Money Purchase · DOL Form 5500 · 2023

Redwood Credit Union Money Purchase Plan

Data updated 2026-08-25

$33M
Total assets Below avg plan size
117
Participants Small participant base
80th
Percentile by assets National rank
$280,611
Avg per participant High balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Redwood Credit Union Target Benefit Plan · Sponsored by Redwood Credit Union · California · Finance & Insurance

$33M in assets, 117 participants

Redwood Credit Union's Redwood Credit Union Target Benefit Plan reported $33M in total assets and 117 participants in its 2023 DOL Form 5500 filing, ranking in the 80th 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.

  • #6,221 in Finance & Insurance (8,869 peers)

Coverage in California

Redwood Credit Union Target Benefit Plan covers 117 participants in California, about 19% of the average California filer (state average ~630 per filing). Assets: $33M.

#6,221
in Finance & Insurance (8,869 peers)
+22.6%
assets growth YoY
0.3×
vs typical plan assets (national mean)

Redwood Credit Union Target Benefit Plan's outsized position by total assets

Redwood Credit Union Target Benefit Plan vs every filed plan by assets

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

$32,831,528 Top 20% higher than 80% 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

Redwood Credit Union Target Benefit Plan 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. Redwood Credit Union Target Benefit Plan sits mid-pack in the medium band (117 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Redwood Credit Union Target Benefit Plan reported net income rose from -$6M in the plan year 2022 filing to $6M in the plan year 2023 filing.
  • Redwood Credit Union Target Benefit Plan end-of-year assets rose from $27M in the plan year 2022 filing to $33M in the plan year 2023 filing.
  • Redwood Credit Union Target Benefit Plan reported participants fell from 125 in the plan year 2022 filing to 117 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 941244186 · Redwood Credit Union PY 2023 · Money Purchase

Redwood Credit Union Target Benefit Plan · $33M · 117 · 80th

  • SCH $33M
  • SCH 117
  • SCH 80th
  • SCH Money Purchase
  • SCH near Resources for the Future, Inc. 401(a) Retirement
  • SCH ind #6221

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 California →

Redwood Credit Union Target Benefit Plan in the asset neighbourhood

Ironworkers Local 380 Retirement and Severance PlanIronworkers Local 380 Retire…$34MB. P. Huddleston & Co., Inc. Money Purchase Pension PlanB. P. Huddleston & Co., Inc.…$34MPmc Employee Retirement Plan$33MResources for the Future, Inc. 401(a) RetirementResources for the Future, In…$33MRedwood Credit Union Target Benefit PlanRedwood Credit Union Target …$33M
End-of-year total assets ($M) among Redwood Credit Union Target Benefit Plan and nearest nationwide Money Purchase peers. Source: DOL Form 5500 plan year 2023.

California filing particulars

Total Assets (Beginning of Year)$27M
Net Assets (End of Year)$33M
Net Income$6M
Employer EIN941244186
Plan Effective Date1990-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Redwood Credit Union)

Sponsor-wide plan assets over time

All Redwood Credit Union plans reported in each filing year

Latest sponsor-wide plan assets
$140M 49.54443003297603% vs 2022
2024 filing year
$80M$100M$120M$140M$160M 202220232024 $93.6M $140M ▲ +49.5%
Year Plans Participants Total Assets
2022 2 818 $94M
2023 2 859 $121M
2024 2 946 $140M

Nearby Money Purchase Plans in California

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

Redwood Credit Union Target Benefit Plan vs. nearby Money Purchase plans in California, assets vs. participants Scatter plot of 6 data points. -10000010000200003000040000 -202468 Total assets ($B) Participants Redwood Credit Union Target Benefit Plan, Total assets ($B): 0.032831528 · Participants: 117Redwood Credit Union Target Benefit PlanThe Permanente Contribution Plan of the Permanente Medical Group, Inc., Total assets ($B): 6.965801295 · Participants: 18060The Permanente Contribution Plan of the Permanente Medical Group, Inc.Kaiser Permanente Supplemental Savings and Retirement Plan, Total assets ($B): 5.097985049 · Participants: 36330Kaiser Permanente Supplemental Savings and Retirement PlanUniversity of Southern California Defined Contribution Retirement Plan, Total assets ($B): 4.426886727 · Participants: 20136University of Southern California Defined Contribution Retirement PlanCarpenters Annuity Trust Fund for Northern California, Total assets ($B): 3.257361302 · Participants: 25961Carpenters Annuity Trust Fund for Northern CaliforniaDirectors Guild of America-Producer Pension Plan Supplemental Benefit Plan, Total assets ($B): 2.151319709 · Participants: 23168Directors Guild of America-Producer Pension Plan Supplemental Benefit Plan
Redwood Credit Union Target Benefit Plan vs. nearby Money Purchase plans in California, assets vs. participants
Compare Redwood Credit Union Target Benefit Plan side-by-side with 3 peers →

Redwood Credit Union Target Benefit Plan's out-of-state Money Purchase peers by assets and headcount

Outside California, the nearest Money Purchase by assets is Resources for the Future, Inc. 401(a) Retirement in DC ($33M); by covered participants it is Lifespan of Greater Rochester, Inc. Pension Plan in NY (117 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (117 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 Redwood Credit Union Target Benefit Plan assets move in 2023? ▼
Redwood Credit Union Target Benefit Plan grew sharply - up 22.6% during 2023, from $27M to $33M. Reported net income was $6M.
How have Redwood Credit Union plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Redwood Credit Union's sponsor-wide assets grew 49.5%, from $94M to $140M.
Where does Redwood Credit Union Target Benefit Plan rank by assets among Form 5500 filers? ▼
Redwood Credit Union Target Benefit Plan ranks in the 80th 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 Money Purchase plans are similar in size to Redwood Credit Union Target Benefit Plan? ▼
Among Money Purchase plans in other states, the closest by assets is Resources for the Future, Inc. 401(a) Retirement in DC ($33M, 58 participants).
Which Money Purchase plans cover a similar participant headcount to Redwood Credit Union Target Benefit Plan? ▼
Among Money Purchase plans in other states, the closest by covered participants is Lifespan of Greater Rochester, Inc. Pension Plan in NY (117 participants, $5M 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 941244186.

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.