401(k) · DOL Form 5500 · 2022

Honor Credit Union 401(k) Plan

Data updated 2026-08-25

$29M
Total assets Below avg plan size
355
Participants Below avg headcount
82nd
Percentile by assets National rank
$80,850
Avg per participant Below avg balance/head
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Official DOL plan name: Honor Credit Union 401(k) Plan · Sponsored by Honor Credit Union · Michigan · Finance & Insurance

$29M in assets, 355 participants

Honor Credit Union's Honor Credit Union 401(k) Plan reported $29M in total assets and 355 participants in its 2022 DOL Form 5500 filing, ranking in the 82nd percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #6,619 in Finance & Insurance (9,261 peers)

Where Honor Credit Union 401(k) Plan sits by assets

Honor Credit Union 401(k) Plan sits in the top quartile of all filed plans by assets, $29M for 355 participants (~$80,850/participant), down 12.2% in 2022.

#6,619
in Finance & Insurance (9,261 peers)
-12.2%
assets change YoY
0.3×
vs typical plan assets (national mean)

The plan reported a net loss of $4M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Honor Credit Union 401(k) Plan's outsized position by total assets

Honor Credit Union 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$28,701,723 Top 18% higher than 82% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Honor Credit Union 401(k) Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Honor Credit Union 401(k) Plan sits mid-pack in the medium band (355 participants).

EBSA filing schedule strip

Filing strip 381231023 · Honor Credit Union PY 2022 · 401(k)

Honor Credit Union 401(k) Plan · $29M · 355 · 82nd

  • PCT $29M
  • EIN 355
  • RANK 82nd
  • PHOTO 401(k)
  • IND near Wb Holdings, Inc. 401(k) Plan
  • EOY ind #6619

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Finance & Insurance retirement plans → · Plans in Michigan →

Honor Credit Union 401(k) Plan in the asset neighbourhood

Ste. Michelle Wine Estates Ltd. 401(k) PlanSte. Michelle Wine Estates L…$29MHonor Credit Union 401(k) PlanHonor Credit Union 401(k) Pl…$29MWb Holdings, Inc. 401(k) Plan$29MTca 401(k) Retirement Savings PlanTca 401(k) Retirement Saving…$29MHuvepharma Inc 401(k) Profit Sharing Plan and TrustHuvepharma Inc 401(k) Profit…$29M
End-of-year total assets ($M) among Honor Credit Union 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$33M
Net Assets (End of Year)$29M
Net Income-$4M
Employer EIN381231023
Plan Effective Date1997-09-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Honor Credit Union)

Sponsor-wide plan assets over time

All Honor Credit Union plans reported in each filing year

Latest sponsor-wide plan assets
$41M 42.42489553675924% vs 2022
2024 filing year
$25M$30M$35M$40M$45M 202220232024 $28.7M $40.9M ▲ +42.4%
Year Plans Participants Total Assets
2022 1 355 $29M
2023 1 380 $35M
2024 1 428 $41M

Nearby 401(k) Plans in Michigan

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Honor Credit Union 401(k) Plan vs. nearby 401(k) plans in Michigan, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -505101520 Total assets ($B) Participants Honor Credit Union 401(k) Plan, Total assets ($B): 0.028701723 · Participants: 355Honor Credit Union 401(k) PlanGeneral Motors Retirement Savings Plan for Salaried Employees in the United States, Total assets ($B): 18.071817726 · Participants: 43382General Motors Retirement Savings Plan for Salaried Employees in the United StatesFord Motor Co. Savings and Stock Investment Plan for Salaried Employees, Total assets ($B): 13.833597622 · Participants: 32974Ford Motor Co. Savings and Stock Investment Plan for Salaried EmployeesThe Dow Chemical Company Employees' Savings Plan, Total assets ($B): 9.307640951 · Participants: 16930The Dow Chemical Company Employees' Savings PlanThe General Motors Personal Savings Plan for Hourly-Rate Employees in the United States, Total assets ($B): 7.545889119 · Participants: 40458The General Motors Personal Savings Plan for Hourly-Rate Employees in the United StatesFord Motor Co. Tax-Efficient Savings Plan for Hourly Employees, Total assets ($B): 6.44558193 · Participants: 57811Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees
Honor Credit Union 401(k) Plan vs. nearby 401(k) plans in Michigan, assets vs. participants
Compare Honor Credit Union 401(k) Plan side-by-side with 3 peers →

Honor Credit Union 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Michigan, the nearest 401(k) by assets is Wb Holdings, Inc. 401(k) Plan in WI ($29M); by covered participants it is Amazing Grace Personal Care Services 401(k) Profit Sharing Plan and Trust in NM (355 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($29M here).

Similar participant headcount

Nearest other-state filings by covered participants (355 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Honor Credit Union 401(k) Plan assets move in 2022? ▼
Honor Credit Union 401(k) Plan pulled back noticeably - down 12.2% during 2022, from $33M to $29M. Reported net income was -$4M.
How have Honor Credit Union plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Honor Credit Union's sponsor-wide assets grew 42.4%, from $29M to $41M.
Where does Honor Credit Union 401(k) Plan rank by assets among Form 5500 filers? ▼
Honor Credit Union 401(k) Plan ranks in the 82nd percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Honor Credit Union 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Wb Holdings, Inc. 401(k) Plan in WI ($29M, 411 participants).
Which 401(k) plans cover a similar participant headcount to Honor Credit Union 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Amazing Grace Personal Care Services 401(k) Profit Sharing Plan and Trust in NM (355 participants, $87K in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 381231023.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.