Retirement plan

GENISYS CREDIT UNION 401(K) PLAN

Name: GENISYS CREDIT UNION - GENISYS CREDIT UNION 401(K) PLAN (2022) Form 5500
Creator: GENISYS CREDIT UNION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GENISYS CREDIT UNION 401(K) PLAN, GENISYS CREDIT UNION

GENISYS CREDIT UNIONEIN 38-1445060Plan #002PY 2022

2100 EXECUTIVE HILLS BLVD - AUBURN HILLS, MI 48326248-322-9800genisyscu.orgLinkedIn201-500 employeesbanking

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed June 27, 2025 (most recent of 3 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view

2100 Executive Hills Drive

Auburn Hills, MI 48326

Email— Sign in and upgrade to view Phone— Sign in and upgrade to view

Plans declared (6)

Brian Dowgiallo Supplemental Compensation Benefit Agreement dated April 11, 20251 emp
Heather Pizzala Supplemental Compensation Benefit Agreement dated April 18, 20251 emp
Lance Smith Supplemental Compensation Benefit Agreement dated April 21, 20251 emp
Michelle Mattson Supplemental Compensation Benefit Agreement dated April 21, 20251 emp
Sharon Nichols Supplemental Compensation Benefit Agreement dated April 11, 20251 emp
+1 more

Total covered: 6 employees

Open the filing PDF

How to read this page

Total assets (EOY)

$52.3M

-18.9% from 2021

Total participants

624

+6.3% from 2021

Average account balance

$84,838

-23.1% from 2021

Annual return

-14.50%

-28.35 pp from 2021

Benchmarks

See 1,529 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,529 peers

Snapshot2022

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$83.89M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$123K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

681

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

93.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.72M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+17.15%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$171

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 2 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL8+ years Service code 37 · EIN 04-2647786	Loan Processing	$70,301
RESOURCES INVESTMENT ADVISORS LLC4 years Filed as: RESOURCES INVESTMENT ADVISORS, LLC Service code 16 · EIN 43-1451524	Consulting	$38,500

Plan features & details

Pension benefit codes2F2G2J2K2T3D2E

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$113K

$230 / participant

Investment mgmt$4K4.0%
Other / not subdivided$109K96.0%

% of EOY assets

0.216%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PLANTE & MORAN, PLLC
Auditor EIN: 381357951
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$84,838

$86,897-2.4%

$151,639-44.1%

$64,819+30.9%

Participation rate

98.6%

87.3%+11.3pp

87.5%+11.1pp

71.5%+27.1pp

Annual return

-14.50%

-3.57%-10.9pp

3.34%-17.8pp

32.84%-47.3pp

Employer contribution / active EE

$3,439

$4,010-14.2%

$6,165-44.2%

$2,507+37.2%

Participant deferral / active EE

$3,959

$6,690-40.8%

$8,363-52.7%

$4,311-8.2%

Admin fee / account holder

$184

$153+20.0%

$11,613-98.4%

$188-2.3%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL8+ years

Service code 37 · EIN 04-2647786

Loan Processing

$70,301

RESOURCES INVESTMENT ADVISORS LLC4 years

Filed as: RESOURCES INVESTMENT ADVISORS, LLC

Service code 16 · EIN 43-1451524

Consulting

$38,500

GENISYS CREDIT UNION 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (6)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GENISYS CREDIT UNION 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (6)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion