401k Plan data: CAROLINA TRUST FEDERAL CREDIT UNION 401(K) PLAN plan

CAROLINA TRUST FEDERAL CREDIT UNION 401(K) PLAN 401k Plan overview

Plan Name	CAROLINA TRUST FEDERAL CREDIT UNION 401(K) PLAN
Plan identification number	002

CAROLINA TRUST FEDERAL CREDIT UNION 401(K) PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
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.
Prototype plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion or notification letter; and under which a seperate funding medium (for example, a seperate trust or custodial account) is established for the use of each adopting employer.

401k Sponsoring company profile

CAROLINA TRUST FEDERAL CREDIT UNION has sponsored the creation of one or more 401k plans.

Company Name: CAROLINA TRUST FEDERAL CREDIT UNION

Employer identification number (EIN): 570385048

NAIC Classification: 522130
NAIC Description: Credit Unions

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CAROLINA TRUST FEDERAL CREDIT UNION 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2023-01-01
002 2022-01-01
002 2021-01-01
002 2020-01-01
002 2019-01-01
002 2018-01-01
002 2017-01-01
002 2016-01-01 SELMA REBURN 2017-06-27
002 2015-01-01 JERRY MILLER 2016-07-11
002 2014-01-01 JERRY MILLER 2015-06-23
002 2013-01-01 JERRY MILLER 2014-06-09
002 2012-01-01 JERRY MILLER 2013-07-01
002 2011-01-01 JERRY MILLER 2012-07-13
002 2010-01-01 JERRY MILLER 2011-07-20
002 2007-01-01 JERRY MILLER

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
002	2023-01-01
002	2022-01-01
002	2021-01-01
002	2020-01-01
002	2019-01-01
002	2018-01-01
002	2017-01-01
002	2016-01-01	SELMA REBURN	2017-06-27
002	2015-01-01	JERRY MILLER	2016-07-11
002	2014-01-01	JERRY MILLER	2015-06-23
002	2013-01-01	JERRY MILLER	2014-06-09
002	2012-01-01	JERRY MILLER	2013-07-01
002	2011-01-01	JERRY MILLER	2012-07-13
002	2010-01-01	JERRY MILLER	2011-07-20
002	2007-01-01	JERRY MILLER

Plan Statistics for CAROLINA TRUST FEDERAL CREDIT UNION 401(K) PLAN

401k plan membership statisitcs for CAROLINA TRUST FEDERAL CREDIT UNION 401(K) PLAN

Measure Date Value
2025: CAROLINA TRUST FEDERAL CREDIT UNION 401(K) PLAN 2025 401k membership
Total number of particpants at beginning of year 2025-08-05 106
Total number of particpants at end of year 2025-08-05 106
Number of Participants With Account Balances 2025-08-05 106
2024: CAROLINA TRUST FEDERAL CREDIT UNION 401(K) PLAN 2024 401k membership
Total number of particpants at beginning of year 2024-07-18 102
Total number of particpants at end of year 2024-07-18 105
Number of Participants With Account Balances 2024-07-18 105
2022: CAROLINA TRUST FEDERAL CREDIT UNION 401(K) PLAN 2022 401k membership
Total number of particpants at beginning of year 2022-07-25 101
Total number of particpants at end of year 2022-07-25 93
Number of Participants With Account Balances 2022-07-25 92
2007: CAROLINA TRUST FEDERAL CREDIT UNION 401(K) PLAN 2007 401k membership
Total participants, beginning-of-year 2007-01-01 57
Total number of active participants reported on line 7a of the Form 5500 2007-01-01 42
Number of retired or separated participants receiving benefits 2007-01-01 0
Number of other retired or separated participants entitled to future benefits 2007-01-01 14
Total of all active and inactive participants 2007-01-01 56
Total participants 2007-01-01 56
Number of participants with account balances 2007-01-01 1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2007-01-01 3

Measure	Date	Value
2025: CAROLINA TRUST FEDERAL CREDIT UNION 401(K) PLAN 2025 401k membership
Total number of particpants at beginning of year	2025-08-05	106
Total number of particpants at end of year	2025-08-05	106
Number of Participants With Account Balances	2025-08-05	106
2024: CAROLINA TRUST FEDERAL CREDIT UNION 401(K) PLAN 2024 401k membership
Total number of particpants at beginning of year	2024-07-18	102
Total number of particpants at end of year	2024-07-18	105
Number of Participants With Account Balances	2024-07-18	105
2022: CAROLINA TRUST FEDERAL CREDIT UNION 401(K) PLAN 2022 401k membership
Total number of particpants at beginning of year	2022-07-25	101
Total number of particpants at end of year	2022-07-25	93
Number of Participants With Account Balances	2022-07-25	92
2007: CAROLINA TRUST FEDERAL CREDIT UNION 401(K) PLAN 2007 401k membership
Total participants, beginning-of-year	2007-01-01	57
Total number of active participants reported on line 7a of the Form 5500	2007-01-01	42
Number of retired or separated participants receiving benefits	2007-01-01	0
Number of other retired or separated participants entitled to future benefits	2007-01-01	14
Total of all active and inactive participants	2007-01-01	56
Total participants	2007-01-01	56
Number of participants with account balances	2007-01-01	1
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2007-01-01	3

