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TROPICAL FINANCIAL CREDIT UNION 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameTROPICAL FINANCIAL CREDIT UNION 401(K) PROFIT SHARING PLAN
Plan identification number 003

TROPICAL FINANCIAL CREDIT UNION 401(K) PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • 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

TROPICAL FINANCIAL CREDIT UNION has sponsored the creation of one or more 401k plans.

Company Name:TROPICAL FINANCIAL CREDIT UNION
Employer identification number (EIN):590637653
NAIC Classification:522130
NAIC Description:Credit Unions

Form 5500 Filing Information

Submission information for form 5500 for 401k plan TROPICAL FINANCIAL CREDIT UNION 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032022-01-01
0032021-01-01
0032020-01-01
0032019-01-01ELIZABETH JIMENEZ2020-07-06
0032018-01-01ELIZABETH JIMENEZ2019-06-26
0032017-01-01
0032016-01-01
0032015-01-01
0032014-01-01
0032013-01-01
0032012-01-01ELIZABETH JIMENEZ
0032011-01-01RALPH F. CHEPLAK
0032009-01-01ROSE AMBERSON

Plan Statistics for TROPICAL FINANCIAL CREDIT UNION 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for TROPICAL FINANCIAL CREDIT UNION 401(K) PROFIT SHARING PLAN

Measure Date Value
2022: TROPICAL FINANCIAL CREDIT UNION 401(K) PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01203
Total number of active participants reported on line 7a of the Form 55002022-01-01177
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-0144
Total of all active and inactive participants2022-01-01221
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01221
Number of participants with account balances2022-01-016
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-012
2021: TROPICAL FINANCIAL CREDIT UNION 401(K) PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01209
Total number of active participants reported on line 7a of the Form 55002021-01-01156
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0147
Total of all active and inactive participants2021-01-01203
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01203
Number of participants with account balances2021-01-01198
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-0124
2020: TROPICAL FINANCIAL CREDIT UNION 401(K) PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01212
Total number of active participants reported on line 7a of the Form 55002020-01-01161
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-0147
Total of all active and inactive participants2020-01-01208
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01208
Number of participants with account balances2020-01-01197
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-0124
2019: TROPICAL FINANCIAL CREDIT UNION 401(K) PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-01222
Total number of active participants reported on line 7a of the Form 55002019-01-01171
Number of retired or separated participants receiving benefits2019-01-017
Number of other retired or separated participants entitled to future benefits2019-01-0134
Total of all active and inactive participants2019-01-01212
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-01212
Number of participants with account balances2019-01-01196
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-0114
2018: TROPICAL FINANCIAL CREDIT UNION 401(K) PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-01227
Total number of active participants reported on line 7a of the Form 55002018-01-01166
Number of retired or separated participants receiving benefits2018-01-017
Number of other retired or separated participants entitled to future benefits2018-01-0149
Total of all active and inactive participants2018-01-01222
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-01222
Number of participants with account balances2018-01-01209
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-018
2017: TROPICAL FINANCIAL CREDIT UNION 401(K) PROFIT SHARING PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-01191
Total number of active participants reported on line 7a of the Form 55002017-01-01173
Number of retired or separated participants receiving benefits2017-01-016
Number of other retired or separated participants entitled to future benefits2017-01-0148
Total of all active and inactive participants2017-01-01227
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-01227
Number of participants with account balances2017-01-01211
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-0114
2016: TROPICAL FINANCIAL CREDIT UNION 401(K) PROFIT SHARING PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-01201
Total number of active participants reported on line 7a of the Form 55002016-01-01142
Number of retired or separated participants receiving benefits2016-01-015
Number of other retired or separated participants entitled to future benefits2016-01-0142
Total of all active and inactive participants2016-01-01189
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-01189
Number of participants with account balances2016-01-01177
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-0112
2015: TROPICAL FINANCIAL CREDIT UNION 401(K) PROFIT SHARING PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-01202
Total number of active participants reported on line 7a of the Form 55002015-01-01151
Number of retired or separated participants receiving benefits2015-01-0142
Number of other retired or separated participants entitled to future benefits2015-01-014
Total of all active and inactive participants2015-01-01197
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-01197
Number of participants with account balances2015-01-01186
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-017
2014: TROPICAL FINANCIAL CREDIT UNION 401(K) PROFIT SHARING PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-01209
Total number of active participants reported on line 7a of the Form 55002014-01-01150
Number of retired or separated participants receiving benefits2014-01-018
Number of other retired or separated participants entitled to future benefits2014-01-0141
Total of all active and inactive participants2014-01-01199
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-01199
Number of participants with account balances2014-01-01179
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-0115
2013: TROPICAL FINANCIAL CREDIT UNION 401(K) PROFIT SHARING PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-01221
Total number of active participants reported on line 7a of the Form 55002013-01-01155
Number of retired or separated participants receiving benefits2013-01-016
Number of other retired or separated participants entitled to future benefits2013-01-0136
Total of all active and inactive participants2013-01-01197
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-01197
Number of participants with account balances2013-01-01172
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-019
2012: TROPICAL FINANCIAL CREDIT UNION 401(K) PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-01217
Total number of active participants reported on line 7a of the Form 55002012-01-01168
Number of retired or separated participants receiving benefits2012-01-014
Number of other retired or separated participants entitled to future benefits2012-01-0133
Total of all active and inactive participants2012-01-01205
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-01205
Number of participants with account balances2012-01-01184
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-015
2011: TROPICAL FINANCIAL CREDIT UNION 401(K) PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-01267
Total number of active participants reported on line 7a of the Form 55002011-01-01177
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-0135
Total of all active and inactive participants2011-01-01212
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-01212
Number of participants with account balances2011-01-01193
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-0114
2009: TROPICAL FINANCIAL CREDIT UNION 401(K) PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-01289
Total number of active participants reported on line 7a of the Form 55002009-01-01232
Number of retired or separated participants receiving benefits2009-01-013
Number of other retired or separated participants entitled to future benefits2009-01-0145
Total of all active and inactive participants2009-01-01280
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01280
Number of participants with account balances2009-01-01252
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-0116

