2023 Form 5500 filing — Tropical Financial Credit Union 401(K) Profit Sharing Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241001074809NAL0003121379001) for Tropical Financial Credit Union 401(K) Profit Sharing Plan, reported by Tropical Financial Credit Union under EIN 59-0637653 and plan number 003. It reports 221 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241001074809NAL0003121379001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Tropical Financial Credit Union
- EIN
- 59-0637653
- Plan number
- 003
- Location
- Miramar, FL
- Participants
- 221
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $15,923,254
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $15,923,254
- Employer contributions
- $405,570
- Participant contributions
- $892,528
- Total income / additions
- $3,759,987
- Benefits paid
- $3,720,655
- Administrative expenses
- $59,073
- Total expenses
- $3,781,660
- Net increase / (decrease)
- -$21,673
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| United Capital Financial Advisors | INVESTMENT ADVISOR | $36,917 | not reported in the loaded dataset |
| John Hancock | RETAINED BY EMPLOYER | $22,156 | $0 |