 |
| Total loss/gain on sale of assets | 2018-08-31 | $0 |
| Total of all expenses incurred | 2018-08-31 | $660,819 |
| Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2018-08-31 | $625,608 |
| Value of total corrective distributions | 2018-08-31 | $317 |
| Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2018-08-31 | $358,750 |
| Value of total assets at end of year | 2018-08-31 | $4,225,523 |
| Value of total assets at beginning of year | 2018-08-31 | $4,062,134 |
| Total of administrative expenses incurred including professional, contract, advisory and management fees | 2018-08-31 | $34,894 |
| Total interest from all sources | 2018-08-31 | $27,201 |
| Total dividends received (eg from common stock, registered investment company shares) | 2018-08-31 | $0 |
| Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2018-08-31 | No |
| Administrative expenses professional fees incurred | 2018-08-31 | $34,894 |
| Was this plan covered by a fidelity bond | 2018-08-31 | Yes |
| Value of fidelity bond cover | 2018-08-31 | $500,000 |
| If this is an individual account plan, was there a blackout period | 2018-08-31 | No |
| Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2018-08-31 | $0 |
| Were there any nonexempt tranactions with any party-in-interest | 2018-08-31 | No |
| Contributions received from participants | 2018-08-31 | $214,019 |
| Participant contributions at end of year | 2018-08-31 | $0 |
| Participant contributions at beginning of year | 2018-08-31 | $691 |
| Value of other receiveables (less allowance for doubtful accounts) at end of year | 2018-08-31 | $0 |
| Value of other receiveables (less allowance for doubtful accounts) at beginning of year | 2018-08-31 | $1,978 |
| Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2018-08-31 | No |
| Value of net income/loss | 2018-08-31 | $163,389 |
| Value of net assets at end of year (total assets less liabilities) | 2018-08-31 | $4,225,523 |
| Value of net assets at beginning of year (total assets less liabilities) | 2018-08-31 | $4,062,134 |
| Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2018-08-31 | No |
| Were any loans by the plan or fixed income obligations due to the plan in default | 2018-08-31 | No |
| Were any leases to which the plan was party in default or uncollectible | 2018-08-31 | No |
| Value of interest in registered invesment companies (eg mutual funds) at end of year | 2018-08-31 | $3,311,819 |
| Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2018-08-31 | $2,880,760 |
| Interest earned on other investments | 2018-08-31 | $27,201 |
| Value of funds held in insurance company general accounts (unallocated contracts) at end of year | 2018-08-31 | $768,973 |
| Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year | 2018-08-31 | $1,015,006 |
| Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2018-08-31 | $438,257 |
| Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2018-08-31 | No |
| Was there a failure to transmit to the plan any participant contributions | 2018-08-31 | No |
| Has the plan failed to provide any benefit when due under the plan | 2018-08-31 | No |
| Contributions received in cash from employer | 2018-08-31 | $144,731 |
| Employer contributions (assets) at end of year | 2018-08-31 | $144,731 |
| Employer contributions (assets) at beginning of year | 2018-08-31 | $163,699 |
| Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2018-08-31 | $625,608 |
| Did the plan have assets held for investment | 2018-08-31 | Yes |
| Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2018-08-31 | No |
| Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2018-08-31 | No |
| Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2018-08-31 | Yes |
| Opinion of an independent qualified public accountant for this plan | 2018-08-31 | Disclaimer |
| Accountancy firm name | 2018-08-31 | KRUGGEL, LAWTON & CO, LLC |
| Accountancy firm EIN | 2018-08-31 | 351307701 |