401(k) · DOL Form 5500 · 2022

Elga Credit Union 401(k) Plan

Data updated 2026-08-25

$20M
Total assets Small plan by assets
209
Participants Below avg headcount
77th
Percentile by assets National rank
$93,571
Avg per participant Below avg balance/head
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Official DOL plan name: Elga Credit Union Employee's 401(k) Plan · Sponsored by Elga Credit Union · Michigan · Finance & Insurance

$20M in assets, 209 participants

Elga Credit Union's Elga Credit Union Employee's 401(k) Plan reported $20M in total assets and 209 participants in its 2022 DOL Form 5500 filing, ranking in the 77th 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.

  • #5,871 in Finance & Insurance (9,261 peers)

Coverage in Michigan

Elga Credit Union Employee's 401(k) Plan covers 209 participants in Michigan, about 33% of the average Michigan filer (state average ~638 per filing). Assets: $20M.

#5,871
in Finance & Insurance (9,261 peers)
-21.8%
assets change YoY
0.2×
vs typical plan assets (national mean)

The plan reported a net loss of $5M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

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

Elga Credit Union Employee's 401(k) Plan vs every filed plan by assets

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

$19,556,256 Top 23% higher than 77% 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

Elga Credit Union Employee's 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. Elga Credit Union Employee's 401(k) Plan sits mid-pack in the medium band (209 participants).

DOL schedule card

Filing strip 381441242 · Elga Credit Union PY 2022 · 401(k)

Elga Credit Union Employee's 401(k) Plan · $20M · 209 · 77th

  • ASSETS $20M
  • ASSETS 209
  • ASSETS 77th
  • ASSETS 401(k)
  • ASSETS near Employees' 401(k) Plan of Tayco Engineering, Inc.
  • ASSETS ind #5871

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 →

Elga Credit Union Employee's 401(k) Plan in the asset neighbourhood

Elga Credit Union Employee's 401(k) PlanElga Credit Union Employee's…$20MEmployees' 401(k) Plan of Tayco Engineering, Inc.Employees' 401(k) Plan of Ta…$20ME & a Consulting Group, Inc. 401(k) FlexibleE & a Consulting Group, Inc.…$20MSana Biotechnology, Inc 401(k) PlanSana Biotechnology, Inc 401(…$20MCyracom International, Inc. 401(k) & Profit Sharing PlanCyracom International, Inc. …$20M
End-of-year total assets ($M) among Elga Credit Union Employee's 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Michigan filing particulars

Total Assets (Beginning of Year)$25M
Net Assets (End of Year)$20M
Net Income-$5M
Employer EIN381441242
Plan Effective Date1982-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Elga Credit Union)

Sponsor-wide plan assets over time

All Elga Credit Union plans reported in each filing year

Latest sponsor-wide plan assets
$29M 50.77404897951837% vs 2022
2024 filing year
$15M$20M$25M$30M$35M 202220232024 $19.6M $29.5M ▲ +50.8%
Year Plans Participants Total Assets
2022 1 209 $20M
2023 1 220 $25M
2024 1 280 $29M

Nearby 401(k) Plans in Michigan

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

Elga Credit Union Employee's 401(k) Plan vs. nearby 401(k) plans in Michigan, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -505101520 Total assets ($B) Participants Elga Credit Union Employee's 401(k) Plan, Total assets ($B): 0.019556256 · Participants: 209Elga Credit Union Employee's 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
Elga Credit Union Employee's 401(k) Plan vs. nearby 401(k) plans in Michigan, assets vs. participants
Compare Elga Credit Union Employee's 401(k) Plan side-by-side with 3 peers →

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

Outside Michigan, the nearest 401(k) by assets is Employees' 401(k) Plan of Tayco Engineering, Inc. in CA ($20M); by covered participants it is Com Av,LLC 401(k) Profit Sharing Plan in CA (209 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (209 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 Elga Credit Union Employee's 401(k) Plan assets move in 2022? ▼
Elga Credit Union Employee's 401(k) Plan declined sharply - down 21.8% during 2022, from $25M to $20M. Reported net income was -$5M.
How have Elga Credit Union plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Elga Credit Union's sponsor-wide assets grew 50.8%, from $20M to $29M.
Where does Elga Credit Union Employee's 401(k) Plan rank by assets among Form 5500 filers? ▼
Elga Credit Union Employee's 401(k) Plan ranks in the 77th 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 Elga Credit Union Employee's 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Employees' 401(k) Plan of Tayco Engineering, Inc. in CA ($20M, 104 participants).
Which 401(k) plans cover a similar participant headcount to Elga Credit Union Employee's 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Com Av,LLC 401(k) Profit Sharing Plan in CA (209 participants, N/A 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 381441242.

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.