401(k) · DOL Form 5500 · 2023

State Employees' Credit Union 401(k) Plan

Data updated 2026-08-25

$1.3B
Total assets Very large vs avg
7,706
Participants Very large workforce
99th
Percentile by assets National rank
$172,348
Avg per participant Above avg balance/head
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Official DOL plan name: State Employees' Credit Union Retirement Savings Plan · Sponsored by State Employees' Credit Union · North Carolina · Finance & Insurance

$1.3B in assets, 7,706 participants

State Employees' Credit Union's State Employees' Credit Union Retirement Savings Plan reported $1.3B in total assets and 7,706 participants in its 2023 DOL Form 5500 filing, ranking in the 99th 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.

  • #8,697 in Finance & Insurance (8,869 peers)

Coverage in North Carolina

State Employees' Credit Union Retirement Savings Plan covers 7,706 participants in North Carolina, 9.4x the typical North Carolina plan (state average ~819 per filing). Assets: $1.3B.

#8,697
in Finance & Insurance (8,869 peers)
+24.2%
assets growth YoY
13×
vs typical plan assets (national mean)

State Employees' Credit Union Retirement Savings Plan's outsized position by total assets

State Employees' Credit Union Retirement Savings Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$1,328,111,998 Top 1% higher than 99% 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

State Employees' Credit Union Retirement Savings Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. State Employees' Credit Union Retirement Savings Plan lands in the large band (7,706 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • State Employees' Credit Union Retirement Savings Plan reported net income rose from -$150M in the plan year 2022 filing to $259M in the plan year 2023 filing.
  • State Employees' Credit Union Retirement Savings Plan end-of-year assets rose from $1.1B in the plan year 2022 filing to $1.3B in the plan year 2023 filing.
  • State Employees' Credit Union Retirement Savings Plan reported participants rose from 7,000 in the plan year 2022 filing to 7,706 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 560475645 · State Employees' Credit Union PY 2023 · 401(k)

State Employees' Credit Union Retirement Savings Plan · $1.3B · 7,706 · 99th

  • EIN $1.3B
  • RANK 7,706
  • PHOTO 99th
  • IND 401(k)
  • EOY near Usi 401(k) Plan
  • 5500 ind #8697

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 North Carolina →

State Employees' Credit Union Retirement Savings Plan in the asset neighbourhood

State Employees' Credit Union Retirement Savings PlanState Employees' Credit Unio…$1.3BUsi 401(k) Plan$1.3BCliftonlarsonallen LLP 401(k) Retirement PlanCliftonlarsonallen LLP 401(k…$1.3BNavistar, Inc. Retirement Accumulation PlanNavistar, Inc. Retirement Ac…$1.3BUPS/Ipa 401(k) Savings Plan$1.3B
End-of-year total assets ($B) among State Employees' Credit Union Retirement Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

North Carolina filing particulars

Total Assets (Beginning of Year)$1.1B
Net Assets (End of Year)$1.3B
Net Income$259M
Employer EIN560475645
Plan Effective Date1983-10-01
Filing StatusFILING RECEIVED

Sponsor Plan History (State Employees' Credit Union)

Sponsor-wide plan assets over time

All State Employees' Credit Union plans reported in each filing year

Latest sponsor-wide plan assets
$1.6B 46.63448491662805% vs 2022
2024 filing year
$1B$1.2B$1.4B$1.6B$1.8B 202220232024 $1.07B $1.57B ▲ +46.7%
Year Plans Participants Total Assets
2022 1 7,000 $1.1B
2023 1 7,706 $1.3B
2024 1 7,854 $1.6B

Nearby 401(k) Plans in North Carolina

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

State Employees' Credit Union Retirement Savings Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -200204060 Total assets ($B) Participants State Employees' Credit Union Retirement Savings Plan, Total assets ($B): 1.328111998 · Participants: 7706State Employees' Credit Union Retirement Savings PlanThe Bank of America 401(k) Plan, Total assets ($B): 54.848846192 · Participants: 173899The Bank of America 401(k) PlanHoneywell 401(k) Plan, Total assets ($B): 15.388124058 · Participants: 40004Honeywell 401(k) PlanDuke Energy Retirement Savings Plan, Total assets ($B): 10.354065 · Participants: 28121Duke Energy Retirement Savings PlanTruist Financial Corporation 401(k) Savings Plan, Total assets ($B): 10.120701726 · Participants: 55480Truist Financial Corporation 401(k) Savings PlanNucor Corporation Profit Sharing and Retirement Savings Plan, Total assets ($B): 8.510660989 · Participants: 24174Nucor Corporation Profit Sharing and Retirement Savings Plan
State Employees' Credit Union Retirement Savings Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare State Employees' Credit Union Retirement Savings Plan side-by-side with 3 peers →

Scale composition for State Employees' Credit Union Retirement Savings Plan

State Employees' Credit Union Retirement Savings Plan reports $1.3B in end-of-year assets across 7,706 participants (0.011% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.008% of 93,925,755 covered participants) - about $172,348 per participant (1.2x the national average assets-per-participant) . Net income for plan year 2023 was $259M.

This plan identity (EIN 560475645, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $1.1B to $1.6B (+46.6%) while covered participants moved from 7,000 to 7,854 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 7,000 $1.1B Open filing
2023 7,706 $1.3B This page
2024 · index core 7,854 $1.6B Open filing

The same sponsor also keeps 1 other index-core plan on PlainRetire:

State Employees' Credit Union Retirement Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is Usi 401(k) Plan in NY ($1.3B); by covered participants it is Spirit Aerosystems Holdings, Inc. Retirement & Savings Plan in KS (7,704 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($1.3B here).

Similar participant headcount

Nearest other-state filings by covered participants (7,706 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 State Employees' Credit Union Retirement Savings Plan assets move in 2023? ▼
State Employees' Credit Union Retirement Savings Plan grew sharply - up 24.2% during 2023, from $1.1B to $1.3B. Reported net income was $259M.
How have State Employees' Credit Union plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), State Employees' Credit Union's sponsor-wide assets grew 46.6%, from $1.1B to $1.6B.
Where does State Employees' Credit Union Retirement Savings Plan rank by assets among Form 5500 filers? ▼
State Employees' Credit Union Retirement Savings Plan ranks in the 99th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the largest 1% of all filed plans).
Which 401(k) plans are similar in size to State Employees' Credit Union Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Usi 401(k) Plan in NY ($1.3B, 9,397 participants).
Which 401(k) plans cover a similar participant headcount to State Employees' Credit Union Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Spirit Aerosystems Holdings, Inc. Retirement & Savings Plan in KS (7,704 participants, $1.2B 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 560475645.

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.