Retirement plan

STATE EMPLOYEES' CREDIT UNION RETIREMENT SAVINGS PLAN

Name: STATE EMPLOYEES' CREDIT UNION - STATE EMPLOYEES' CREDIT UNION RETIREMENT SAVINGS PLAN (2023) Form 5500
Creator: STATE EMPLOYEES' CREDIT UNION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, STATE EMPLOYEES' CREDIT UNION RETIREMENT SAVINGS PLAN, STATE EMPLOYEES' CREDIT UNION

STATE EMPLOYEES' CREDIT UNIONEIN 56-0475645Plan #001PY 2023

119 N SALISBURY ST - RALEIGH, NC 27603919-839-5180LinkedIn1-10 employeesfinancial services

Prospect flagsCorrective distributions

Top hat statement on fileNQDC

Filed April 20, 2026 (most recent of 2 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view

119 North Salisbury Street

Raleigh, NC 27603

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Plans declared (1)

Retention Payment Plan3 emp

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Total assets (EOY)

$1328.1M

-13.4% from 2016

Total participants

10,008

-9.0% from 2016

Average account balance

$133,761

-4.6% from 2016

Annual return

19.46%

-6.06 pp from 2016

Benchmarks

See 94 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants5,000-9,999

Cohort94 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.57B

Not enough data

1 years with asset history on file

Average account balance

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

$156K

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.

10,077

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.

99.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$112.74M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+15.47%

Not enough data

1 years with return on file

Admin fee / account holder

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

$48

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL9+ years Service code 37 · EIN 04-2647786	Loan Processing	$436,784
CAPFINANCIAL PARTNERS LLC7 years Filed as: CAPFINANCIAL PARTNERS, LLC Service code 27 · EIN 26-0058143	Advisory (Plan)	$73,485

Plan features & details

Pension benefit codes2G2J2T2E2F3D2R

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$509K

$65 / participant

Recordkeeping$436K85.6%
Other / not subdivided$73K14.4%

% of EOY assets

0.038%

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: CLIFTONLARSONALLENLLP
Auditor EIN: 410746749
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$133,761

$129,756+3.1%

$170,055-21.3%

$103,657+29.0%

Participation rate

99.0%

91.3%+7.7pp

87.0%+12.0pp

73.4%+25.6pp

Annual return

19.46%

20.17%-0.7pp

53.43%-34.0pp

33.13%-13.7pp

Employer contribution / active EE

$6,823

$5,236+30.3%

$6,790+0.5%

$3,216+112.2%

Participant deferral / active EE

$6,748

$8,283-18.5%

$10,410-35.2%

$5,218+29.3%

Admin fee / account holder

$51

$73-29.6%

$12,828-99.6%

$114-55.1%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL9+ years

Service code 37 · EIN 04-2647786

Loan Processing

$436,784

CAPFINANCIAL PARTNERS LLC7 years

Filed as: CAPFINANCIAL PARTNERS, LLC

Service code 27 · EIN 26-0058143

Advisory (Plan)

$73,485

STATE EMPLOYEES' CREDIT UNION RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

STATE EMPLOYEES' CREDIT UNION RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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