401(k) · DOL Form 5500 · 2023

Local Government Federal Credit Union 401(k) Plan

Data updated 2026-08-25

$48M
Total assets Below avg plan size
218
Participants Below avg headcount
85th
Percentile by assets National rank
$218,035
Avg per participant Above avg balance/head
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Official DOL plan name: Local Government Federal Credit Union 401(k) Plan and Trust · Sponsored by Local Government Federal Credit Union · North Carolina · Finance & Insurance

$48M in assets, 218 participants

Local Government Federal Credit Union's Local Government Federal Credit Union 401(k) Plan and Trust reported $48M in total assets and 218 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.

  • #6,835 in Finance & Insurance (8,869 peers)

Coverage in North Carolina

Local Government Federal Credit Union 401(k) Plan and Trust covers 218 participants in North Carolina, about 27% of the average North Carolina filer (state average ~819 per filing). Assets: $48M.

#6,835
in Finance & Insurance (8,869 peers)
+31.0%
assets growth YoY
0.5×
vs typical plan assets (national mean)

Local Government Federal Credit Union 401(k) Plan and Trust's outsized position by total assets

Local Government Federal Credit Union 401(k) Plan and Trust vs every filed plan by assets

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

$47,531,681 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

Local Government Federal Credit Union 401(k) 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. Local Government Federal Credit Union 401(k) Plan and Trust sits mid-pack in the medium band (218 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Local Government Federal Credit Union 401(k) Plan and Trust reported net income rose from -$5M in the plan year 2022 filing to $11M in the plan year 2023 filing.
  • Local Government Federal Credit Union 401(k) Plan and Trust end-of-year assets rose from $36M in the plan year 2022 filing to $48M in the plan year 2023 filing.
  • Local Government Federal Credit Union 401(k) Plan and Trust reported participants fell from 222 in the plan year 2022 filing to 218 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 561362282 · Local Government Federal Credit Union PY 2023 · 401(k)

Local Government Federal Credit Union 401(k) Plan and Trust · $48M · 218 · 85th

  • 5500 $48M
  • 5500 218
  • 5500 85th
  • 5500 401(k)
  • 5500 near The Bernard Group 401(k) Plan
  • 5500 ind #6835

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 →

Local Government Federal Credit Union 401(k) Plan and Trust in the asset neighbourhood

Mitratech 401(k) Savings Plan$48MThe Bernard Group 401(k) Plan$48MLocal Government Federal Credit Union 401(k) Plan and TrustLocal Government Federal Cre…$48MPkc Group 401(k) Savings & Profit Sharing PlanPkc Group 401(k) Savings & P…$48MMagic Software Participating Companies 401(k) PlanMagic Software Participating…$48M
End-of-year total assets ($M) among Local Government Federal Credit Union 401(k) Plan and Trust and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

North Carolina filing particulars

Total Assets (Beginning of Year)$36M
Net Assets (End of Year)$48M
Net Income$11M
Employer EIN561362282
Plan Effective Date1998-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Local Government Federal Credit Union)

Sponsor-wide plan assets over time

All Local Government Federal Credit Union plans reported in each filing year

Latest sponsor-wide plan assets
$57M 56.94519845794622% vs 2022
2024 filing year
$30M$40M$50M$60M 202220232024 $36.3M $56.9M ▲ +56.9%
Year Plans Participants Total Assets
2022 1 222 $36M
2023 1 218 $48M
2024 1 284 $57M

Nearby 401(k) Plans in North Carolina

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

Local Government Federal Credit Union 401(k) Plan and Trust vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -200204060 Total assets ($B) Participants Local Government Federal Credit Union 401(k) Plan and Trust, Total assets ($B): 0.047531681 · Participants: 218Local Government Federal Credit Union 401(k) Plan and TrustThe 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
Local Government Federal Credit Union 401(k) Plan and Trust vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare Local Government Federal Credit Union 401(k) Plan and Trust side-by-side with 3 peers →

Local Government Federal Credit Union 401(k) Plan and Trust's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is The Bernard Group 401(k) Plan in MN ($48M); by covered participants it is Care Hawaii, Inc. 401(k) Retirement Savings Plan in HI (218 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($48M here).

Similar participant headcount

Nearest other-state filings by covered participants (218 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 Local Government Federal Credit Union 401(k) Plan and Trust assets move in 2023? ▼
Local Government Federal Credit Union 401(k) Plan and Trust surged - up 31.0% during 2023, from $36M to $48M. Reported net income was $11M.
How have Local Government Federal Credit Union plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Local Government Federal Credit Union's sponsor-wide assets grew 56.9%, from $36M to $57M.
Where does Local Government Federal Credit Union 401(k) Plan and Trust rank by assets among Form 5500 filers? ▼
Local Government Federal Credit Union 401(k) 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 Local Government Federal Credit Union 401(k) Plan and Trust? ▼
Among 401(k) plans in other states, the closest by assets is The Bernard Group 401(k) Plan in MN ($48M, 824 participants).
Which 401(k) plans cover a similar participant headcount to Local Government Federal Credit Union 401(k) Plan and Trust? ▼
Among 401(k) plans in other states, the closest by covered participants is Care Hawaii, Inc. 401(k) Retirement Savings Plan in HI (218 participants, $3M 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 561362282.

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.