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COMMUNITY CREDIT UNION OF FLORIDA DEFINED BENEFIT PLAN AND TRUST 401k Plan overview

Plan NameCOMMUNITY CREDIT UNION OF FLORIDA DEFINED BENEFIT PLAN AND TRUST
Plan identification number 001

COMMUNITY CREDIT UNION OF FLORIDA DEFINED BENEFIT PLAN AND TRUST Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

COMMUNITY CREDIT UNION OF FLORIDA has sponsored the creation of one or more 401k plans.

Company Name:COMMUNITY CREDIT UNION OF FLORIDA
Employer identification number (EIN):590860768
NAIC Classification:522130
NAIC Description:Credit Unions

Additional information about COMMUNITY CREDIT UNION OF FLORIDA

Jurisdiction of Incorporation: Florida Department of State Division of Corporations
Incorporation Date: 2017-04-06
Company Identification Number: Q17000000041
Legal Registered Office Address: 1030 S US HIGHWAY 1

ROCKLEDGE

32955

More information about COMMUNITY CREDIT UNION OF FLORIDA

Form 5500 Filing Information

Submission information for form 5500 for 401k plan COMMUNITY CREDIT UNION OF FLORIDA DEFINED BENEFIT PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01
0012021-01-01
0012020-01-01LESLI DOOLEY2021-07-13
0012019-01-01LESLI DOOLEY2020-09-17
0012018-01-01LESLI DOOLEY2019-07-12
0012017-01-01LESLI DOOLEY2018-07-02
0012016-01-01LESLI DOOLEY2017-06-30
0012015-01-01LESLI DOOLEY2016-06-30
0012014-01-01LESLI DOOLEY2015-06-11
0012013-01-01SHELLEY K FICK2014-06-20
0012012-01-01SHELLEY K FICK2013-09-17
0012011-01-01SHELLEY FICK2012-07-23
0012010-01-01SHELLEY FICK2011-08-30

Plan Statistics for COMMUNITY CREDIT UNION OF FLORIDA DEFINED BENEFIT PLAN AND TRUST

401k plan membership statisitcs for COMMUNITY CREDIT UNION OF FLORIDA DEFINED BENEFIT PLAN AND TRUST