Financial Data on CAROLINA TRUST FEDERAL CREDIT UNION 401(K) PLAN

Measure	Date	Value
2025 : CAROLINA TRUST FEDERAL CREDIT UNION 401(K) PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year	2025-08-05	993841
Net assets as of the end of the plan year	2025-08-05	8247432
Total assets as of the beginning of the plan year	2025-08-05	7326087
Value of plan covered by a fidelity bond	2025-08-05	5000000
Participant contributions to plan in this plan year	2025-08-05	399885
Value of participant loans at end of plan year	2025-08-05	39955
Other contributions to plan in this plan year	2025-08-05	0
Other income to plan in this plan year	2025-08-05	871685
Plan net income in this plan year	2025-08-05	921345
Net assets as of the end of the plan year	2025-08-05	8247432
Net assets as of the beginning of the plan year	2025-08-05	7326087
Employer contributions to plan in this plan year	2025-08-05	643616
Fees paid to broker by Benefit Provider	2025-08-05	31333
Expensese paid to adminstrative service provicers from plan in this plan year	2025-08-05	4768
2024 : CAROLINA TRUST FEDERAL CREDIT UNION 401(K) PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year	2024-07-18	761680
Net assets as of the end of the plan year	2024-07-18	7326087
Total assets as of the beginning of the plan year	2024-07-18	6355266
Value of plan covered by a fidelity bond	2024-07-18	5000000
Participant contributions to plan in this plan year	2024-07-18	320040
Value of participant loans at end of plan year	2024-07-18	35989
Other contributions to plan in this plan year	2024-07-18	47624
Other income to plan in this plan year	2024-07-18	872457
Plan net income in this plan year	2024-07-18	970821
Net assets as of the end of the plan year	2024-07-18	7326087
Net assets as of the beginning of the plan year	2024-07-18	6355266
Employer contributions to plan in this plan year	2024-07-18	492380
Fees paid to broker by Benefit Provider	2024-07-18	26188
Expensese paid to adminstrative service provicers from plan in this plan year	2024-07-18	4352
2022 : CAROLINA TRUST FEDERAL CREDIT UNION 401(K) PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year	2022-07-25	298704
Net assets as of the end of the plan year	2022-07-25	6961094
Total assets as of the beginning of the plan year	2022-07-25	5958217
Value of plan covered by a fidelity bond	2022-07-25	5000000
Participant contributions to plan in this plan year	2022-07-25	257706
Value of participant loans at end of plan year	2022-07-25	90870
Other income to plan in this plan year	2022-07-25	713793
Plan net income in this plan year	2022-07-25	1002877
Net assets as of the end of the plan year	2022-07-25	6961094
Net assets as of the beginning of the plan year	2022-07-25	5958217
Employer contributions to plan in this plan year	2022-07-25	330082
Fees paid to broker by Benefit Provider	2022-07-25	24473
Expensese paid to adminstrative service provicers from plan in this plan year	2022-07-25	5272
2007 : CAROLINA TRUST FEDERAL CREDIT UNION 401(K) PLAN 2007 401k financial data
Total income from all sources	2007-12-31	$338,765
Expenses. Total of all expenses incurred	2007-12-31	$181,543
Benefits paid (including direct rollovers)	2007-12-31	$181,443
Total plan assets at end of year	2007-12-31	$1,782,654
Total plan assets at beginning of year	2007-12-31	$1,625,432
Value of fidelity bond covering the plan	2007-12-31	$3,250,000
Total contributions received or receivable from participants	2007-12-31	$83,193
Expenses. Other expenses not covered elsewhere	2007-12-31	$100
Other income received	2007-12-31	$105,216
Net income (gross income less expenses)	2007-12-31	$157,222
Net plan assets at end of year (total assets less liabilities)	2007-12-31	$1,782,654
Net plan assets at beginning of year (total assets less liabilities)	2007-12-31	$1,625,432
Assets. Value of participant loans	2007-12-31	$4,599
Total contributions received or receivable from employer(s)	2007-12-31	$150,356
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2007-12-31	$0

Form 5500 Responses for CAROLINA TRUST FEDERAL CREDIT UNION 401(K) PLAN

2007: CAROLINA TRUST FEDERAL CREDIT UNION 401(K) PLAN 2007 form 5500 responses
2007-01-01	Type of plan entity	Single employer plan
2007-01-01	Submission has been amended	No
2007-01-01	This submission is the final filing	No
2007-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2007-01-01	Plan is a collectively bargained plan	No
2007-01-01	Plan funding arrangement – Insurance	Yes
2007-01-01	Plan benefit arrangement – Insurance	Yes

Insurance Providers Used on plan

CUNA MUTUAL GROUP (National Association of Insurance Commissioners NAIC id number: 62626 )
Policy contract number	039-0067-3
Policy instance	1

Potentially related plans

CAROLINA TRUST BANK 401(K) RETIREMENT PLAN [EIN = 562197865]

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Company Name:	CAROLINA TRUST FEDERAL CREDIT UNION
Employer identification number (EIN):	570385048
NAIC Classification:	522130
NAIC Description:	Credit Unions