Cyprus Federal Credit Union Cash Balance Defined Benefit Plan And Trust — Form 5500 plan (Cyprus Federal 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, Cyprus Federal Credit Union Cash Balance Defined Benefit Plan And Trust is a benefit plan reported by Cyprus Federal Credit Union under EIN 87-0127320 and plan number 001. The latest loaded filing year is 2023. The filing reports 497 participants and $39,912,945 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Cyprus Federal Credit Union
- EIN
- 87-0127320
- Plan number
- 001
- Plan type
- 2
- Location
- West Jordan, UT
- Latest filing year
- 2023
- Participants
- 497
- End-of-year plan assets
- $39,912,945
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 497 | H, C | 20241015124111NAL0016411907001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $39,912,945
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $39,912,945
- Net assets (BOY)
- $34,638,700
Income & contributions
- Employer contributions
- $2,541,300
- Total contributions
- $2,541,300
- Total income / additions
- $7,206,681
Expenses & distributions
- Benefits paid
- $1,791,290
- Administrative expenses
- $141,146
- Total expenses
- $1,932,436
- Net increase / (decrease)
- $5,274,245
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Cmfg Life Insurance Company | NONE | $112,917 | $0 | 2023 |
| Members Capital Advisors, Inc. | NONE | $28,229 | not reported in the loaded dataset | 2023 |