Measure Date Value
2022: COMMUNITY CREDIT UNION OF FLORIDA DEFINED BENEFIT PLAN AND TRUST 2022 401k membership
Market value of plan assets2022-12-3130,643,835
Acturial value of plan assets2022-12-3130,643,835
Funding target for retired participants and beneficiaries receiving payment2022-12-3142,408
Number of terminated vested participants2022-12-3112
Fundng target for terminated vested participants2022-12-31314,285
Active participant vested funding target2022-12-315,160,829
Number of active participants2022-12-31105
Total funding liabilities for active participants2022-12-315,489,610
Total participant count2022-12-31118
Total funding target for all participants2022-12-315,846,303
Balance at beginning of prior year after applicable adjustments2022-12-314,028,133
Prefunding balance at beginning of prior year after applicable adjustments2022-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2022-12-310
Prefunding balanced used to offset prior years funding requirement2022-12-310
Amount remaining of carryover balance2022-12-314,028,133
Amount remaining of prefunding balance2022-12-310
Present value of excess contributions2022-12-314,740,086
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-315,002,213
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-310
Reductions in caryover balances due to elections or deemed elections2022-12-310
Reductions in prefunding balances due to elections or deemed elections2022-12-310
Balance of carryovers at beginning of current year2022-12-314,375,358
Balance of prefunding at beginning of current year2022-12-310
Total employer contributions2022-12-310
Total employee contributions2022-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2022-12-310
Contributions made to avoid restrictions adjusted to valuation date2022-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-12-310
Unpaid minimum required contributions for all prior years2022-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-12-310
Remaining amount of unpaid minimum required contributions2022-12-310
Minimum required contributions for current year target normal cost2022-12-31814,640
Net shortfall amortization installment of oustanding balance2022-12-310
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-310
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-310
Additional cash requirement2022-12-310
Contributions allocatedtoward minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
Total participants, beginning-of-year2022-01-01118
Total number of active participants reported on line 7a of the Form 55002022-01-0193
Number of retired or separated participants receiving benefits2022-01-011
Number of other retired or separated participants entitled to future benefits2022-01-0114
Total of all active and inactive participants2022-01-01108
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01108
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-0112
2021: COMMUNITY CREDIT UNION OF FLORIDA DEFINED BENEFIT PLAN AND TRUST 2021 401k membership
Market value of plan assets2021-12-3124,675,021
Acturial value of plan assets2021-12-3124,675,021
Funding target for retired participants and beneficiaries receiving payment2021-12-3143,147
Number of terminated vested participants2021-12-3112
Fundng target for terminated vested participants2021-12-31351,131
Active participant vested funding target2021-12-314,603,350
Number of active participants2021-12-31113
Total funding liabilities for active participants2021-12-314,896,770
Total participant count2021-12-31126
Total funding target for all participants2021-12-315,291,048
Balance at beginning of prior year after applicable adjustments2021-12-313,779,800
Prefunding balance at beginning of prior year after applicable adjustments2021-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2021-12-310
Prefunding balanced used to offset prior years funding requirement2021-12-310
Amount remaining of carryover balance2021-12-313,779,800
Amount remaining of prefunding balance2021-12-310
Present value of excess contributions2021-12-312,944,110
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-313,101,325
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-310
Reductions in caryover balances due to elections or deemed elections2021-12-310
Reductions in prefunding balances due to elections or deemed elections2021-12-310
Balance of carryovers at beginning of current year2021-12-314,028,133
Balance of prefunding at beginning of current year2021-12-310
Total employer contributions2021-12-315,000,000
Total employee contributions2021-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2021-12-310
Contributions made to avoid restrictions adjusted to valuation date2021-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-12-314,740,086
Unpaid minimum required contributions for all prior years2021-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-12-310
Remaining amount of unpaid minimum required contributions2021-12-310
Minimum required contributions for current year target normal cost2021-12-31784,927
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-310
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-310
Additional cash requirement2021-12-310
Contributions allocatedtoward minimum required contributions for current year2021-12-314,740,086
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
Total participants, beginning-of-year2021-01-01125
Total number of active participants reported on line 7a of the Form 55002021-01-0195
Number of retired or separated participants receiving benefits2021-01-011
Number of other retired or separated participants entitled to future benefits2021-01-0112
Total of all active and inactive participants2021-01-01108
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01108
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-019
2020: COMMUNITY CREDIT UNION OF FLORIDA DEFINED BENEFIT PLAN AND TRUST 2020 401k membership
Market value of plan assets2020-12-3120,490,868
Acturial value of plan assets2020-12-3120,490,868
Funding target for retired participants and beneficiaries receiving payment2020-12-3145,318
Number of terminated vested participants2020-12-3110
Fundng target for terminated vested participants2020-12-31336,010
Active participant vested funding target2020-12-313,949,955
Number of active participants2020-12-3194
Total funding liabilities for active participants2020-12-314,084,374
Total participant count2020-12-31105
Total funding target for all participants2020-12-314,465,702
Balance at beginning of prior year after applicable adjustments2020-12-313,449,982
Prefunding balance at beginning of prior year after applicable adjustments2020-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2020-12-310
Prefunding balanced used to offset prior years funding requirement2020-12-310
Amount remaining of carryover balance2020-12-313,449,982
Amount remaining of prefunding balance2020-12-310
Present value of excess contributions2020-12-313,511,652
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-313,702,686
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-310
Reductions in caryover balances due to elections or deemed elections2020-12-310
Reductions in prefunding balances due to elections or deemed elections2020-12-310
Balance of carryovers at beginning of current year2020-12-313,779,800
Balance of prefunding at beginning of current year2020-12-310
Total employer contributions2020-12-313,100,000
Total employee contributions2020-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2020-12-310
Contributions made to avoid restrictions adjusted to valuation date2020-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-12-312,944,110
Unpaid minimum required contributions for all prior years2020-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-12-310
Remaining amount of unpaid minimum required contributions2020-12-310
Minimum required contributions for current year target normal cost2020-12-31568,955
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-310
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-310
Contributions allocatedtoward minimum required contributions for current year2020-12-312,944,110
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: COMMUNITY CREDIT UNION OF FLORIDA DEFINED BENEFIT PLAN AND TRUST 2019 401k membership
Market value of plan assets2019-12-3116,201,974
Acturial value of plan assets2019-12-3116,201,974
Funding target for retired participants and beneficiaries receiving payment2019-12-3146,085
Number of terminated vested participants2019-12-3110
Fundng target for terminated vested participants2019-12-31312,202
Active participant vested funding target2019-12-313,888,543
Number of active participants2019-12-3193
Total funding liabilities for active participants2019-12-314,113,071
Total participant count2019-12-31104
Total funding target for all participants2019-12-314,471,358
Balance at beginning of prior year after applicable adjustments2019-12-313,463,490
