Defined Benefit (Pension) · DOL Form 5500 · 2023

True Community Credit Union Pension Plan

Data updated 2026-08-25

$26M
Total assets Below avg plan size
192
Participants Below avg headcount
77th
Percentile by assets National rank
$137,528
Avg per participant Near avg balance/head
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Official DOL plan name: True Community Credit Union Cash Balance Defined Benefit Plan and Trust · Sponsored by True Community Credit Union · Michigan · Finance & Insurance

$26M in assets, 192 participants

True Community Credit Union's True Community Credit Union Cash Balance Defined Benefit Plan and Trust reported $26M in total assets and 192 participants in its 2023 DOL Form 5500 filing, ranking in the 77th 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.

  • #5,805 in Finance & Insurance (8,869 peers)

Coverage in Michigan

True Community Credit Union Cash Balance Defined Benefit Plan and Trust covers 192 participants in Michigan, about 30% of the average Michigan filer (state average ~638 per filing). Assets: $26M.

#5,805
in Finance & Insurance (8,869 peers)
+12.9%
assets growth YoY
0.3×
vs typical plan assets (national mean)

True Community Credit Union Cash Balance Defined Benefit Plan and Trust's outsized position by total assets

True Community Credit Union Cash Balance Defined Benefit Plan and Trust vs every filed plan by assets

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

$26,405,410 Top 23% higher than 77% 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

True Community Credit Union Cash Balance Defined Benefit Plan and Trust 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. True Community Credit Union Cash Balance Defined Benefit Plan and Trust sits mid-pack in the medium band (192 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • True Community Credit Union Cash Balance Defined Benefit Plan and Trust reported net income rose from -$6M in the plan year 2022 filing to $3M in the plan year 2023 filing.
  • True Community Credit Union Cash Balance Defined Benefit Plan and Trust end-of-year assets rose from $23M in the plan year 2022 filing to $26M in the plan year 2023 filing.
  • True Community Credit Union Cash Balance Defined Benefit Plan and Trust reported participants rose from 187 in the plan year 2022 filing to 192 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 381453620 · True Community Credit Union PY 2023 · Defined Benefit (Pension)

True Community Credit Union Cash Balance Defined Benefit Plan and Trust · $26M · 192 · 77th

  • SCH $26M
  • EBSA 192
  • PART 77th
  • TYPE Defined Benefit (Pension)
  • NET near Retirement Plan of Forbes Management Company Inc.
  • BOOK ind #5805

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 Michigan →

True Community Credit Union Cash Balance Defined Benefit Plan and Trust in the asset neighbourhood

The People-to-People Health Foundation, Inc. Pension PlanThe People-to-People Health …$26MRetirement Plan of Forbes Management Company Inc.Retirement Plan of Forbes Ma…$26MListerhill Credit Union Cash Balance Defined Benefit Plan and TrustListerhill Credit Union Cash…$26MTrue Community Credit Union Cash Balance Defined Benefit Plan and TrustTrue Community Credit Union …$26MRetirement Plan for Employees of International Brotherhood of Electrical Workers Local 134Retirement Plan for Employee…$26M
End-of-year total assets ($M) among True Community Credit Union Cash Balance Defined Benefit Plan and Trust and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Michigan filing particulars

Total Assets (Beginning of Year)$23M
Net Assets (End of Year)$26M
Net Income$3M
Employer EIN381453620
Plan Effective Date1969-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (True Community Credit Union)

Sponsor-wide plan assets over time

All True Community Credit Union plans reported in each filing year

Latest sponsor-wide plan assets
$28M 19.32174180509005% vs 2022
2024 filing year
$22M$24M$26M$28M$30M 202220232024 $23.4M $27.9M ▲ +19.3%
Year Plans Participants Total Assets
2022 1 187 $23M
2023 1 192 $26M
2024 1 189 $28M

Nearby Defined Benefit (Pension) Plans in Michigan

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

True Community Credit Union Cash Balance Defined Benefit Plan and Trust vs. nearby Defined Benefit (Pension) plans in Michigan, assets vs. participants Scatter plot of 6 data points. -100000100002000030000 -1001020304050 Total assets ($B) Participants True Community Credit Union Cash Balance Defined Benefit Plan and Trust, Total assets ($B): 0.02640541 · Participants: 192True Community Credit Union Cash Balance Defined Benefit Plan and TrustGeneral Motors Hourly-Rate Employees Pension Plan, Total assets ($B): 44.838918802 · Participants: 17959General Motors Hourly-Rate Employees Pension PlanFord Motor Company UAW Retirement Plan, Total assets ($B): 19.269442236 · Participants: 26442Ford Motor Company UAW Retirement PlanFord Motor Company General Retirement Plan, Total assets ($B): 12.705910161 · Participants: 10215Ford Motor Company General Retirement PlanDow Employees' Pension Plan, Total assets ($B): 11.529460215 · Participants: 14051Dow Employees' Pension PlanFca US LLC UAW Pension Agreement, Total assets ($B): 11.155705594 · Participants: 13635Fca US LLC UAW Pension Agreement
True Community Credit Union Cash Balance Defined Benefit Plan and Trust vs. nearby Defined Benefit (Pension) plans in Michigan, assets vs. participants
Compare True Community Credit Union Cash Balance Defined Benefit Plan and Trust side-by-side with 3 peers →

True Community Credit Union Cash Balance Defined Benefit Plan and Trust's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Michigan, the nearest Defined Benefit (Pension) by assets is Retirement Plan of Forbes Management Company Inc. in NY ($26M); by covered participants it is Employees' Retirement Plan of Ametek, Inc. in PA (192 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (192 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 True Community Credit Union Cash Balance Defined Benefit Plan and Trust assets move in 2023? ▼
True Community Credit Union Cash Balance Defined Benefit Plan and Trust grew at a solid clip - up 12.9% during 2023, from $23M to $26M. Reported net income was $3M.
How have True Community Credit Union plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), True Community Credit Union's sponsor-wide assets grew 19.3%, from $23M to $28M.
Where does True Community Credit Union Cash Balance Defined Benefit Plan and Trust rank by assets among Form 5500 filers? ▼
True Community Credit Union Cash Balance Defined Benefit Plan and Trust ranks in the 77th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to True Community Credit Union Cash Balance Defined Benefit Plan and Trust? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Retirement Plan of Forbes Management Company Inc. in NY ($26M, 5 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to True Community Credit Union Cash Balance Defined Benefit Plan and Trust? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Employees' Retirement Plan of Ametek, Inc. in PA (192 participants, $504M 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 381453620.

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.