Tropical Financial Credit Union 401(K) Profit Sharing Plan — Form 5500 plan (Tropical Financial Credit Union)
Plain-English plan 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, Tropical Financial Credit Union 401(K) Profit Sharing Plan is a benefit plan reported by Tropical Financial Credit Union under EIN 59-0637653 and plan number 003. The latest loaded filing year is 2023. The filing reports 221 participants and $15,923,254 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Tropical Financial Credit Union
- EIN
- 59-0637653
- Plan number
- 003
- Plan type
- 2
- Location
- Miramar, FL
- Latest filing year
- 2023
- Participants
- 221
- End-of-year plan assets
- $15,923,254
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 221 | H, C | 20241001074809NAL0003121379001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $15,923,254
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $15,923,254
- Net assets (BOY)
- $15,944,927
Income & contributions
- Employer contributions
- $405,570
- Participant contributions
- $892,528
- Total contributions
- $1,344,647
- Total income / additions
- $3,759,987
Expenses & distributions
- Benefits paid
- $3,720,655
- Administrative expenses
- $59,073
- Total expenses
- $3,781,660
- Net increase / (decrease)
- -$21,673
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| United Capital Financial Advisors | INVESTMENT ADVISOR | $36,917 | not reported in the loaded dataset | 2023 |
| John Hancock | RETAINED BY EMPLOYER | $22,156 | $0 | 2023 |