Profit Sharing
2024 plan-year Profit Sharing DOL Form 5500

Members Cooperative Credit Union 401(k) Savings Plan

ERISA Form 5500 plan record drawn from DOL EBSA โ€” verify with linked source filings below.

Sponsored by Members Cooperative Credit Union ยท Minnesota ยท Finance & Insurance

What the 2023 filing shows

Members Cooperative Credit Union 401(k) Savings Plan holds $31M for 208 participants - about $148,730 per participant, up 2.2% over the 2024 plan year.

$31M
total plan assets (2024 EOY)
208
covered participants
$148,730
avg assets per participant
+2.2%
assets growth YoY
Total Assets (2023)
$31M
Participants
208
State
Industry
Finance & Insurance

What the Filing Says About Members Cooperative Credit Union 401(k) Savings Plan

Members Cooperative Credit Union 401(k) Savings Plan is a Profit Sharing retirement plan sponsored by Members Cooperative Credit Union, headquartered in Minnesota. As of the 2024 Form 5500 filing, the plan reports $31M in total end-of-year assets and covers 208 participants across the Finance & Insurance industry. The sponsor's EIN on file with the U.S. Department of Labor is 410195345, and the plan has been effective since 1998-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $30M at the beginning of 2024 to $31M at year-end โ€” a gain of 2.2%. Net assets (after liabilities) closed the year at $31M, with reported net income of $666K driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows โ€” a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$30M
Total Assets (End of Year)$31M
Net Assets (End of Year)$31M
Net Income$666K
Plan TypeProfit Sharing
Employer EIN410195345
Plan Effective Date1998-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Members Cooperative Credit Union)

Year Plans Participants Total Assets
2022 1 234 $26M
2023 1 252 $30M
2024 1 208 $31M

Nearby Profit Sharing Plans in Minnesota

Peer Profit Sharing plans โ€” same state, same plan type โ€” ranked by total assets.

Frequently Asked Questions

How much money is in the Members Cooperative Credit Union 401(k) Savings Plan?
As of the 2024 Form 5500 filing, Members Cooperative Credit Union 401(k) Savings Plan holds $31M in total assets with 208 participants. It is sponsored by Members Cooperative Credit Union.
What type of plan is Members Cooperative Credit Union 401(k) Savings Plan?
Members Cooperative Credit Union 401(k) Savings Plan is a Profit Sharing plan. It has been effective since 1998-01-01. The plan is filed with the U.S. Department of Labor under EIN 410195345.
Who sponsors the Members Cooperative Credit Union 401(k) Savings Plan?
Members Cooperative Credit Union 401(k) Savings Plan is sponsored by Members Cooperative Credit Union, located in Minnesota. The sponsor's EIN is 410195345 and the plan operates in the Finance & Insurance industry.
How did Members Cooperative Credit Union 401(k) Savings Plan perform in 2024?
Members Cooperative Credit Union 401(k) Savings Plan grew by 2.2% during 2024, moving from $30M to $31M in total assets. Net income was $666K.
Where can I find official filings for Members Cooperative Credit Union 401(k) Savings Plan?
Official Form 5500 filings for Members Cooperative Credit Union 401(k) Savings Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 410195345 or plan name at efast.dol.gov.
How does Members Cooperative Credit Union 401(k) Savings Plan compare to other plans?
You can compare Members Cooperative Credit Union 401(k) Savings Plan against other Profit Sharing plans on the plan type page, or view plans in Minnesota on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

Explore PlainRetire

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) โ€” original filing retrieval by EIN 410195345.

Reference: IRS Publication 560 โ€” Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B โ€” Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.