Money Purchase · DOL Form 5500 · 2023

Charter Oak Federal Credit Union Money Purchase Plan

Data updated 2026-08-25

$4M
Total assets Small plan by assets
145
Participants Small participant base
41st
Percentile by assets National rank
$28,210
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Charter Oak Federal Credit Union Retirement Plan for Union Employees · Sponsored by Charter Oak Federal Credit Union · Connecticut · Finance & Insurance

$4M in assets, 145 participants

Charter Oak Federal Credit Union's Charter Oak Federal Credit Union Retirement Plan for Union Employees reported $4M in total assets and 145 participants in its 2023 DOL Form 5500 filing, ranking in the 41st percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #2,538 in Finance & Insurance (8,869 peers)

Coverage in Connecticut

Charter Oak Federal Credit Union Retirement Plan for Union Employees covers 145 participants in Connecticut, about 20% of the average Connecticut filer (state average ~718 per filing). Assets: $4M.

#2,538
in Finance & Insurance (8,869 peers)
+17.6%
assets growth YoY

Charter Oak Federal Credit Union Retirement Plan for Union Employees's mid-pack asset rank among Finance & Insurance and all filers

Charter Oak Federal Credit Union Retirement Plan for Union Employees vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$4,090,388 41st percentile higher than 41% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Charter Oak Federal Credit Union Retirement Plan for Union Employees among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Charter Oak Federal Credit Union Retirement Plan for Union Employees sits mid-pack in the medium band (145 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Charter Oak Federal Credit Union Retirement Plan for Union Employees reported net income rose from -$1M in the plan year 2022 filing to $611K in the plan year 2023 filing.
  • Charter Oak Federal Credit Union Retirement Plan for Union Employees end-of-year assets rose from $3M in the plan year 2022 filing to $4M in the plan year 2023 filing.
  • Charter Oak Federal Credit Union Retirement Plan for Union Employees reported participants rose from 135 in the plan year 2022 filing to 145 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 060659509 · Charter Oak Federal Credit Union PY 2023 · Money Purchase

Charter Oak Federal Credit Union Retirement Plan for Union Employees · $4M · 145 · 41st

  • BOOK $4M
  • VS-ST 145
  • BOY 41st
  • SCH Money Purchase
  • EBSA near Habitat for Humanity Retirement Plan
  • PART ind #2538

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Finance & Insurance retirement plans → · Plans in Connecticut →

Charter Oak Federal Credit Union Retirement Plan for Union Employees in the asset neighbourhood

Wayne Center 401(a)DC Plan$4MCharter Oak Federal Credit Union Retirement Plan for Union EmployeesCharter Oak Federal Credit U…$4MHabitat for Humanity Retirement PlanHabitat for Humanity Retirem…$4MRetail Wholesale Department Store Union Local 1034 Defined Contribution Pension PlanRetail Wholesale Department …$4MWestchester Community Opportunity Program, Inc. Pension PlanWestchester Community Opport…$4M
End-of-year total assets ($M) among Charter Oak Federal Credit Union Retirement Plan for Union Employees and nearest nationwide Money Purchase peers. Source: DOL Form 5500 plan year 2023.

Connecticut filing particulars

Total Assets (Beginning of Year)$3M
Net Assets (End of Year)$4M
Net Income$611K
Employer EIN060659509
Plan Effective Date1956-09-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Charter Oak Federal Credit Union)

Sponsor-wide plan assets over time

All Charter Oak Federal Credit Union plans reported in each filing year

Latest sponsor-wide plan assets
$39M 17.859278237994257% vs 2022
2024 filing year
$32M$34M$36M$38M$40M 202220232024 $32.7M $38.5M ▲ +17.8%
Year Plans Participants Total Assets
2022 2 310 $33M
2023 2 311 $37M
2024 2 302 $39M

Nearby Money Purchase Plans in Connecticut

Peer Money Purchase plans, same state, same plan type, ranked by total assets.

Charter Oak Federal Credit Union Retirement Plan for Union Employees vs. nearby Money Purchase plans in Connecticut, assets vs. participants Scatter plot of 6 data points. -20000200040006000800010000 -2000200400600800 Total assets ($M) Participants Charter Oak Federal Credit Union Retirement Plan for Union Employees, Total assets ($M): 4.090388 · Participants: 145Charter Oak Federal Credit Union Retirement Plan for Union EmployeesNew England Electrical Workers Money Purchase Plan and Trust, Total assets ($M): 746.047151 · Participants: 8403New England Electrical Workers Money Purchase Plan and TrustEquinor US Holdings Inc. Money Purchase Pension Plan, Total assets ($M): 173.736211 · Participants: 626Equinor US Holdings Inc. Money Purchase Pension PlanSouthern Ct IBEW Annuity Plan, Total assets ($M): 78.724205 · Participants: 467Southern Ct IBEW Annuity PlanMoney Purchase Retirement Plan of U.a. Local 716, Total assets ($M): 36.06523 · Participants: 447Money Purchase Retirement Plan of U.a. Local 716IBEW Local No. 223 Deferred Income Plan, Total assets ($M): 27.50459 · Participants: 556IBEW Local No. 223 Deferred Income Plan
Charter Oak Federal Credit Union Retirement Plan for Union Employees vs. nearby Money Purchase plans in Connecticut, assets vs. participants
Compare Charter Oak Federal Credit Union Retirement Plan for Union Employees side-by-side with 3 peers →

Charter Oak Federal Credit Union Retirement Plan for Union Employees's out-of-state Money Purchase peers by assets and headcount

Outside Connecticut, the nearest Money Purchase by assets is Habitat for Humanity Retirement Plan in GA ($4M); by covered participants it is Educational Systems Federal Credit Union Money Purchase Plan in MD (145 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (145 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Charter Oak Federal Credit Union Retirement Plan for Union Employees assets move in 2023? ▼
Charter Oak Federal Credit Union Retirement Plan for Union Employees grew sharply - up 17.6% during 2023, from $3M to $4M. Reported net income was $611K.
How have Charter Oak Federal Credit Union plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Charter Oak Federal Credit Union's sponsor-wide assets grew 17.9%, from $33M to $39M.
Which Money Purchase plans are similar in size to Charter Oak Federal Credit Union Retirement Plan for Union Employees? ▼
Among Money Purchase plans in other states, the closest by assets is Habitat for Humanity Retirement Plan in GA ($4M, 99 participants).
Which Money Purchase plans cover a similar participant headcount to Charter Oak Federal Credit Union Retirement Plan for Union Employees? ▼
Among Money Purchase plans in other states, the closest by covered participants is Educational Systems Federal Credit Union Money Purchase Plan in MD (145 participants, $14M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 060659509.

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.