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

TROPICAL FINANCIAL CREDIT UNION EMPLOYEES' PENSION PLAN

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

TROPICAL FINANCIAL CREDIT UNION

This Defined Benefit (Pension) plan holds $7M in total assets and serves 31 participants as of 2022. It is sponsored by TROPICAL FINANCIAL CREDIT UNION in Florida. The plan reported positive net income of $292K for the year.

Total Assets (2023)
$7M
Participants
31
State
Industry
Finance & Insurance

What the Filing Says About TROPICAL FINANCIAL CREDIT UNION EMPLOYEES' PENSION PLAN

TROPICAL FINANCIAL CREDIT UNION EMPLOYEES' PENSION PLAN is a Defined Benefit (Pension) retirement plan sponsored by TROPICAL FINANCIAL CREDIT UNION, headquartered in Florida. As of the 2022 Form 5500 filing, the plan reports $7M in total end-of-year assets and covers 31 participants across the Finance & Insurance industry. The sponsor's EIN on file with the U.S. Department of Labor is 590637653, and the plan has been effective since 1953-10-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $7M at the beginning of 2022 to $7M at year-end — a gain of 4.3%. Net assets (after liabilities) closed the year at $7M, with reported net income of $292K 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)$7M
Total Assets (End of Year)$7M
Net Assets (End of Year)$7M
Net Income$292K
Plan TypeDefined Benefit (Pension)
Employer EIN590637653
Plan Effective Date1953-10-01
Filing StatusFILING RECEIVED

Sponsor Plan History (TROPICAL FINANCIAL CREDIT UNION)

Year Plans Participants Total Assets
2022 2 187 $23M
2023 2 205 $23M
2024 1 179 $18M

Nearby Defined Benefit (Pension) Plans in Florida

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

Frequently Asked Questions

How much money is in the TROPICAL FINANCIAL CREDIT UNION EMPLOYEES' PENSION PLAN?
As of the 2022 Form 5500 filing, TROPICAL FINANCIAL CREDIT UNION EMPLOYEES' PENSION PLAN holds $7M in total assets with 31 participants. It is sponsored by TROPICAL FINANCIAL CREDIT UNION.
What type of plan is TROPICAL FINANCIAL CREDIT UNION EMPLOYEES' PENSION PLAN?
TROPICAL FINANCIAL CREDIT UNION EMPLOYEES' PENSION PLAN is a Defined Benefit (Pension) plan. It has been effective since 1953-10-01. The plan is filed with the U.S. Department of Labor under EIN 590637653.
Who sponsors the TROPICAL FINANCIAL CREDIT UNION EMPLOYEES' PENSION PLAN?
TROPICAL FINANCIAL CREDIT UNION EMPLOYEES' PENSION PLAN is sponsored by TROPICAL FINANCIAL CREDIT UNION, located in Florida. The sponsor's EIN is 590637653 and the plan operates in the Finance & Insurance industry.
How did TROPICAL FINANCIAL CREDIT UNION EMPLOYEES' PENSION PLAN perform in 2022?
TROPICAL FINANCIAL CREDIT UNION EMPLOYEES' PENSION PLAN grew by 4.3% during 2022, moving from $7M to $7M in total assets. Net income was $292K.
Where can I find official filings for TROPICAL FINANCIAL CREDIT UNION EMPLOYEES' PENSION PLAN?
Official Form 5500 filings for TROPICAL FINANCIAL CREDIT UNION EMPLOYEES' PENSION PLAN are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 590637653 or plan name at efast.dol.gov.
How does TROPICAL FINANCIAL CREDIT UNION EMPLOYEES' PENSION PLAN compare to other plans?
You can compare TROPICAL FINANCIAL CREDIT UNION EMPLOYEES' PENSION PLAN against other Defined Benefit (Pension) plans on the plan type page, or view plans in Florida 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 590637653.

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.