Sound Credit Union 401(k) Plan: Login, Facts & Contact Information

Sound Credit Union 401(k) Plan Facts

Plan name
SOUND CREDIT UNION 401(K) RETIREMENT SAVINGS PLAN AND TRUST
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
SOUND CREDIT UNION
Participants
575 (401 active employees)
Former employees with a balance
123
Plan assets
$58,343,012 at Dec 31, 2024
Average account balance
$111,130 across 525 accounts
Employer contributions
$2,576,514 in plan year 2024 (55% of all contributions)
Recordkeeper
Spectrum Pension Consultants, Inc.
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 1998
✓ 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 2024 (Jan 1, 2024 – Dec 31, 2024), filed Sep 30, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $4.66 million went into the plan in contributions, $2.58 million of it from the employer (55%).
  • $2.00 million was paid out to participants.
  • Investment and other income added $9.03 million.
  • Administrative expenses were $115,324, about $220 per account.

How the Sound Credit Union 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019358$34.9 million$1.62 million$3.45 million
2020417$59.7 million$1.95 million$2.02 million
2021433$58.5 million$2.01 million$3.52 million
2022467$33.9 million$2.12 million$2.98 million
2023502$46.8 million$2.27 million$3.92 million
2024575$58.3 million$2.58 million$2.00 million

Sound Credit Union 401(k) Contact Information

Phone
253-396-6858
Mailing address
PO BOX 1595, TACOMA WA 98401
Plan sponsor
SOUND CREDIT UNION
Employer identification number (EIN)
91-0557925
Plan number
003

Questions about the Sound Credit Union 401(k)

Does Sound Credit Union contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $2.58 million, 55% of all contributions.

Does the Sound Credit Union 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Sound Credit Union 401(k) plan?

575 participants at the start of plan year 2024, 401 of them active employees, and 123 former employees who still had money in the plan.

What is the average 401(k) balance at Sound Credit Union?

About $111,130 per account: $58.3 million in plan assets across 525 accounts with a balance at the end of plan year 2024.

Who manages the Sound Credit Union 401(k) accounts?

SPECTRUM PENSION CONSULTANTS, INC. is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Sound Credit Union. How do I access my 401(k)?

Your account stays with SPECTRUM PENSION CONSULTANTS, INC. after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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