401(k) · DOL Form 5500 · 2023

Essential Federal Credit Union 401(k) Plan

Data updated 2026-08-25

$5M
Total assets Small plan by assets
106
Participants Small participant base
44th
Percentile by assets National rank
$47,046
Avg per participant Low balance/head
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Official DOL plan name: Essential Federal Credit Union 401(k) Profit Sharing Plan · Sponsored by Essential Federal Credit Union · Louisiana · Finance & Insurance

$5M in assets, 106 participants

Essential Federal Credit Union's Essential Federal Credit Union 401(k) Profit Sharing Plan reported $5M in total assets and 106 participants in its 2023 DOL Form 5500 filing, ranking in the 44th 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.

  • #2,789 in Finance & Insurance (8,869 peers)

Coverage in Louisiana

Essential Federal Credit Union 401(k) Profit Sharing Plan covers 106 participants in Louisiana, about 21% of the average Louisiana filer (state average ~495 per filing). Assets: $5M.

#2,789
in Finance & Insurance (8,869 peers)
+25.8%
assets growth YoY

Essential Federal Credit Union 401(k) Profit Sharing Plan's mid-pack asset rank among Finance & Insurance and all filers

Essential Federal Credit Union 401(k) Profit Sharing Plan vs every filed plan by assets

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

$4,986,925 44th percentile higher than 44% 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

Essential Federal Credit Union 401(k) Profit Sharing 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. Essential Federal Credit Union 401(k) Profit Sharing Plan sits mid-pack in the medium band (106 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Essential Federal Credit Union 401(k) Profit Sharing Plan reported net income rose from -$832K in the plan year 2022 filing to $1M in the plan year 2023 filing.
  • Essential Federal Credit Union 401(k) Profit Sharing Plan end-of-year assets rose from $4M in the plan year 2022 filing to $5M in the plan year 2023 filing.
  • Essential Federal Credit Union 401(k) Profit Sharing Plan reported participants rose from 103 in the plan year 2022 filing to 106 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 720719172 · Essential Federal Credit Union PY 2023 · 401(k)

Essential Federal Credit Union 401(k) Profit Sharing Plan · $5M · 106 · 44th

  • PART $5M
  • TYPE 106
  • NET 44th
  • BOOK 401(k)
  • VS-ST near Bluegrass Health Partners 401(k) Plan
  • BOY ind #2789

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 Louisiana →

Essential Federal Credit Union 401(k) Profit Sharing Plan in the asset neighbourhood

Essential Federal Credit Union 401(k) Profit Sharing PlanEssential Federal Credit Uni…$5MBluegrass Health Partners 401(k) PlanBluegrass Health Partners 40…$5MSuperior Holding, Inc. 401(k)$5MKeller Oreilly & Watson, P.C. Salary Deferral (401-K) PlanKeller Oreilly & Watson, P.C…$5MRecombinetics, Inc. 401(k) PlanRecombinetics, Inc. 401(k) P…$5M
End-of-year total assets ($M) among Essential Federal Credit Union 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Louisiana filing particulars

Total Assets (Beginning of Year)$4M
Net Assets (End of Year)$5M
Net Income$1M
Employer EIN720719172
Plan Effective Date1997-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Essential Federal Credit Union)

Sponsor-wide plan assets over time

All Essential Federal Credit Union plans reported in each filing year

Latest sponsor-wide plan assets
$6M 50.77214248255518% vs 2022
2024 filing year
$3M$4M$5M$6M$7M 202220232024 $3.96M $5.98M ▲ +51.0%
Year Plans Participants Total Assets
2022 1 103 $4M
2023 1 106 $5M
2024 1 125 $6M

Nearby 401(k) Plans in Louisiana

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

Essential Federal Credit Union 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Louisiana, assets vs. participants Scatter plot of 6 data points. -10000010000200003000040000 -202468 Total assets ($B) Participants Essential Federal Credit Union 401(k) Profit Sharing Plan, Total assets ($B): 0.004986925 · Participants: 106Essential Federal Credit Union 401(k) Profit Sharing PlanLumen 401(k) Savings Plan, Total assets ($B): 7.140330247 · Participants: 24522Lumen 401(k) Savings PlanSavings Plan of Entergy Corporation and Subsidiaries, Total assets ($B): 3.827701341 · Participants: 10136Savings Plan of Entergy Corporation and SubsidiariesOchsner Clinic Foundation 401(k) Plan, Total assets ($B): 2.304723514 · Participants: 31221Ochsner Clinic Foundation 401(k) PlanLouisiana Children's Medical Center Retirement and Savings Plan, Total assets ($B): 0.866658906 · Participants: 12934Louisiana Children's Medical Center Retirement and Savings PlanAmedisys Holding, LLC 401(k) Plan, Total assets ($B): 0.849210896 · Participants: 20100Amedisys Holding, LLC 401(k) Plan
Essential Federal Credit Union 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Louisiana, assets vs. participants
Compare Essential Federal Credit Union 401(k) Profit Sharing Plan side-by-side with 3 peers →

Essential Federal Credit Union 401(k) Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside Louisiana, the nearest 401(k) by assets is Bluegrass Health Partners 401(k) Plan in KY ($5M); by covered participants it is Interfolio 401(k) P/S Plan in DC (106 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (106 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 Essential Federal Credit Union 401(k) Profit Sharing Plan assets move in 2023? ▼
Essential Federal Credit Union 401(k) Profit Sharing Plan grew sharply - up 25.8% during 2023, from $4M to $5M. Reported net income was $1M.
How have Essential Federal Credit Union plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Essential Federal Credit Union's sponsor-wide assets grew 50.8%, from $4M to $6M.
Which 401(k) plans are similar in size to Essential Federal Credit Union 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Bluegrass Health Partners 401(k) Plan in KY ($5M, 807 participants).
Which 401(k) plans cover a similar participant headcount to Essential Federal Credit Union 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Interfolio 401(k) P/S Plan in DC (106 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 720719172.

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.