401(k) · DOL Form 5500 · 2024

Sound Credit Union 401(k) Plan

Data updated 2026-08-11

$58M
Total assets
402
Participants
86th
Percentile by assets
$145,132
Avg per participant
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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

$58M in assets, 402 participants

Sound Credit Union's Sound Credit Union 401(k) Retirement Savings Plan and Trust reported $58M in total assets and 402 participants in its 2024 DOL Form 5500 filing, ranking in the 86th 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.

  • 86th percentile by assets (of 123,622 plans)
  • #6,663 in Finance & Insurance (8,549 peers)

Coverage in Washington

Sound Credit Union 401(k) Retirement Savings Plan and Trust covers 402 participants in Washington, about 27% of the average Washington filer (state average ~1,476 per filing). Assets: $58M.

$58M
total plan assets (2024 EOY)
402
covered participants
86th
percentile by assets (of 123,622 plans)
$145,132
avg assets per participant

Where Sound Credit Union 401(k) Retirement Savings Plan and Trust sits 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 2024 · DOL Form 5500

$58,343,012 Top 14% higher than 86% of 123,620 filed plans

This plan $0 $2,010,000,000 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 2024

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Sound Credit Union 401(k) Retirement Savings Plan and Trust end-of-year assets rose from $47M in the plan year 2023 filing to $58M in the plan year 2024 filing.
  • Sound Credit Union 401(k) Retirement Savings Plan and Trust reported net income fell from $13M in the plan year 2023 filing to $12M in the plan year 2024 filing.
  • Sound Credit Union 401(k) Retirement Savings Plan and Trust reported participants rose from 367 in the plan year 2023 filing to 402 in the plan year 2024 filing.

See the national 2023→2024 release diff →

State
Washington
Industry
Finance & Insurance

Participants vs Washington filers

In Washington, the average filing covers about 1,476 participants across 2,612 plans. Sound Credit Union 401(k) Retirement Savings Plan and Trust reports 402 participants - about 27% of that state average ($58M EOY assets).

Washington filing particulars

Total Assets (Beginning of Year)$47M
Net Assets (End of Year)$58M
Net Income$12M
Employer EIN910557925
Plan Effective Date1998-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Sound Credit Union)

$30M$40M$50M$60M$70M 202220232024 $33.9M $58.3M ▲ +72.1%
Total plan assets by year, all Sound Credit Union plans on file
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

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. -500000050000010000001500000 -20020406080 Total assets ($B) Participants Sound Credit Union 4…The Boeing Company 4…Microsoft Corporatio…Costco 401(k) Retire…Amazon 401(k) Plan401(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 Sav… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Sound Credit Union 401(k) Retirement Savings Plan and Trust by total assets, not by location.

Frequently Asked Questions

How did Sound Credit Union 401(k) Retirement Savings Plan and Trust assets move in 2024? ▼
Sound Credit Union 401(k) Retirement Savings Plan and Trust grew sharply - up 24.8% during 2024, from $47M to $58M. Reported net income was $12M.
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 86th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (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 Thumbtack, Inc 401(k) Plan in CA ($58M, 649 participants).

Next read for Sound Credit Union 401(k) Retirement Sav…

Filing takeaways

Ways to act on Sound Credit Union 401(k) Retirement Savings Plan and Trust's numbers.

  • By total assets, Sound Credit Union 401(k) Retirement Savings Plan and Trust ranks in the top quartile of all filed plans by assets. See the largest plans
  • Compare it side-by-side against 3 similar 401(k) plans in Washington. Compare plans
  • Sound Credit Union's sponsor-wide assets have grown 72.1% since 2022 across 3 plan years on file. More Finance & Insurance plans

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

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.