Prefunding balance at beginning of prior year after applicable adjustments2019-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2019-12-310
Prefunding balanced used to offset prior years funding requirement2019-12-310
Amount remaining of carryover balance2019-12-313,463,490
Amount remaining of prefunding balance2019-12-310
Present value of excess contributions2019-12-31346,029
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-31365,164
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-310
Reductions in caryover balances due to elections or deemed elections2019-12-310
Reductions in prefunding balances due to elections or deemed elections2019-12-310
Balance of carryovers at beginning of current year2019-12-313,449,982
Balance of prefunding at beginning of current year2019-12-310
Total employer contributions2019-12-313,700,000
Total employee contributions2019-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2019-12-310
Contributions made to avoid restrictions adjusted to valuation date2019-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-12-313,511,652
Unpaid minimum required contributions for all prior years2019-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-12-310
Remaining amount of unpaid minimum required contributions2019-12-310
Minimum required contributions for current year target normal cost2019-12-31578,544
Net shortfall amortization installment of oustanding balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-310
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-310
Contributions allocatedtoward minimum required contributions for current year2019-12-313,511,652
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: COMMUNITY CREDIT UNION OF FLORIDA DEFINED BENEFIT PLAN AND TRUST 2018 401k membership
Market value of plan assets2018-12-3118,053,513
Acturial value of plan assets2018-12-3118,053,513
Funding target for retired participants and beneficiaries receiving payment2018-12-3145,516
Number of terminated vested participants2018-12-319
Fundng target for terminated vested participants2018-12-31432,151
Active participant vested funding target2018-12-314,522,415
Number of active participants2018-12-3193
Total funding liabilities for active participants2018-12-314,770,623
Total participant count2018-12-31103
Total funding target for all participants2018-12-315,248,290
Balance at beginning of prior year after applicable adjustments2018-12-313,237,814
Prefunding balance at beginning of prior year after applicable adjustments2018-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2018-12-310
Prefunding balanced used to offset prior years funding requirement2018-12-310
Amount remaining of carryover balance2018-12-313,237,814
Amount remaining of prefunding balance2018-12-310
Present value of excess contributions2018-12-31757,081
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-31800,613
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-310
Reductions in caryover balances due to elections or deemed elections2018-12-310
Reductions in prefunding balances due to elections or deemed elections2018-12-310
Balance of carryovers at beginning of current year2018-12-313,463,490
Balance of prefunding at beginning of current year2018-12-310
Total employer contributions2018-12-31348,230
Total employee contributions2018-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-12-310
Contributions made to avoid restrictions adjusted to valuation date2018-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-12-31346,029
Unpaid minimum required contributions for all prior years2018-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-12-310
Remaining amount of unpaid minimum required contributions2018-12-310
Minimum required contributions for current year target normal cost2018-12-31453,650
Net shortfall amortization installment of oustanding balance2018-12-310
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-310
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-310
Contributions allocatedtoward minimum required contributions for current year2018-12-31346,029
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: COMMUNITY CREDIT UNION OF FLORIDA DEFINED BENEFIT PLAN AND TRUST 2017 401k membership
Market value of plan assets2017-12-3116,506,140
Acturial value of plan assets2017-12-3116,506,140
Funding target for retired participants and beneficiaries receiving payment2017-12-310
Number of terminated vested participants2017-12-3111
Fundng target for terminated vested participants2017-12-31354,456
Active participant vested funding target2017-12-313,918,144
Number of active participants2017-12-3192
Total funding liabilities for active participants2017-12-314,136,569
Total participant count2017-12-31103
Total funding target for all participants2017-12-314,491,025
Balance at beginning of prior year after applicable adjustments2017-12-313,112,086
Prefunding balance at beginning of prior year after applicable adjustments2017-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2017-12-310
Prefunding balanced used to offset prior years funding requirement2017-12-310
Amount remaining of carryover balance2017-12-313,112,086
Amount remaining of prefunding balance2017-12-310
Present value of excess contributions2017-12-311,892,172
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-312,004,756
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-310
Reductions in caryover balances due to elections or deemed elections2017-12-310
Reductions in prefunding balances due to elections or deemed elections2017-12-310
Balance of carryovers at beginning of current year2017-12-313,237,814
Balance of prefunding at beginning of current year2017-12-310
Total employer contributions2017-12-31800,000
Total employee contributions2017-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2017-12-310
Contributions made to avoid restrictions adjusted to valuation date2017-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-12-31757,081
Unpaid minimum required contributions for all prior years2017-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-12-310
Remaining amount of unpaid minimum required contributions2017-12-310
Minimum required contributions for current year target normal cost2017-12-31414,550
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-310
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-310
Contributions allocatedtoward minimum required contributions for current year2017-12-31757,081
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: COMMUNITY CREDIT UNION OF FLORIDA DEFINED BENEFIT PLAN AND TRUST 2016 401k membership
Market value of plan assets2016-12-3114,069,624
Acturial value of plan assets2016-12-3114,069,624
Funding target for retired participants and beneficiaries receiving payment2016-12-310
Number of terminated vested participants2016-12-3111
Fundng target for terminated vested participants2016-12-31365,834
Active participant vested funding target2016-12-313,123,858
Number of active participants2016-12-3188
Total funding liabilities for active participants2016-12-313,318,142
Total participant count2016-12-3199
Total funding target for all participants2016-12-313,683,976
Balance at beginning of prior year after applicable adjustments2016-12-313,035,885
Prefunding balance at beginning of prior year after applicable adjustments2016-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2016-12-310
Prefunding balanced used to offset prior years funding requirement2016-12-310
Amount remaining of carryover balance2016-12-313,035,885
Amount remaining of prefunding balance2016-12-310
Present value of excess contributions2016-12-311,919,619
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-312,037,100
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-310
Reductions in caryover balances due to elections or deemed elections2016-12-310
Reductions in prefunding balances due to elections or deemed elections2016-12-310
Balance of carryovers at beginning of current year2016-12-313,112,086
Balance of prefunding at beginning of current year2016-12-310
Total employer contributions2016-12-312,000,000
Total employee contributions2016-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2016-12-310
Contributions made to avoid restrictions adjusted to valuation date2016-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2016-12-311,892,172
Unpaid minimum required contributions for all prior years2016-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2016-12-310
Remaining amount of unpaid minimum required contributions2016-12-310
Minimum required contributions for current year target normal cost2016-12-31425,525
Net shortfall amortization installment of oustanding balance2016-12-310
Waiver amortization installment2016-12-310
Waived amount of outstanding balance2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-310
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-310
Contributions allocatedtoward minimum required contributions for current year2016-12-311,892,172
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

