2023 Form 5500 filing — Cyprus Federal Credit Union Cash Balance Defined Benefit Plan And Trust
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 20241015124111NAL0016411907001) for Cyprus Federal Credit Union Cash Balance Defined Benefit Plan And Trust, reported by Cyprus Federal Credit Union under EIN 87-0127320 and plan number 001. It reports 497 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015124111NAL0016411907001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Cyprus Federal Credit Union
- EIN
- 87-0127320
- Plan number
- 001
- Location
- West Jordan, UT
- Participants
- 497
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $39,912,945
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $39,912,945
- Employer contributions
- $2,541,300
- Total income / additions
- $7,206,681
- Benefits paid
- $1,791,290
- Administrative expenses
- $141,146
- Total expenses
- $1,932,436
- Net increase / (decrease)
- $5,274,245
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Cmfg Life Insurance Company | NONE | $112,917 | $0 |
| Members Capital Advisors, Inc. | NONE | $28,229 | not reported in the loaded dataset |