401(k) · DOL Form 5500 · 2023

Financial Plus Credit Union 401(k) Plan

Data updated 2026-08-25

$21M
Total assets Small plan by assets
179
Participants Small participant base
74th
Percentile by assets National rank
$118,671
Avg per participant Near avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Financial Plus Credit Union Retirement Plan · Sponsored by Financial Plus Credit Union · Michigan · Finance & Insurance

$21M in assets, 179 participants

Financial Plus Credit Union's Financial Plus Credit Union Retirement Plan reported $21M in total assets and 179 participants in its 2023 DOL Form 5500 filing, ranking in the 74th 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.

  • #5,379 in Finance & Insurance (8,869 peers)

Coverage in Michigan

Financial Plus Credit Union Retirement Plan covers 179 participants in Michigan, about 28% of the average Michigan filer (state average ~638 per filing). Assets: $21M.

#5,379
in Finance & Insurance (8,869 peers)
+19.3%
assets growth YoY

Financial Plus Credit Union Retirement Plan's outsized position by total assets

Financial Plus Credit Union Retirement Plan vs every filed plan by assets

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

$21,242,075 Top 26% higher than 74% 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

Financial Plus Credit Union Retirement 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. Financial Plus Credit Union Retirement Plan sits mid-pack in the medium band (179 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Financial Plus Credit Union Retirement Plan reported net income rose from -$4M in the plan year 2022 filing to $3M in the plan year 2023 filing.
  • Financial Plus Credit Union Retirement Plan end-of-year assets rose from $18M in the plan year 2022 filing to $21M in the plan year 2023 filing.
  • Financial Plus Credit Union Retirement Plan reported participants rose from 153 in the plan year 2022 filing to 179 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 381439120 · Financial Plus Credit Union PY 2023 · 401(k)

Financial Plus Credit Union Retirement Plan · $21M · 179 · 74th

  • BOY $21M
  • BOY 179
  • BOY 74th
  • BOY 401(k)
  • BOY near Schmidt Associates Inc. 401(k) and Profit Sharing Plan
  • BOY ind #5379

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 →

Financial Plus Credit Union Retirement Plan in the asset neighbourhood

Financial Plus Credit Union Retirement PlanFinancial Plus Credit Union …$21MSchmidt Associates Inc. 401(k) and Profit Sharing PlanSchmidt Associates Inc. 401(…$21MThe Case Design/Remodeling, Inc. 401(k) Retirement Savings PlanThe Case Design/Remodeling, …$21MVps Companies Profit Sharing and 401(k) PlanVps Companies Profit Sharing…$21MPeoples Bank 401(k) and ESOP PlanPeoples Bank 401(k) and ESOP…$21M
End-of-year total assets ($M) among Financial Plus Credit Union Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Michigan filing particulars

Total Assets (Beginning of Year)$18M
Net Assets (End of Year)$21M
Net Income$3M
Employer EIN381439120
Plan Effective Date1970-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Financial Plus Credit Union)

Sponsor-wide plan assets over time

All Financial Plus Credit Union plans reported in each filing year

Latest sponsor-wide plan assets
$30M 70.92853854380914% vs 2022
2024 filing year
$15M$20M$25M$30M$35M 202220232024 $17.8M $30.4M ▲ +70.9%
Year Plans Participants Total Assets
2022 1 153 $18M
2023 1 179 $21M
2024 1 245 $30M

Nearby 401(k) Plans in Michigan

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Financial Plus Credit Union Retirement Plan vs. nearby 401(k) plans in Michigan, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -50510152025 Total assets ($B) Participants Financial Plus Credit Union Retirement Plan, Total assets ($B): 0.021242075 · Participants: 179Financial Plus Credit Union Retirement PlanGeneral Motors Retirement Savings Plan for Salaried Employees in the United States, Total assets ($B): 20.378449285 · Participants: 47299General Motors Retirement Savings Plan for Salaried Employees in the United StatesFord Motor Co. Savings and Stock Investment Plan for Salaried Employees, Total assets ($B): 15.588575271 · Participants: 30516Ford Motor Co. Savings and Stock Investment Plan for Salaried EmployeesThe Dow Chemical Company Employees' Savings Plan, Total assets ($B): 10.084842211 · Participants: 18088The Dow Chemical Company Employees' Savings PlanThe General Motors Personal Savings Plan for Hourly-Rate Employees in the United States, Total assets ($B): 8.580684909 · Participants: 40393The General Motors Personal Savings Plan for Hourly-Rate Employees in the United StatesFord Motor Co. Tax-Efficient Savings Plan for Hourly Employees, Total assets ($B): 7.617084451 · Participants: 59195Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees
Financial Plus Credit Union Retirement Plan vs. nearby 401(k) plans in Michigan, assets vs. participants
Compare Financial Plus Credit Union Retirement Plan side-by-side with 3 peers →

Financial Plus Credit Union Retirement Plan's out-of-state 401(k) peers by assets and headcount

Outside Michigan, the nearest 401(k) by assets is Schmidt Associates Inc. 401(k) and Profit Sharing Plan in IN ($21M); by covered participants it is Progress Unlimited Inc. 401(k) Profit Sharing Plan and Trust in MD (179 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (179 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 Financial Plus Credit Union Retirement Plan assets move in 2023? ▼
Financial Plus Credit Union Retirement Plan grew sharply - up 19.3% during 2023, from $18M to $21M. Reported net income was $3M.
How have Financial Plus Credit Union plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Financial Plus Credit Union's sponsor-wide assets grew 70.9%, from $18M to $30M.
Which 401(k) plans are similar in size to Financial Plus Credit Union Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is Schmidt Associates Inc. 401(k) and Profit Sharing Plan in IN ($21M, 108 participants).
Which 401(k) plans cover a similar participant headcount to Financial Plus Credit Union Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Progress Unlimited Inc. 401(k) Profit Sharing Plan and Trust in MD (179 participants, $4M 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 381439120.

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.