401(k) · DOL Form 5500 · 2023

Honor Credit Union 401(k) Plan

Data updated 2026-08-25

$35M
Total assets Below avg plan size
380
Participants Below avg headcount
81st
Percentile by assets National rank
$92,143
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

$35M in assets, 380 participants

Honor Credit Union's Honor Credit Union 401(k) Plan reported $35M in total assets and 380 participants in its 2023 DOL Form 5500 filing, ranking in the 81st 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.

  • #6,339 in Finance & Insurance (8,869 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, $35M for 380 participants (~$92,143/participant), up 22.0% in 2023.

#6,339
in Finance & Insurance (8,869 peers)
+22.0%
assets growth YoY
0.4×
vs typical plan assets (national mean)

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 2023 · DOL Form 5500

$35,014,222 Top 19% higher than 81% of 127,068 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 2023

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

Plan-year 2023 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 (380 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Honor Credit Union 401(k) Plan reported net income rose from -$4M in the plan year 2022 filing to $6M in the plan year 2023 filing.
  • Honor Credit Union 401(k) Plan end-of-year assets rose from $29M in the plan year 2022 filing to $35M in the plan year 2023 filing.
  • Honor Credit Union 401(k) Plan reported participants rose from 355 in the plan year 2022 filing to 380 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 381231023 · Honor Credit Union PY 2023 · 401(k)

Honor Credit Union 401(k) Plan · $35M · 380 · 81st

  • SCH $35M
  • EBSA 380
  • PART 81st
  • TYPE 401(k)
  • NET near Kidney Specialists of Southern Nevada 401(k) Profit Sharing Plan
  • BOOK ind #6339

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

Santiam Memorial Hospital 401(k) Retirement PlanSantiam Memorial Hospital 40…$35MHonor Credit Union 401(k) PlanHonor Credit Union 401(k) Pl…$35MKidney Specialists of Southern Nevada 401(k) Profit Sharing PlanKidney Specialists of Southe…$35MEmery Sapp 401(k) Plan$35MOrthoalaska, LLC 401(k) Retirement PlanOrthoalaska, LLC 401(k) Reti…$35M
End-of-year total assets ($M) among Honor Credit Union 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$29M
Net Assets (End of Year)$35M
Net Income$6M
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 -50510152025 Total assets ($B) Participants Honor Credit Union 401(k) Plan, Total assets ($B): 0.035014222 · Participants: 380Honor Credit Union 401(k) PlanGeneral Motors Retirement Savings Plan for Salaried Employees in the United States, Total assets ($B): 20.378449285 · Participants: 47299General Motors Retirement Savings Plan for Salaried Employees in the United StatesFord Motor Co. Savings and Stock Investment Plan for Salaried Employees, Total assets ($B): 15.588575271 · Participants: 30516Ford Motor Co. Savings and Stock Investment Plan for Salaried EmployeesThe Dow Chemical Company Employees' Savings Plan, Total assets ($B): 10.084842211 · Participants: 18088The Dow Chemical Company Employees' Savings PlanThe General Motors Personal Savings Plan for Hourly-Rate Employees in the United States, Total assets ($B): 8.580684909 · Participants: 40393The 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): 7.617084451 · Participants: 59195Ford 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 Kidney Specialists of Southern Nevada 401(k) Profit Sharing Plan in NV ($35M); by covered participants it is Midwest Radiology P.a. Profit Sharing Plan in MN (380 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (380 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. 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 2023? ▼
Honor Credit Union 401(k) Plan grew sharply - up 22.0% during 2023, from $29M to $35M. Reported net income was $6M.
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 81st percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (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 Kidney Specialists of Southern Nevada 401(k) Profit Sharing Plan in NV ($35M, 113 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 Midwest Radiology P.a. Profit Sharing Plan in MN (380 participants, $275M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

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.