Allsouth Federal Credit Union Defined Benefit Plan and Trust

Defined Benefit (Pension) · DOL Form 5500 · 2023

What the Filing Says About Allsouth Federal Credit Union Defined Benefit Plan and Trust

Allsouth Federal Credit Union Defined Benefit Plan and Trust is a Defined Benefit (Pension) retirement plan sponsored by Allsouth Federal Credit Union, headquartered in South Carolina. According to the U.S. Department of Labor's 2023 Form 5500 filing, the plan reports $101M in total end-of-year assets and covers 282 participants across the Finance & Insurance industry. The sponsor's EIN on file with the U.S. Department of Labor is 570407742, and the plan has been effective since 1973-11-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets grew at a solid clip from $90M at the beginning of 2023 to $101M at year-end - up 12.9%. Net assets (after liabilities) closed the year at $101M, with reported net income of $12M 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.

Across the 3 plan years Allsouth Federal Credit Union has on file with PlainRetire (2022-2024), sponsor-wide plan assets have moved from $100M to $14M, a decline of 86.3%, while reported participants moved from 575 to 323 (-43.8%). The strongest year on file by total sponsor assets was 2023 at $113M; the softest was 2024 at $14M. Year-by-year, sponsor-wide filings show: 2022 - $100M in assets across 2 plans covering 575 participants; 2023 - $113M in assets across 2 plans covering 593 participants; 2024 - $14M in assets across 1 plan covering 323 participants.

By assets, Allsouth Federal Credit Union Defined Benefit Plan and Trust outranks 91% of the 126,618 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 1.0x the national average plan size of $100M and 730 average participants.

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.

How the percentile is calculated: we count every plan that filed a 2023 Form 5500 with a reported end-of-year asset figure (126,618 plans), rank Allsouth Federal Credit Union Defined Benefit Plan and Trust against all of them by total assets, and report the share of those plans it outranks. A plan reporting no asset figure for the year is excluded from the ranking rather than assumed to be zero.