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

Employees' Pension Plan of Florida Public Utilities Company

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

Sponsored by Florida Public Utilities Company · Delaware · Utilities

What the 2023 filing shows

Employees' Pension Plan of Florida Public Utilities Company holds $46M for 74 participants — about $624,371 per participant, down 21.3% over the 2022 plan year.

$46M
total plan assets (2022 EOY)
74
covered participants
$624,371
avg assets per participant
-21.3%
assets change YoY

The plan reported a net loss of $13M for the year — a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
$46M
Participants
74
State
Industry
Utilities

What the Filing Says About Employees' Pension Plan of Florida Public Utilities Company

Employees' Pension Plan of Florida Public Utilities Company is a Defined Benefit (Pension) retirement plan sponsored by Florida Public Utilities Company, headquartered in Delaware. As of the 2022 Form 5500 filing, the plan reports $46M in total end-of-year assets and covers 74 participants across the Utilities industry. The sponsor's EIN on file with the U.S. Department of Labor is 590539080, and the plan has been effective since 1960-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $59M at the beginning of 2022 to $46M at year-end — a decline of 21.3%. Net assets (after liabilities) closed the year at $46M, with reported net income of $-12,510,966 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)$59M
Total Assets (End of Year)$46M
Net Assets (End of Year)$46M
Net Income$-12,510,966
Plan TypeDefined Benefit (Pension)
Employer EIN590539080
Plan Effective Date1960-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Florida Public Utilities Company)

Year Plans Participants Total Assets
2022 1 74 $46M
2023 1 67 $49M
2024 1 58 $49M

Nearby Defined Benefit (Pension) Plans in Delaware

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

Frequently Asked Questions

How much money is in the Employees' Pension Plan of Florida Public Utilities Company?
As of the 2022 Form 5500 filing, Employees' Pension Plan of Florida Public Utilities Company holds $46M in total assets with 74 participants. It is sponsored by Florida Public Utilities Company.
What type of plan is Employees' Pension Plan of Florida Public Utilities Company?
Employees' Pension Plan of Florida Public Utilities Company is a Defined Benefit (Pension) plan. It has been effective since 1960-01-01. The plan is filed with the U.S. Department of Labor under EIN 590539080.
Who sponsors the Employees' Pension Plan of Florida Public Utilities Company?
Employees' Pension Plan of Florida Public Utilities Company is sponsored by Florida Public Utilities Company, located in Delaware. The sponsor's EIN is 590539080 and the plan operates in the Utilities industry.
How did Employees' Pension Plan of Florida Public Utilities Company perform in 2022?
Employees' Pension Plan of Florida Public Utilities Company declined by 21.3% during 2022, moving from $59M to $46M in total assets. Net income was $-12,510,966.
Where can I find official filings for Employees' Pension Plan of Florida Public Utilities Company?
Official Form 5500 filings for Employees' Pension Plan of Florida Public Utilities Company are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 590539080 or plan name at efast.dol.gov.
How does Employees' Pension Plan of Florida Public Utilities Company compare to other plans?
You can compare Employees' Pension Plan of Florida Public Utilities Company against other Defined Benefit (Pension) plans on the plan type page, or view plans in Delaware 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 590539080.

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 U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.