401(k) · DOL Form 5500 · 2024

Essential Credit Union 401(k) Plan

Data updated 2026-08-25

$6M
Total assets Small plan by assets
125
Participants Small participant base
45th
Percentile by assets National rank
$47,817
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Essential Credit Union 401(k) Profit Sharing Plan · Sponsored by Essential Credit Union · Louisiana · Finance & Insurance

$6M in assets, 125 participants

Essential Credit Union's Essential Credit Union 401(k) Profit Sharing Plan reported $6M in total assets and 125 participants in its 2024 DOL Form 5500 filing, ranking in the 45th 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.

  • #2,636 in Finance & Insurance (8,549 peers)

Coverage in Louisiana

Essential Credit Union 401(k) Profit Sharing Plan covers 125 participants in Louisiana, about 25% of the average Louisiana filer (state average ~495 per filing). Assets: $6M.

#2,636
in Finance & Insurance (8,549 peers)
+19.9%
assets growth YoY

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

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

End-of-year total assets · plan year 2024 · DOL Form 5500

$5,977,149 45th percentile higher than 45% of 123,620 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 2024

Essential Credit Union 401(k) Profit Sharing Plan among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Essential Credit Union 401(k) Profit Sharing Plan sits mid-pack in the medium band (125 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Essential Credit Union 401(k) Profit Sharing Plan end-of-year assets rose from $5M in the plan year 2023 filing to $6M in the plan year 2024 filing.
  • Essential Credit Union 401(k) Profit Sharing Plan reported participants rose from 106 in the plan year 2023 filing to 125 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 720719172 · Essential Credit Union PY 2024 · 401(k)

Essential Credit Union 401(k) Profit Sharing Plan · $6M · 125 · 45th

  • PHOTO $6M
  • PHOTO 125
  • PHOTO 45th
  • PHOTO 401(k)
  • PHOTO near Tinco Sheet Metal 401(k) Plan
  • PHOTO ind #2636

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

Essential Credit Union 401(k) Profit Sharing PlanEssential Credit Union 401(k…$6MTinco Sheet Metal 401(k) Plan$6MMiracle Hill Ministries, Inc. 401(k) PlanMiracle Hill Ministries, Inc…$6MWalters Holdings US Inc. 401(k) PlanWalters Holdings US Inc. 401…$6MGlade Run Lutheran Services 401(k) PlanGlade Run Lutheran Services …$6M
End-of-year total assets ($M) among Essential Credit Union 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Louisiana filing particulars

Total Assets (Beginning of Year)$5M
Net Assets (End of Year)$6M
Net Income$990K
Employer EIN720719172
Plan Effective Date1997-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Essential Credit Union)

Sponsor-wide plan assets over time

All Essential 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 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 ($B) Participants Essential Credit Union 401(k) Profit Sharing Plan, Total assets ($B): 0.005977149 · Participants: 125Essential Credit Union 401(k) Profit Sharing PlanLumen 401(k) Savings Plan, Total assets ($B): 7.295025591 · Participants: 26319Lumen 401(k) Savings PlanSavings Plan of Entergy Corporation and Subsidiaries, Total assets ($B): 4.363805537 · Participants: 9655Savings Plan of Entergy Corporation and SubsidiariesOchsner Clinic Foundation 401(k) Plan, Total assets ($B): 2.6891375 · Participants: 32229Ochsner Clinic Foundation 401(k) PlanLouisiana Children's Medical Center Retirement and Savings Plan, Total assets ($B): 1.01914034 · Participants: 13357Louisiana Children's Medical Center Retirement and Savings PlanAmedisys Holding, LLC 401(k) Plan, Total assets ($B): 0.954895996 · Participants: 18862Amedisys Holding, LLC 401(k) Plan
Essential Credit Union 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Louisiana, assets vs. participants
Compare Essential Credit Union 401(k) Profit Sharing Plan side-by-side with 3 peers →

Essential 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 Tinco Sheet Metal 401(k) Plan in CA ($6M); by covered participants it is Portland Forge Interim Manufacturing Plan in IN (125 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($6M here).

Similar participant headcount

Nearest other-state filings by covered participants (125 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Essential Credit Union 401(k) Profit Sharing Plan assets move in 2024? ▼
Essential Credit Union 401(k) Profit Sharing Plan grew sharply - up 19.9% during 2024, from $5M to $6M. Reported net income was $990K.
How have Essential Credit Union plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Essential Credit Union's sponsor-wide assets grew 50.8%, from $4M to $6M.
Which 401(k) plans are similar in size to Essential Credit Union 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Tinco Sheet Metal 401(k) Plan in CA ($6M, 202 participants).
Which 401(k) plans cover a similar participant headcount to Essential Credit Union 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Portland Forge Interim Manufacturing Plan in IN (125 participants, $2M in assets).

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 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.