Floridacentral Credit Union Employee Savings Plan — Form 5500 plan (Floridacentral Credit Union)

Plain-English plan 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, Floridacentral Credit Union Employee Savings Plan is a benefit plan reported by Floridacentral Credit Union under EIN 59-0857430 and plan number 001. The latest loaded filing year is 2023. The filing reports 153 participants and $10,105,992 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$10.1MPlan net assets, end of year$10,105,992
Participants153Covered participants reported
Assets / participant$66.1KComputed: assets ÷ participants$66,052 (computed)
Provider compensation$39.2K2 Schedule C provider row(s)$39,182
Plan sponsor
Floridacentral Credit Union
EIN
59-0857430
Plan number
001
Plan type
2
Location
Tampa, FL
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023153H, C20240726161947NAL0010404947001
Schedule H · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$10.1M total assets
Net assets$10.1MLiabilities$0
Money in vs. money out
Total income / additions$2.7M
Total expenses$3.2M
Benefits paid / distributions$3.2M
Contributions
Employer$252.9K
Participant$508.4K
Full reported line items

Net assets

Total assets (EOY)
$10,105,992
Total liabilities (EOY)
$0
Net assets (EOY)
$10,105,992
Net assets (BOY)
$10,592,722

Income & contributions

Employer contributions
$252,942
Participant contributions
$508,359
Total contributions
$1,326,080
Total income / additions
$2,719,499

Expenses & distributions

Benefits paid
$3,167,053
Administrative expenses
$39,176
Total expenses
$3,206,229
Net increase / (decrease)
-$486,730
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)
Employer 33%Participant 67%
Total expenses ÷ net assets32%Computed ratio
Benefits paid ÷ total income116%Computed ratio
Provider comp. ÷ net assets0%Computed ratio

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Principal Life Insurance CompanyCONTRACT ADMINISTRATOR$26,781$02023
Merrill Lynch Pierce Fenner & SmithCONSULTANT$12,393$82023

Related Form 5500 pages