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

No recent filing

No Form 5500 has been filed for this plan since plan year 2014. 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.

Workers Credit Union 401(k) Plan Facts (plan year 2014)

Plan name
WORKERS' CREDIT UNION 401(K) RETIREMENT PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
WORKERS CREDIT UNION
Participants
239 (213 active employees)
Former employees with a balance
31
Plan assets
$20,207,364 at Dec 31, 2014
Average account balance
$87,478 across 231 accounts
Employer contributions
$1,155,648 in plan year 2014 (56% of all contributions)
Plan year
Jan 1, 2014 – Dec 31, 2014
Plan established
Jan 1, 1997
✓ 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 2014 (Jan 1, 2014 – Dec 31, 2014), filed Aug 5, 2015. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2014

  • $2.06 million went into the plan in contributions, $1.16 million of it from the employer (56%).
  • $1.20 million was paid out to participants.
  • Investment and other income added $1.18 million.
  • Administrative expenses were $1,275, about $6 per account.

How the Workers Credit Union 401(k) changed, 2009–2014

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2009220$10.9 million$716,257$450,825
2010220$13.2 million$701,668$383,016
2011234$13.5 million$755,720$959,592
2012225$14.6 million$924,569$2.33 million
2013220$18.2 million$959,323$1.39 million
2014239$20.2 million$1.16 million$1.20 million

Workers Credit Union 401(k) Contact Information

Phone
978-353-7064
Mailing address
815 MAIN STREET, FITCHBURG MA 01420
Plan sponsor
WORKERS CREDIT UNION
Employer identification number (EIN)
04-0279901
Plan number
002

Questions about the Workers Credit Union 401(k)

Is the Workers Credit Union 401(k) plan still active?

We can't confirm that. The last Form 5500 on record for this plan covers plan year 2014, and no later filing was found under this employer's EIN.

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

Yes. The plan reports an employer contribution arrangement. In plan year 2014 the employer contributed $1.16 million, 56% of all contributions.

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

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

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

239 participants at the start of plan year 2014, 213 of them active employees, and 31 former employees who still had money in the plan.

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

About $87,478 per account: $20.2 million in plan assets across 231 accounts with a balance at the end of plan year 2014.

Who manages the Workers 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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