Defined Benefit (Pension) · DOL Form 5500 · 2024

Sovita Credit Union Pension Plan

Data updated 2026-08-25

$14M
Total assets Small plan by assets
62
Participants Small participant base
64th
Percentile by assets National rank
$233,025
Avg per participant Above avg balance/head
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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.

  • #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.

#4,082
in Finance & Insurance (8,549 peers)
+2.3%
assets growth YoY

Sovita Credit Union Cash Balance Defined Benefit Plan and Trust's mid-pack asset rank among Finance & Insurance and all filers

Sovita Credit Union Cash Balance Defined Benefit Plan and Trust vs every filed plan by assets

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

$14,447,523 Top 36% higher than 64% 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

Sovita Credit Union Cash Balance Defined Benefit Plan and Trust among smaller filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Sovita Credit Union Cash Balance Defined Benefit Plan and Trust is a small filing (62 participants) on this national headcount ladder.

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.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 380546210 · Sovita Credit Union PY 2024 · Defined Benefit (Pension)

Sovita Credit Union Cash Balance Defined Benefit Plan and Trust · $14M · 62 · 64th

  • BOOK $14M
  • BOOK 62
  • BOOK 64th
  • BOOK Defined Benefit (Pension)
  • BOOK near Pension Plan for All Eligible Employees of Elliott Company
  • BOOK ind #4082

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 →

Sovita Credit Union Cash Balance Defined Benefit Plan and Trust in the asset neighbourhood

Maspeth Federal Savings & Loan Association Pension TrustMaspeth Federal Savings & Lo…$14MSovita Credit Union Cash Balance Defined Benefit Plan and TrustSovita Credit Union Cash Bal…$14MPension Plan for All Eligible Employees of Elliott CompanyPension Plan for All Eligibl…$14MU.S. Silver-Idaho, Inc. Hourly-Rated Retirement PlanU.S. Silver-Idaho, Inc. Hour…$14MTrane Pension Plan$14M
End-of-year total assets ($M) among Sovita Credit Union Cash Balance Defined Benefit Plan and Trust and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Filing particulars (2024)

Total Assets (Beginning of Year)$14M
Net Assets (End of Year)$14M
Net Income$324K
Employer EIN380546210
Plan Effective Date1969-08-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Sovita Credit Union)

Sponsor-wide plan assets over time

All Sovita Credit Union plans reported in each filing year

Latest sponsor-wide plan assets
$14M 2.296420887766543% vs 2023
2024 filing year
$14M$14.1M$14.2M$14.3M$14.4M$14.5M 20232024 $14.1M $14.5M ▲ +2.3%
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 Scatter plot of 6 data points. -100000100002000030000 -1001020304050 Total assets ($B) Participants Sovita Credit Union Cash Balance Defined Benefit Plan and Trust, Total assets ($B): 0.014447523 · Participants: 62Sovita Credit Union Cash Balance Defined Benefit Plan and TrustGeneral Motors Hourly-Rate Employees Pension Plan, Total assets ($B): 42.453822995 · Participants: 15648General Motors Hourly-Rate Employees Pension PlanFord Motor Company UAW Retirement Plan, Total assets ($B): 17.842898898 · Participants: 25742Ford Motor Company UAW Retirement PlanFord Motor Company General Retirement Plan, Total assets ($B): 12.116125366 · Participants: 8585Ford Motor Company General Retirement PlanDow Employees' Pension Plan, Total assets ($B): 10.930410978 · Participants: 6888Dow Employees' Pension PlanFca US LLC UAW Pension Agreement, Total assets ($B): 10.255300049 · Participants: 12752Fca US LLC UAW Pension Agreement
Sovita Credit Union Cash Balance Defined Benefit Plan and Trust vs. nearby Defined Benefit (Pension) plans in Michigan, assets vs. participants
Compare Sovita Credit Union Cash Balance Defined Benefit Plan and Trust side-by-side with 3 peers →

Sovita Credit Union Cash Balance Defined Benefit Plan and Trust's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Michigan, the nearest Defined Benefit (Pension) by assets is Pension Plan for All Eligible Employees of Elliott Company in PA ($14M); by covered participants it is GE Aviation Systems Pension Plan for UAW Local 330 Union Employees of the Grand Rapids, Mi Division in OH (62 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (62 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 Sovita Credit Union Cash Balance Defined Benefit Plan and Trust assets move in 2024? ▼
Sovita Credit Union Cash Balance Defined Benefit Plan and Trust edged up modestly - up 2.3% during 2024, from $14M to $14M. Reported net income was $324K.
How have Sovita Credit Union plan assets changed over time? ▼
Across 2 plan years on file (2023-2024), Sovita Credit Union's sponsor-wide assets grew 2.3%, from $14M to $14M.
Which Defined Benefit (Pension) plans are similar in size to Sovita Credit Union Cash Balance Defined Benefit Plan and Trust? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Pension Plan for All Eligible Employees of Elliott Company in PA ($14M, 408 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Sovita Credit Union Cash Balance Defined Benefit Plan and Trust? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is GE Aviation Systems Pension Plan for UAW Local 330 Union Employees of the Grand Rapids, Mi Division in OH (62 participants, $24M 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 380546210.

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.