Financial Data on COMMUNITY CREDIT UNION OF FLORIDA DEFINED BENEFIT PLAN AND TRUST

Measure Date Value
2022 : COMMUNITY CREDIT UNION OF FLORIDA DEFINED BENEFIT PLAN AND TRUST 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$-1,064,820
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$901,735
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$871,915
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$0
Value of total assets at end of year2022-12-31$28,677,280
Value of total assets at beginning of year2022-12-31$30,643,835
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$29,820
Total interest from all sources2022-12-31$624,204
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$168,542
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$168,542
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$9,000,000
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-1,966,555
Value of net assets at end of year (total assets less liabilities)2022-12-31$28,677,280
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$30,643,835
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Investment advisory and management fees2022-12-31$8,520
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$8,176,662
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$9,679,541
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2022-12-31$624,204
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-12-31$20,500,618
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-12-31$20,964,294
Expenses. Payments to insurance carriers foe the provision of benefits2022-12-31$80,345
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-1,857,566
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$791,570
Contract administrator fees2022-12-31$21,300
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31DOEREN MAYHEW
Accountancy firm EIN2022-12-31382492570
2021 : COMMUNITY CREDIT UNION OF FLORIDA DEFINED BENEFIT PLAN AND TRUST 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total income from all sources (including contributions)2021-12-31$7,102,559
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$1,133,745
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$1,104,485
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$5,000,000
Value of total assets at end of year2021-12-31$30,643,835
Value of total assets at beginning of year2021-12-31$24,675,021
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$29,260
Total interest from all sources2021-12-31$514,616
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$153,528
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$153,528
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$9,000,000
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$5,968,814
Value of net assets at end of year (total assets less liabilities)2021-12-31$30,643,835
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$24,675,021
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Investment advisory and management fees2021-12-31$8,360
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$9,679,541
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$7,980,528
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2021-12-31$514,616
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2021-12-31$20,964,294
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2021-12-31$16,694,493
Expenses. Payments to insurance carriers foe the provision of benefits2021-12-31$644,166
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$1,434,415
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31Yes
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$5,000,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$460,319
Contract administrator fees2021-12-31$20,900
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31DOEREN MAYHEW
Accountancy firm EIN2021-12-31382492570

Form 5500 Responses for COMMUNITY CREDIT UNION OF FLORIDA DEFINED BENEFIT PLAN AND TRUST

2022: COMMUNITY CREDIT UNION OF FLORIDA DEFINED BENEFIT PLAN AND TRUST 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes
2021: COMMUNITY CREDIT UNION OF FLORIDA DEFINED BENEFIT PLAN AND TRUST 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedYes
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement – InsuranceYes
2021-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

CUNA MUTUAL GROUP (National Association of Insurance Commissioners NAIC id number: 62626 )
Policy contract number009-0327-5
Policy instance 1
Insurance contract or identification number009-0327-5
Number of Individuals Covered108
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration1
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
CUNA MUTUAL GROUP (National Association of Insurance Commissioners NAIC id number: 62626 )
Policy contract number009-0327-5
Policy instance 1
Insurance contract or identification number009-0327-5
Number of Individuals Covered108
Insurance policy start date2021-01-01
Insurance policy end date2021-12-31
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

Potentially related plans

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