2023 Form 5500 filing — Sovita Credit Union Cash Balance Defined Benefit Plan And Trust
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20250411115005NAL0035950576001) for Sovita Credit Union Cash Balance Defined Benefit Plan And Trust, reported by Sovita Credit Union under EIN 38-0546210 and plan number 001. It reports 122 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20250411115005NAL0035950576001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Sovita Credit Union
- EIN
- 38-0546210
- Plan number
- 001
- Location
- Flint, MI
- Participants
- 122
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $14,123,195
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $14,123,195
- Total income / additions
- $1,029,637
- Benefits paid
- $704,881
- Administrative expenses
- $45,730
- Total expenses
- $750,611
- Net increase / (decrease)
- $279,026
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Cmfg Life Insurance Company | NONE | $44,736 | $0 |
| Members Capital Advisors, Inc. | NONE | $994 | not reported in the loaded dataset |