Defined Benefit (Pension) · DOL Form 5500 · 2022

Quorum Federal Credit Union Defined Benefit Plan

Data updated 2026-05-15

$8M
Total assets
52
Participants
59th
Percentile by assets
$144,699
Avg per participant
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Sponsored by Quorum Federal Credit Union · New York · Finance & Insurance

What the 2022 filing shows

Quorum Federal Credit Union Defined Benefit Plan holds $8M for 52 participants - about $144,699 per participant, above the median plan by assets, down 19.6% over the 2022 plan year.

$8M
total plan assets (2022 EOY)
52
covered participants
59th
percentile by assets (of 139,258 plans)
$144,699
avg assets per participant

The plan reported a net loss of $2M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

State
New York
Industry
Finance & Insurance

Defined Benefit (Pension) · DOL Form 5500 · 2022

What the Filing Says About Quorum Federal Credit Union Defined Benefit Plan

Quorum Federal Credit Union Defined Benefit Plan is a Defined Benefit (Pension) retirement plan sponsored by Quorum Federal Credit Union, headquartered in New York. According to the U.S. Department of Labor's 2022 Form 5500 filing, the plan reports $8M in total end-of-year assets and covers 52 participants across the Finance & Insurance industry. The sponsor's EIN on file with the U.S. Department of Labor is 131517541, and the plan has been effective since 2006-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets declined sharply from $9M at the beginning of 2022 to $8M at year-end - down 19.6%. Net assets (after liabilities) closed the year at $8M, with reported net income of -$2M 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.

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.

How the percentile is calculated: we count every plan that filed a 2022 Form 5500 with a reported end-of-year asset figure (139,258 plans), rank Quorum Federal Credit Union Defined Benefit Plan against all of them by total assets, and report the share of those plans it outranks. A plan reporting no asset figure for the year is excluded from the ranking rather than assumed to be zero.

Financial Summary (2022)

Total Assets (Beginning of Year)$9M
Total Assets (End of Year)$8M
Net Assets (End of Year)$8M
Net Income-$2M
Plan TypeDefined Benefit (Pension)
Employer EIN131517541
Plan Effective Date2006-01-01
Filing StatusFILING RECEIVED

Nearby Defined Benefit (Pension) Plans in New York

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

Compare Quorum Federal Credit Union Defined Bene… side-by-side with 3 peers →

Frequently Asked Questions

How much money is in the Quorum Federal Credit Union Defined Benefit Plan? ▼
As of the 2022 Form 5500 filing, Quorum Federal Credit Union Defined Benefit Plan holds $8M in total assets with 52 participants. It is sponsored by Quorum Federal Credit Union.
What type of plan is Quorum Federal Credit Union Defined Benefit Plan? ▼
Quorum Federal Credit Union Defined Benefit Plan is a Defined Benefit (Pension) plan. It has been effective since 2006-01-01. The plan is filed with the U.S. Department of Labor under EIN 131517541.
Who sponsors the Quorum Federal Credit Union Defined Benefit Plan? ▼
Quorum Federal Credit Union Defined Benefit Plan is sponsored by Quorum Federal Credit Union, located in New York. The sponsor's EIN is 131517541 and the plan operates in the Finance & Insurance industry.
How did Quorum Federal Credit Union Defined Benefit Plan perform in 2022? ▼
Quorum Federal Credit Union Defined Benefit Plan declined sharply - down 19.6% during 2022, moving from $9M to $8M in total assets. Net income was -$2M.

What this filing means

Ways to act on Quorum Federal Credit Union Defined Benefit Plan's numbers.

  • By total assets, Quorum Federal Credit Union Defined Benefit Plan ranks above the median plan by assets. See the largest plans
  • Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in New York. Compare plans
  • A Defined Benefit (Pension) plan works differently from other retirement plan types, understand the structural differences before comparing. Compare plan types

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 131517541.

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.

Read our methodology - how this data is sourced, computed, and verified.

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

Every figure on PlainRetire is rendered directly from the Department of Labor's Form 5500 annual return filings, no number is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of 2026-05-15.