401(k) · DOL Form 5500 · 2024
Members First Credit Union 401(k) Plan
Data updated 2026-08-25
- $22M
- Total assets Small plan by assets
- 255
- Participants Below avg headcount
- 72nd
- Percentile by assets National rank
- $87,233
- Avg per participant Below avg balance/head
Official DOL plan name: Members First Credit Union 401(k) Plan · Sponsored by Members First Credit Union · Michigan · Finance & Insurance
$22M in assets, 255 participants
Members First Credit Union's Members First Credit Union 401(k) Plan reported $22M in total assets and 255 participants in its 2024 DOL Form 5500 filing, ranking in the 72nd 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.
- #4,948 in Finance & Insurance (8,549 peers)
Coverage in Michigan
Members First Credit Union 401(k) Plan covers 255 participants in Michigan, about 40% of the average Michigan filer (state average ~638 per filing). Assets: $22M.
- #4,948
- in Finance & Insurance (8,549 peers)
- +19.0%
- assets growth YoY
Members First Credit Union 401(k) Plan's outsized position by total assets
Members First Credit Union 401(k) Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$22,244,427 Top 28% higher than 72% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
Members First Credit Union 401(k) 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. Members First Credit Union 401(k) Plan sits mid-pack in the medium band (255 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Members First Credit Union 401(k) Plan end-of-year assets rose from $19M in the plan year 2023 filing to $22M in the plan year 2024 filing.
- Members First Credit Union 401(k) Plan reported net income rose from $3M in the plan year 2023 filing to $4M in the plan year 2024 filing.
- Members First Credit Union 401(k) Plan reported participants rose from 246 in the plan year 2023 filing to 255 in the plan year 2024 filing.
DOL schedule card
Filing strip 381489454 · Members First Credit Union PY 2024 · 401(k)
Members First Credit Union 401(k) Plan · $22M · 255 · 72nd
- PCT $22M
- PCT 255
- PCT 72nd
- PCT 401(k)
- PCT near W.K.S. Restaurant Group 401(k) Plan
- PCT ind #4948
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 Michigan →
Members First Credit Union 401(k) Plan in the asset neighbourhood
Michigan filing particulars
| Total Assets (Beginning of Year) | $19M |
|---|---|
| Net Assets (End of Year) | $22M |
| Net Income | $4M |
| Employer EIN | 381489454 |
| Plan Effective Date | 2012-06-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Members First Credit Union)
Sponsor-wide plan assets over time
All Members First Credit Union plans reported in each filing year
- Latest sponsor-wide plan assets
- $22M 43.42922480068337% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 234 | $16M |
| 2023 | 1 | 246 | $19M |
| 2024 | 1 | 255 | $22M |
Nearby 401(k) Plans in Michigan
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- General Motors Retirement Savings Plan for Salaried Employees in the United States $23.1B · 43,053
- Ford Motor Co. Savings and Stock Investment Plan for Salaried Employees $17.3B · 31,790
- The Dow Chemical Company Employees' Savings Plan $10.8B · 17,128
- The General Motors Personal Savings Plan for Hourly-Rate Employees in the United States $9.6B · 42,513
- Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees $8.3B · 60,497
Members First Credit Union 401(k) Plan's out-of-state 401(k) peers by assets and headcount
Outside Michigan, the nearest 401(k) by assets is W.K.S. Restaurant Group 401(k) Plan in CA ($22M); by covered participants it is National Auto Care 401(k) Plan in OH (255 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($22M here).
- W.K.S. Restaurant Group 401(k) Plan (CA) $22M · 5,052
- Nei Electric Power Engineering, Inc. 401(k) Profit Sharing Plan (CO) $22M · 287
- Brown Sims, P.C. 401(k) Plan (TX) $22M · 194
- Dtric 401(k) Profit Sharing Plan (HI) $22M · 82
Similar participant headcount
Nearest other-state filings by covered participants (255 participants); asset peers above are excluded.
- National Auto Care 401(k) Plan (OH) 255 · 0 off
- Fashion Institute of Design and Merchandising 401(k) Plan (CA) 255 · 0 off
- Barley Snyder Savings Plan (PA) 255 · 0 off
- Saticoy Lemon Association 401(k) / Profit Sharing Plan (CA) 255 · 0 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.