Self Help Federal Credit Union 401(k) Plan: Login, Facts & Contact Information

No recent filing

No Form 5500 has been filed for this plan since plan year 2018. The plan may have been terminated, merged into another plan, or moved to a new sponsor. Everything below comes from its last filing on record.

Self Help Federal Credit Union 401(k) Plan Facts (plan year 2018)

Plan name
EMPLOYEE BENEFIT PLAN OF SELF-HELP FEDERAL CREDIT UNION
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
SELF HELP FEDERAL CREDIT UNION
Participants
425 (329 active employees)
Former employees with a balance
77
Plan assets
$13,871,918 at Dec 31, 2018
Average account balance
$37,091 across 374 accounts
Employer contributions
$1,053,813 in plan year 2018 (45% of all contributions)
Plan year
Jan 1, 2018 – Dec 31, 2018
Plan established
Dec 1, 2009
✓ Employer contributions✓ Automatic enrollment✓ Default investment for undecided participants— Participants choose their own investments✓ Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2018 (Jan 1, 2018 – Dec 31, 2018), filed Oct 11, 2019. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2018

  • $2.35 million went into the plan in contributions, $1.05 million of it from the employer (45%).
  • $1.87 million was paid out to participants.
  • Administrative expenses were $4,025, about $11 per account.

How the Self Help Federal Credit Union 401(k) changed, 2013–2018

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2013174$7.03 million$489,624$372,740
2014238$8.44 million$574,688$544,010
2015284$9.58 million$644,753$761,709
2016290$11.6 million$738,697$1.08 million
2017330$14.3 million$970,964$754,954
2018425$13.9 million$1.05 million$1.87 million

Self Help Federal Credit Union 401(k) Contact Information

Phone
919-956-4400
Mailing address
301 W MAIN STREET, DURHAM,, DURHAM NC 277013227
Plan sponsor
SELF HELP FEDERAL CREDIT UNION
Employer identification number (EIN)
26-3016612
Plan number
002

Questions about the Self Help Federal Credit Union 401(k)

Is the Self Help Federal Credit Union 401(k) plan still active?

We can't confirm that. The last Form 5500 on record for this plan covers plan year 2018, and no later filing was found under this employer's EIN.

Does Self Help Federal Credit Union contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2018 the employer contributed $1.05 million, 45% of all contributions.

Does the Self Help Federal Credit Union 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Self Help Federal Credit Union 401(k) plan?

425 participants at the start of plan year 2018, 329 of them active employees, and 77 former employees who still had money in the plan.

What is the average 401(k) balance at Self Help Federal Credit Union?

About $37,091 per account: $13.9 million in plan assets across 374 accounts with a balance at the end of plan year 2018.

Who manages the Self Help Federal Credit Union 401(k) accounts?

Empower is the plan's recordkeeper, which is where participants log in to see their balance.

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