Defined Benefit (Pension) · DOL Form 5500 · 2024
Sovita Credit Union Pension Plan
Data updated 2026-08-11
- $14M
- Total assets
- 62
- Participants
- 64th
- Percentile by assets
- $233,025
- Avg per participant
Official DOL plan name: Sovita Credit Union Cash Balance Defined Benefit Plan and Trust · Sponsored by Sovita Credit Union · Michigan · Finance & Insurance
$14M in assets, 62 participants
Sovita Credit Union's Sovita Credit Union Cash Balance Defined Benefit Plan and Trust reported $14M in total assets and 62 participants in its 2024 DOL Form 5500 filing, ranking in the 64th 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.
- 64th percentile by assets (of 123,622 plans)
- #4,082 in Finance & Insurance (8,549 peers)
What the 2024 filing shows
Sovita Credit Union Cash Balance Defined Benefit Plan and Trust holds $14M for 62 participants - about $233,025 per participant, above the median plan by assets.
- $14M
- total plan assets (2024 EOY)
- 62
- covered participants
- 64th
- percentile by assets (of 123,622 plans)
- $233,025
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Sovita Credit Union Cash Balance Defined Benefit Plan and Trust reported net income rose from $279K in the plan year 2023 filing to $324K in the plan year 2024 filing.
- Sovita Credit Union Cash Balance Defined Benefit Plan and Trust reported participants fell from 67 in the plan year 2023 filing to 62 in the plan year 2024 filing.
- Sovita Credit Union Cash Balance Defined Benefit Plan and Trust end-of-year assets rose from $14M in the plan year 2023 filing to $14M in the plan year 2024 filing.
Defined Benefit (Pension) filing for Sovita Credit Union Cash Balance Defined Benefit Plan and Trust
Defined Benefit (Pension) filing for plan year 2024: EIN 380546210 ; effective since 1969-08-01 ; filing status FILING RECEIVED. Verify the certified figures on DOL EFAST2.
Filing particulars (2024)
| Total Assets (Beginning of Year) | $14M |
|---|---|
| Net Assets (End of Year) | $14M |
| Net Income | $324K |
| Employer EIN | 380546210 |
| Plan Effective Date | 1969-08-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Sovita Credit Union)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2023 | 1 | 67 | $14M |
| 2024 | 1 | 62 | $14M |
Nearby Defined Benefit (Pension) Plans in Michigan
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Sovita Credit Union Cash Balance Defined Benefit Plan and Trust vs. nearby Defined Benefit (Pension) plans in Michigan, assets vs. participants
- General Motors Hourly-Rate Employees Pension Plan $42.5B · 15,648
- Ford Motor Company UAW Retirement Plan $17.8B · 25,742
- Ford Motor Company General Retirement Plan $12.1B · 8,585
- Dow Employees' Pension Plan $10.9B · 6,888
- Fca US LLC UAW Pension Agreement $10.3B · 12,752
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Sovita Credit Union Cash Balance Defined Benefit Plan and Trust by total assets, not by location.
Frequently Asked Questions
How did Sovita Credit Union Cash Balance Defined Benefit Plan and Trust assets move in 2024? ▼
How have Sovita Credit Union plan assets changed over time? ▼
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Next read for Sovita Credit Union Cash Balance Defined…
Filing takeaways
Ways to act on Sovita Credit Union Cash Balance Defined Benefit Plan and Trust's numbers.
- By total assets, Sovita Credit Union Cash Balance Defined Benefit Plan and Trust ranks above the median plan by assets. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Michigan. Compare plans
- Sovita Credit Union's sponsor-wide assets have grown 2.3% since 2023 across 2 plan years on file. More Finance & Insurance plans