Defined Benefit (Pension)
2022 plan-year Defined Benefit (Pension) DOL Form 5500

PUBLIC SERVICE CREDIT UNION CASH BALANCE PENSION PLAN

ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.

PUBLIC SERVICE CREDIT UNION

This Defined Benefit (Pension) plan holds $14M in total assets and serves 91 participants as of 2022. It is sponsored by PUBLIC SERVICE CREDIT UNION in Michigan. The plan reported a net loss of $3M for the year.

Total Assets (2023)
$14M
Participants
91
State
Industry
Finance & Insurance

What the Filing Says About PUBLIC SERVICE CREDIT UNION CASH BALANCE PENSION PLAN

PUBLIC SERVICE CREDIT UNION CASH BALANCE PENSION PLAN is a Defined Benefit (Pension) retirement plan sponsored by PUBLIC SERVICE CREDIT UNION, headquartered in Michigan. As of the 2022 Form 5500 filing, the plan reports $14M in total end-of-year assets and covers 91 participants across the Finance & Insurance industry. The sponsor's EIN on file with the U.S. Department of Labor is 381439781, and the plan has been effective since 1982-04-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $16M at the beginning of 2022 to $14M at year-end — a decline of 17.4%. Net assets (after liabilities) closed the year at $14M, with reported net income of $-2,856,337 driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$16M
Total Assets (End of Year)$14M
Net Assets (End of Year)$14M
Net Income$-2,856,337
Plan TypeDefined Benefit (Pension)
Employer EIN381439781
Plan Effective Date1982-04-01
Filing StatusFILING RECEIVED

Sponsor Plan History (PUBLIC SERVICE CREDIT UNION)

Year Plans Participants Total Assets
2022 1 91 $14M
2023 1 106 $15M
2024 1 103 $16M

Nearby Defined Benefit (Pension) Plans in Michigan

Peer Defined Benefit (Pension) plans — same state, same plan type — ranked by total assets.

Frequently Asked Questions

How much money is in the PUBLIC SERVICE CREDIT UNION CASH BALANCE PENSION PLAN?
As of the 2022 Form 5500 filing, PUBLIC SERVICE CREDIT UNION CASH BALANCE PENSION PLAN holds $14M in total assets with 91 participants. It is sponsored by PUBLIC SERVICE CREDIT UNION.
What type of plan is PUBLIC SERVICE CREDIT UNION CASH BALANCE PENSION PLAN?
PUBLIC SERVICE CREDIT UNION CASH BALANCE PENSION PLAN is a Defined Benefit (Pension) plan. It has been effective since 1982-04-01. The plan is filed with the U.S. Department of Labor under EIN 381439781.
Who sponsors the PUBLIC SERVICE CREDIT UNION CASH BALANCE PENSION PLAN?
PUBLIC SERVICE CREDIT UNION CASH BALANCE PENSION PLAN is sponsored by PUBLIC SERVICE CREDIT UNION, located in Michigan. The sponsor's EIN is 381439781 and the plan operates in the Finance & Insurance industry.
How did PUBLIC SERVICE CREDIT UNION CASH BALANCE PENSION PLAN perform in 2022?
PUBLIC SERVICE CREDIT UNION CASH BALANCE PENSION PLAN declined by 17.4% during 2022, moving from $16M to $14M in total assets. Net income was $-2,856,337.
Where can I find official filings for PUBLIC SERVICE CREDIT UNION CASH BALANCE PENSION PLAN?
Official Form 5500 filings for PUBLIC SERVICE CREDIT UNION CASH BALANCE PENSION PLAN are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 381439781 or plan name at efast.dol.gov.
How does PUBLIC SERVICE CREDIT UNION CASH BALANCE PENSION PLAN compare to other plans?
You can compare PUBLIC SERVICE CREDIT UNION CASH BALANCE PENSION PLAN against other Defined Benefit (Pension) plans on the plan type page, or view plans in Michigan on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

Explore PlainRetire

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) — original filing retrieval by EIN 381439781.

Reference: IRS Publication 560 — Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B — Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from official public datasets. See our methodology for details.