Defined Benefit (Pension) · DOL Form 5500 · 2024

Island Federal Credit Union Pension Plan

Data updated 2026-08-25

$39M
Total assets Below avg plan size
106
Participants Small participant base
81st
Percentile by assets National rank
$364,099
Avg per participant High balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Island Federal Credit Union Retirement Income Plan and Trust · Sponsored by Island Federal Credit Union · New York · Finance & Insurance

$39M in assets, 106 participants

Island Federal Credit Union's Island Federal Credit Union Retirement Income Plan and Trust reported $39M in total assets and 106 participants in its 2024 DOL Form 5500 filing, ranking in the 81st 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.

  • #6,024 in Finance & Insurance (8,549 peers)

Coverage in New York

Island Federal Credit Union Retirement Income Plan and Trust covers 106 participants in New York, about 13% of the average New York filer (state average ~798 per filing). Assets: $39M.

#6,024
in Finance & Insurance (8,549 peers)
-1.5%
assets change YoY
0.4×
vs typical plan assets (national mean)

The plan reported a net loss of $570K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Island Federal Credit Union Retirement Income Plan and Trust's outsized position by total assets

Island Federal Credit Union Retirement Income Plan and Trust vs every filed plan by assets

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

$38,594,447 Top 19% higher than 81% 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

Island Federal Credit Union Retirement Income Plan and Trust 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. Island Federal Credit Union Retirement Income Plan and Trust sits mid-pack in the medium band (106 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Island Federal Credit Union Retirement Income Plan and Trust reported net income fell from $5M in the plan year 2023 filing to -$570K in the plan year 2024 filing.
  • Island Federal Credit Union Retirement Income Plan and Trust reported participants fell from 120 in the plan year 2023 filing to 106 in the plan year 2024 filing.
  • Island Federal Credit Union Retirement Income Plan and Trust end-of-year assets fell from $39M in the plan year 2023 filing to $39M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 111814791 · Island Federal Credit Union PY 2024 · Defined Benefit (Pension)

Island Federal Credit Union Retirement Income Plan and Trust · $39M · 106 · 81st

  • IND $39M
  • EOY 106
  • 5500 81st
  • ASSETS Defined Benefit (Pension)
  • PCT near Retirement Plan for Employees of the Academy of Motion Picture Arts & Sciences
  • EIN ind #6024

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 New York →

Island Federal Credit Union Retirement Income Plan and Trust in the asset neighbourhood

Gkn Aerospace Pension Plan$39MCincinnati Incorporated Employees' Retirement Pension PlanCincinnati Incorporated Empl…$39MRetirement Plan for Employees of the Academy of Motion Picture Arts & SciencesRetirement Plan for Employee…$39MIsland Federal Credit Union Retirement Income Plan and TrustIsland Federal Credit Union …$39MVirgin Islands Telephone Corporation Pension Plan for Hourly EmployeesVirgin Islands Telephone Cor…$39M
End-of-year total assets ($M) among Island Federal Credit Union Retirement Income Plan and Trust and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

New York filing particulars

Total Assets (Beginning of Year)$39M
Net Assets (End of Year)$39M
Net Income-$570K
Employer EIN111814791
Plan Effective Date1971-08-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Island Federal Credit Union)

Sponsor-wide plan assets over time

All Island Federal Credit Union plans reported in each filing year

Latest sponsor-wide plan assets
$60M 21.941928140662917% vs 2022
2024 filing year
$45M$50M$55M$60M$65M 202220232024 $49M $59.7M ▲ +21.9%
Year Plans Participants Total Assets
2022 2 255 $49M
2023 2 261 $57M
2024 2 258 $60M

Nearby Defined Benefit (Pension) Plans in New York

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

Island Federal Credit Union Retirement Income Plan and Trust vs. nearby Defined Benefit (Pension) plans in New York, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -505101520 Total assets ($B) Participants Island Federal Credit Union Retirement Income Plan and Trust, Total assets ($B): 0.038594447 · Participants: 106Island Federal Credit Union Retirement Income Plan and TrustIBM Personal Pension Plan, Total assets ($B): 17.919858993 · Participants: 48014IBM Personal Pension Plan1199seiu Health Care Employees Pension Fund, Total assets ($B): 16.913316696 · Participants: 1118331199seiu Health Care Employees Pension FundConsolidated Edison Retirement Plan, Total assets ($B): 15.588456377 · Participants: 10608Consolidated Edison Retirement PlanPfizer Consolidated Pension Plan, Total assets ($B): 9.970337119 · Participants: 8876Pfizer Consolidated Pension PlanGE Energy Pension Plan, Total assets ($B): 8.92290143 · Participants: 5829GE Energy Pension Plan
Island Federal Credit Union Retirement Income Plan and Trust vs. nearby Defined Benefit (Pension) plans in New York, assets vs. participants
Compare Island Federal Credit Union Retirement Income Plan and Trust side-by-side with 3 peers →

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

Outside New York, the nearest Defined Benefit (Pension) by assets is Retirement Plan for Employees of the Academy of Motion Picture Arts & Sciences in CA ($39M); by covered participants it is State Volunteer Mutual Insurance Company Retirement Plan in TN (106 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (106 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 Island Federal Credit Union Retirement Income Plan and Trust assets move in 2024? ▼
Island Federal Credit Union Retirement Income Plan and Trust edged down modestly - down 1.5% during 2024, from $39M to $39M. Reported net income was -$570K.
How have Island Federal Credit Union plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Island Federal Credit Union's sponsor-wide assets grew 21.9%, from $49M to $60M.
Where does Island Federal Credit Union Retirement Income Plan and Trust rank by assets among Form 5500 filers? ▼
Island Federal Credit Union Retirement Income Plan and Trust ranks in the 81st percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Island Federal Credit Union Retirement Income Plan and Trust? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Retirement Plan for Employees of the Academy of Motion Picture Arts & Sciences in CA ($39M, 512 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Island Federal Credit Union Retirement Income Plan and Trust? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is State Volunteer Mutual Insurance Company Retirement Plan in TN (106 participants, $57M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 111814791.

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.