401(k) · DOL Form 5500 · 2023

Members First Credit Union 401(k) Plan

Data updated 2026-08-25

$19M
Total assets Small plan by assets
246
Participants Below avg headcount
71st
Percentile by assets National rank
$75,995
Avg per participant Below avg balance/head
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Official DOL plan name: Members First Credit Union 401(k) Plan · Sponsored by Members First Credit Union · Michigan · Finance & Insurance

$19M in assets, 246 participants

Members First Credit Union's Members First Credit Union 401(k) Plan reported $19M in total assets and 246 participants in its 2023 DOL Form 5500 filing, ranking in the 71st 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.

  • #5,111 in Finance & Insurance (8,869 peers)

Coverage in Michigan

Members First Credit Union 401(k) Plan covers 246 participants in Michigan, about 39% of the average Michigan filer (state average ~638 per filing). Assets: $19M.

#5,111
in Finance & Insurance (8,869 peers)
+20.5%
assets growth YoY

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

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

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

$18,694,754 Top 29% higher than 71% 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

Members First 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. Members First Credit Union 401(k) Plan sits mid-pack in the medium band (246 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Members First Credit Union 401(k) Plan reported net income rose from -$4M in the plan year 2022 filing to $3M in the plan year 2023 filing.
  • Members First Credit Union 401(k) Plan end-of-year assets rose from $16M in the plan year 2022 filing to $19M in the plan year 2023 filing.
  • Members First Credit Union 401(k) Plan reported participants rose from 234 in the plan year 2022 filing to 246 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 381489454 · Members First Credit Union PY 2023 · 401(k)

Members First Credit Union 401(k) Plan · $19M · 246 · 71st

  • PART $19M
  • TYPE 246
  • NET 71st
  • BOOK 401(k)
  • VS-ST near Centrica Business Solutions US, Inc. 401(k) Plan
  • BOY ind #5111

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 →

Members First Credit Union 401(k) Plan in the asset neighbourhood

401(k) Profit-Sharing Plan for Employees of a P R Consulting, Inc.401(k) Profit-Sharing Plan f…$19MThe Southern Bancshares 401(k) PlanThe Southern Bancshares 401(…$19MMembers First Credit Union 401(k) PlanMembers First Credit Union 4…$19MCentrica Business Solutions US, Inc. 401(k) PlanCentrica Business Solutions …$19MGreen Tokai Co., Ltd. 401(k) PlanGreen Tokai Co., Ltd. 401(k)…$19M
End-of-year total assets ($M) among Members First Credit Union 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Michigan filing particulars

Total Assets (Beginning of Year)$16M
Net Assets (End of Year)$19M
Net Income$3M
Employer EIN381489454
Plan Effective Date2012-06-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Members First Credit Union)

Sponsor-wide plan assets over time

All Members First Credit Union plans reported in each filing year

Latest sponsor-wide plan assets
$22M 43.42922480068337% vs 2022
2024 filing year
$10M$15M$20M$25M 202220232024 $15.5M $22.2M ▲ +43.4%
Year Plans Participants Total Assets
2022 1 234 $16M
2023 1 246 $19M
2024 1 255 $22M

Nearby 401(k) Plans in Michigan

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

Members First 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 ($B) Participants Members First Credit Union 401(k) Plan, Total assets ($B): 0.018694754 · Participants: 246Members First 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
Members First Credit Union 401(k) Plan vs. nearby 401(k) plans in Michigan, assets vs. participants
Compare Members First Credit Union 401(k) Plan side-by-side with 3 peers →

Members First 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 Centrica Business Solutions US, Inc. 401(k) Plan in NY ($19M); by covered participants it is Greene's Energy Group, L.L.C. 401(k) Plan in TX (246 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (246 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 Members First Credit Union 401(k) Plan assets move in 2023? ▼
Members First Credit Union 401(k) Plan grew sharply - up 20.5% during 2023, from $16M to $19M. Reported net income was $3M.
How have Members First Credit Union plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Members First Credit Union's sponsor-wide assets grew 43.4%, from $16M to $22M.
Which 401(k) plans are similar in size to Members First Credit Union 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Centrica Business Solutions US, Inc. 401(k) Plan in NY ($19M, 322 participants).
Which 401(k) plans cover a similar participant headcount to Members First Credit Union 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Greene's Energy Group, L.L.C. 401(k) Plan in TX (246 participants, N/A 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 381489454.

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.