401(k) · DOL Form 5500 · 2023

Sound Credit Union 401(k) Plan

Data updated 2026-08-25

$47M
Total assets Below avg plan size
367
Participants Below avg headcount
85th
Percentile by assets National rank
$127,428
Avg per participant Near avg balance/head
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Official DOL plan name: Sound Credit Union 401(k) Retirement Savings Plan and Trust · Sponsored by Sound Credit Union · Washington · Finance & Insurance

$47M in assets, 367 participants

Sound Credit Union's Sound Credit Union 401(k) Retirement Savings Plan and Trust reported $47M in total assets and 367 participants in its 2023 DOL Form 5500 filing, ranking in the 85th 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.

  • #6,815 in Finance & Insurance (8,869 peers)

Coverage in Washington

Sound Credit Union 401(k) Retirement Savings Plan and Trust covers 367 participants in Washington, about 25% of the average Washington filer (state average ~1,476 per filing). Assets: $47M.

#6,815
in Finance & Insurance (8,869 peers)
+38.0%
assets growth YoY
0.5×
vs typical plan assets (national mean)

Sound Credit Union 401(k) Retirement Savings Plan and Trust's outsized position by total assets

Sound Credit Union 401(k) Retirement Savings Plan and Trust vs every filed plan by assets

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

$46,766,215 Top 15% higher than 85% 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

Sound Credit Union 401(k) Retirement Savings Plan and Trust 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. Sound Credit Union 401(k) Retirement Savings Plan and Trust sits mid-pack in the medium band (367 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Sound Credit Union 401(k) Retirement Savings Plan and Trust reported net income rose from -$25M in the plan year 2022 filing to $13M in the plan year 2023 filing.
  • Sound Credit Union 401(k) Retirement Savings Plan and Trust end-of-year assets rose from $34M in the plan year 2022 filing to $47M in the plan year 2023 filing.
  • Sound Credit Union 401(k) Retirement Savings Plan and Trust reported participants rose from 354 in the plan year 2022 filing to 367 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 910557925 · Sound Credit Union PY 2023 · 401(k)

Sound Credit Union 401(k) Retirement Savings Plan and Trust · $47M · 367 · 85th

  • PHOTO $47M
  • PHOTO 367
  • PHOTO 85th
  • PHOTO 401(k)
  • PHOTO near Raleigh Neurology Associates, P.a. 401(k) Profit Sharing Plan
  • PHOTO ind #6815

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 Washington →

Sound Credit Union 401(k) Retirement Savings Plan and Trust in the asset neighbourhood

Sound Credit Union 401(k) Retirement Savings Plan and TrustSound Credit Union 401(k) Re…$47MMai Wealth Management Employee 401(k) Savings PlanMai Wealth Management Employ…$47MTry-It Distributing Company, Inc & Subsidiaries Cash or Deferred PlanTry-It Distributing Company,…$47MRaleigh Neurology Associates, P.a. 401(k) Profit Sharing PlanRaleigh Neurology Associates…$47MJoeris General Contractors, Ltd. 401(k) Retirement PlanJoeris General Contractors, …$47M
End-of-year total assets ($M) among Sound Credit Union 401(k) Retirement Savings Plan and Trust and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Washington filing particulars

Total Assets (Beginning of Year)$34M
Net Assets (End of Year)$47M
Net Income$13M
Employer EIN910557925
Plan Effective Date1998-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Sound Credit Union)

Sponsor-wide plan assets over time

All Sound Credit Union plans reported in each filing year

Latest sponsor-wide plan assets
$58M 72.14586475580656% vs 2022
2024 filing year
$30M$40M$50M$60M$70M 202220232024 $33.9M $58.3M ▲ +72.1%
Year Plans Participants Total Assets
2022 1 354 $34M
2023 1 367 $47M
2024 1 402 $58M

Nearby 401(k) Plans in Washington

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

Sound Credit Union 401(k) Retirement Savings Plan and Trust vs. nearby 401(k) plans in Washington, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000250000 -20020406080 Total assets ($B) Participants Sound Credit Union 401(k) Retirement Savings Plan and Trust, Total assets ($B): 0.046766215 · Participants: 367Sound Credit Union 401(k) Retirement Savings Plan and TrustThe Boeing Company 401(k) Retirement Plan, Total assets ($B): 72.246135158 · Participants: 128910The Boeing Company 401(k) Retirement PlanMicrosoft Corporation Savings Plus 401(k) Plan, Total assets ($B): 53.225853429 · Participants: 123296Microsoft Corporation Savings Plus 401(k) PlanCostco 401(k) Retirement Plan, Total assets ($B): 33.384845813 · Participants: 192744Costco 401(k) Retirement PlanT-Mobile USA, Inc. 401(k) Retirement Savings Plan & Trust, Total assets ($B): 8.338937292 · Participants: 71538T-Mobile USA, Inc. 401(k) Retirement Savings Plan & Trust401(k) Savings Plan, Total assets ($B): 8.118808679 · Participants: 87590401(k) Savings Plan
Sound Credit Union 401(k) Retirement Savings Plan and Trust vs. nearby 401(k) plans in Washington, assets vs. participants
Compare Sound Credit Union 401(k) Retirement Savings Plan and Trust side-by-side with 3 peers →

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

Outside Washington, the nearest 401(k) by assets is Raleigh Neurology Associates, P.a. 401(k) Profit Sharing Plan in NC ($47M); by covered participants it is Lacerta Group, LLC 401(k) Plan in MA (367 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (367 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 Sound Credit Union 401(k) Retirement Savings Plan and Trust assets move in 2023? ▼
Sound Credit Union 401(k) Retirement Savings Plan and Trust surged - up 38.0% during 2023, from $34M to $47M. Reported net income was $13M.
How have Sound Credit Union plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Sound Credit Union's sponsor-wide assets grew 72.1%, from $34M to $58M.
Where does Sound Credit Union 401(k) Retirement Savings Plan and Trust rank by assets among Form 5500 filers? ▼
Sound Credit Union 401(k) Retirement Savings Plan and Trust ranks in the 85th 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 Sound Credit Union 401(k) Retirement Savings Plan and Trust? ▼
Among 401(k) plans in other states, the closest by assets is Raleigh Neurology Associates, P.a. 401(k) Profit Sharing Plan in NC ($47M, 229 participants).
Which 401(k) plans cover a similar participant headcount to Sound Credit Union 401(k) Retirement Savings Plan and Trust? ▼
Among 401(k) plans in other states, the closest by covered participants is Lacerta Group, LLC 401(k) Plan in MA (367 participants, $5M 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 910557925.

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.