Defined Benefit (Pension) · DOL Form 5500 · 2024

Virginia Federal Credit Union Pension Plan

Data updated 2026-08-25

$106M
Total assets Near avg plan size
640
Participants Below avg headcount
91st
Percentile by assets National rank
$165,887
Avg per participant Above avg balance/head
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Official DOL plan name: Virginia Federal Credit Union Defined Benefit Plan · Sponsored by Virginia Federal Credit Union · Virginia · Finance & Insurance

$106M in assets, 640 participants

Virginia Federal Credit Union's Virginia Federal Credit Union Defined Benefit Plan reported $106M in total assets and 640 participants in its 2024 DOL Form 5500 filing, ranking in the 91st 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.

  • #7,322 in Finance & Insurance (8,549 peers)

Where Virginia Federal Credit Union Defined Benefit Plan sits by assets

Virginia Federal Credit Union Defined Benefit Plan sits in the top 10% of all filed plans by assets, $106M for 640 participants (~$165,887/participant), up 10.5% in 2024.

#7,322
in Finance & Insurance (8,549 peers)
+10.5%
assets growth YoY
1.1×
vs typical plan assets (national mean)

Virginia Federal Credit Union Defined Benefit Plan's outsized position by total assets

Virginia Federal Credit Union Defined Benefit Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$106,167,763 Top 9% higher than 91% of 123,620 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 2024

Virginia Federal Credit Union Defined Benefit Plan among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Virginia Federal Credit Union Defined Benefit Plan sits mid-pack in the medium band (640 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Virginia Federal Credit Union Defined Benefit Plan reported net income fell from $18M in the plan year 2023 filing to $10M in the plan year 2024 filing.
  • Virginia Federal Credit Union Defined Benefit Plan end-of-year assets rose from $96M in the plan year 2023 filing to $106M in the plan year 2024 filing.
  • Virginia Federal Credit Union Defined Benefit Plan reported participants rose from 619 in the plan year 2023 filing to 640 in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 540578719 · Virginia Federal Credit Union PY 2024 · Defined Benefit (Pension)

Virginia Federal Credit Union Defined Benefit Plan · $106M · 640 · 91st

  • EBSA $106M
  • EBSA 640
  • EBSA 91st
  • EBSA Defined Benefit (Pension)
  • EBSA near IBEW Local 712 Pension Trust Fund
  • EBSA ind #7322

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 Virginia →

Virginia Federal Credit Union Defined Benefit Plan in the asset neighbourhood

Retirement Benefit Plan of Gciu Detroit Newspaper Union 13n with Detroit Area Newspaper PublishersRetirement Benefit Plan of G…$106MRetirement Plan for Employees of Yakima Valley Memorial HospitalRetirement Plan for Employee…$106MVirginia Federal Credit Union Defined Benefit PlanVirginia Federal Credit Unio…$106MIBEW Local 712 Pension Trust FundIBEW Local 712 Pension Trust…$106MHogan Lovells US LLP Cash Balance PlanHogan Lovells US LLP Cash Ba…$106M
End-of-year total assets ($M) among Virginia Federal Credit Union Defined Benefit Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$96M
Net Assets (End of Year)$106M
Net Income$10M
Employer EIN540578719
Plan Effective Date1972-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Virginia Federal Credit Union)

Sponsor-wide plan assets over time

All Virginia Federal Credit Union plans reported in each filing year

Latest sponsor-wide plan assets
$215M 40.837000471333425% vs 2022
2024 filing year
$140M$160M$180M$200M$220M$240M 202220232024 $153M $215M ▲ +40.8%
Year Plans Participants Total Assets
2022 2 1,329 $153M
2023 2 1,366 $187M
2024 2 1,417 $215M

Nearby Defined Benefit (Pension) Plans in Virginia

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

Virginia Federal Credit Union Defined Benefit Plan vs. nearby Defined Benefit (Pension) plans in Virginia, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -505101520 Total assets ($B) Participants Virginia Federal Credit Union Defined Benefit Plan, Total assets ($B): 0.106167763 · Participants: 640Virginia Federal Credit Union Defined Benefit PlanNorthrop Grumman Pension Plan, Total assets ($B): 18.781759216 · Participants: 12678Northrop Grumman Pension PlanRetirement Security Plan, Total assets ($B): 11.481735153 · Participants: 56633Retirement Security PlanSheet Metal Workers' National Pension Fund, Total assets ($B): 8.902237059 · Participants: 63530Sheet Metal Workers' National Pension FundNg Space&mission Systems Corp Salaried Pension Pla, Total assets ($B): 8.398702873 · Participants: 6737Ng Space&mission Systems Corp Salaried Pension PlaDominion Energy Pension Plan, Total assets ($B): 8.332769083 · Participants: 11758Dominion Energy Pension Plan
Virginia Federal Credit Union Defined Benefit Plan vs. nearby Defined Benefit (Pension) plans in Virginia, assets vs. participants

Virginia Federal Credit Union Defined Benefit Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Virginia, the nearest Defined Benefit (Pension) by assets is IBEW Local 712 Pension Trust Fund in PA ($106M); by covered participants it is Convergys Corporation Pension Plan in OH (640 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (640 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Virginia Federal Credit Union Defined Benefit Plan assets move in 2024?
Virginia Federal Credit Union Defined Benefit Plan grew at a solid clip - up 10.5% during 2024, from $96M to $106M. Reported net income was $10M.
How have Virginia Federal Credit Union plan assets changed over time?
Across 3 plan years on file (2022-2024), Virginia Federal Credit Union's sponsor-wide assets grew 40.8%, from $153M to $215M.
Where does Virginia Federal Credit Union Defined Benefit Plan rank by assets among Form 5500 filers?
Virginia Federal Credit Union Defined Benefit Plan ranks in the 91st percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 10% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Virginia Federal Credit Union Defined Benefit Plan?
Among Defined Benefit (Pension) plans in other states, the closest by assets is IBEW Local 712 Pension Trust Fund in PA ($106M, 668 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Virginia Federal Credit Union Defined Benefit Plan?
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Convergys Corporation Pension Plan in OH (640 participants, $115M in assets).