401(k) · DOL Form 5500 · 2024

Elga Credit Union 401(k) Plan

Data updated 2026-08-25

$29M
Total assets Below avg plan size
280
Participants Below avg headcount
77th
Percentile by assets National rank
$105,306
Avg per participant Below avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Elga Credit Union Employee's 401(k) Plan · Sponsored by Elga Credit Union · Michigan · Finance & Insurance

$29M in assets, 280 participants

Elga Credit Union's Elga Credit Union Employee's 401(k) Plan reported $29M in total assets and 280 participants in its 2024 DOL Form 5500 filing, ranking in the 77th 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.

  • #5,500 in Finance & Insurance (8,549 peers)

Coverage in Michigan

Elga Credit Union Employee's 401(k) Plan covers 280 participants in Michigan, about 44% of the average Michigan filer (state average ~638 per filing). Assets: $29M.

#5,500
in Finance & Insurance (8,549 peers)
+16.8%
assets growth YoY
0.3×
vs typical plan assets (national mean)

Elga Credit Union Employee's 401(k) Plan's outsized position by total assets

Elga Credit Union Employee's 401(k) Plan vs every filed plan by assets

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

$29,485,759 Top 23% higher than 77% 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

Elga Credit Union Employee's 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. Elga Credit Union Employee's 401(k) Plan sits mid-pack in the medium band (280 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Elga Credit Union Employee's 401(k) Plan reported participants rose from 220 in the plan year 2023 filing to 280 in the plan year 2024 filing.
  • Elga Credit Union Employee's 401(k) Plan reported net income fell from $6M in the plan year 2023 filing to $4M in the plan year 2024 filing.
  • Elga Credit Union Employee's 401(k) Plan end-of-year assets rose from $25M in the plan year 2023 filing to $29M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 381441242 · Elga Credit Union PY 2024 · 401(k)

Elga Credit Union Employee's 401(k) Plan · $29M · 280 · 77th

  • VS-ST $29M
  • BOY 280
  • SCH 77th
  • EBSA 401(k)
  • PART near Sanders Industries Holdings, Inc. 401(k) Plan
  • TYPE ind #5500

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 →

Elga Credit Union Employee's 401(k) Plan in the asset neighbourhood

Elga Credit Union Employee's 401(k) PlanElga Credit Union Employee's…$29MSanders Industries Holdings, Inc. 401(k) PlanSanders Industries Holdings,…$29MJenne, Inc. 401(k) Plan$29MUgsoa Retirement Plan$29MHancock Askew & Co., LLP Employees' Profit Sharing PlanHancock Askew & Co., LLP Emp…$29M
End-of-year total assets ($M) among Elga Credit Union Employee's 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Michigan filing particulars

Total Assets (Beginning of Year)$25M
Net Assets (End of Year)$29M
Net Income$4M
Employer EIN381441242
Plan Effective Date1982-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Elga Credit Union)

Sponsor-wide plan assets over time

All Elga Credit Union plans reported in each filing year

Latest sponsor-wide plan assets
$29M 50.77404897951837% vs 2022
2024 filing year
$15M$20M$25M$30M$35M 202220232024 $19.6M $29.5M ▲ +50.8%
Year Plans Participants Total Assets
2022 1 209 $20M
2023 1 220 $25M
2024 1 280 $29M

Nearby 401(k) Plans in Michigan

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

Elga Credit Union Employee's 401(k) Plan vs. nearby 401(k) plans in Michigan, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -100102030 Total assets ($B) Participants Elga Credit Union Employee's 401(k) Plan, Total assets ($B): 0.029485759 · Participants: 280Elga Credit Union Employee's 401(k) PlanGeneral Motors Retirement Savings Plan for Salaried Employees in the United States, Total assets ($B): 23.0591668 · Participants: 43053General Motors Retirement Savings Plan for Salaried Employees in the United StatesFord Motor Co. Savings and Stock Investment Plan for Salaried Employees, Total assets ($B): 17.26893589 · Participants: 31790Ford Motor Co. Savings and Stock Investment Plan for Salaried EmployeesThe Dow Chemical Company Employees' Savings Plan, Total assets ($B): 10.768606712 · Participants: 17128The Dow Chemical Company Employees' Savings PlanThe General Motors Personal Savings Plan for Hourly-Rate Employees in the United States, Total assets ($B): 9.568379082 · Participants: 42513The General Motors Personal Savings Plan for Hourly-Rate Employees in the United StatesFord Motor Co. Tax-Efficient Savings Plan for Hourly Employees, Total assets ($B): 8.2932975 · Participants: 60497Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees
Elga Credit Union Employee's 401(k) Plan vs. nearby 401(k) plans in Michigan, assets vs. participants
Compare Elga Credit Union Employee's 401(k) Plan side-by-side with 3 peers →

Elga Credit Union Employee's 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Michigan, the nearest 401(k) by assets is Sanders Industries Holdings, Inc. 401(k) Plan in CA ($29M); by covered participants it is T.W. Ponessa & Associates Counseling Services, Inc. 401(k) Plan in PA (280 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($29M here).

Similar participant headcount

Nearest other-state filings by covered participants (280 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 Elga Credit Union Employee's 401(k) Plan assets move in 2024? ▼
Elga Credit Union Employee's 401(k) Plan grew sharply - up 16.8% during 2024, from $25M to $29M. Reported net income was $4M.
How have Elga Credit Union plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Elga Credit Union's sponsor-wide assets grew 50.8%, from $20M to $29M.
Where does Elga Credit Union Employee's 401(k) Plan rank by assets among Form 5500 filers? ▼
Elga Credit Union Employee's 401(k) Plan ranks in the 77th 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 Elga Credit Union Employee's 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Sanders Industries Holdings, Inc. 401(k) Plan in CA ($29M, 573 participants).
Which 401(k) plans cover a similar participant headcount to Elga Credit Union Employee's 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is T.W. Ponessa & Associates Counseling Services, Inc. 401(k) Plan in PA (280 participants, $3M 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 381441242.

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.