Financial Data on TROPICAL FINANCIAL CREDIT UNION 401(K) PROFIT SHARING PLAN

Measure Date Value
2022 : TROPICAL FINANCIAL CREDIT UNION 401(K) PROFIT SHARING PLAN 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$0
Total income from all sources (including contributions)2022-12-31$-1,210,015
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$669,993
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$608,422
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$1,227,077
Value of total assets at end of year2022-12-31$15,944,927
Value of total assets at beginning of year2022-12-31$17,824,935
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$61,571
Total interest from all sources2022-12-31$20,517
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$256,878
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$256,878
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$8,000,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$823,826
Participant contributions at end of year2022-12-31$369,307
Participant contributions at beginning of year2022-12-31$360,396
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$110,921
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-1,880,008
Value of net assets at end of year (total assets less liabilities)2022-12-31$15,944,927
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$17,824,935
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$38,984
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$12,768,112
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$15,423,396
Interest on participant loans2022-12-31$20,375
Value of interest in common/collective trusts at end of year2022-12-31$2,806,784
Value of interest in common/collective trusts at beginning of year2022-12-31$1,980,269
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2022-12-31$724
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2022-12-31$60,874
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2022-12-31$60,874
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2022-12-31$142
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-2,774,690
Net investment gain or loss from common/collective trusts2022-12-31$60,203
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
Contributions received in cash from employer2022-12-31$292,330
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$608,422
Contract administrator fees2022-12-31$22,587
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 name2022-12-31BDO USA, P.C.
Accountancy firm EIN2022-12-31135381590
2021 : TROPICAL FINANCIAL CREDIT UNION 401(K) PROFIT SHARING PLAN 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$3,391,389
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$1,102,890
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$1,043,391
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$1,148,577
Value of total assets at end of year2021-12-31$17,824,935
Value of total assets at beginning of year2021-12-31$15,536,436
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$59,499
Total interest from all sources2021-12-31$21,538
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$208,702
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$208,702
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$8,000,000
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$763,679
Participant contributions at end of year2021-12-31$360,396
Participant contributions at beginning of year2021-12-31$322,395
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$44,055
Total non interest bearing cash at end of year2021-12-31$0
Total non interest bearing cash at beginning of year2021-12-31$0
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$2,288,499
Value of net assets at end of year (total assets less liabilities)2021-12-31$17,824,935
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$15,536,436
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$38,131
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$15,423,396
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$13,387,089
Interest on participant loans2021-12-31$21,538
Value of interest in common/collective trusts at end of year2021-12-31$1,980,269
Value of interest in common/collective trusts at beginning of year2021-12-31$1,792,955
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2021-12-31$60,874
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2021-12-31$33,997
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2021-12-31$33,997
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$1,971,829
Net investment gain or loss from common/collective trusts2021-12-31$40,743
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
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$340,843
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$1,043,391
Contract administrator fees2021-12-31$21,368
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 name2021-12-31BDO USA, LLP
Accountancy firm EIN2021-12-31135381590
2020 : TROPICAL FINANCIAL CREDIT UNION 401(K) PROFIT SHARING PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total income from all sources (including contributions)2020-12-31$3,355,015
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$1,130,566
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$1,015,864
Value of total corrective distributions2020-12-31$39,254
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$1,411,939
Value of total assets at end of year2020-12-31$15,536,436
Value of total assets at beginning of year2020-12-31$13,311,987
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$75,448
Total interest from all sources2020-12-31$25,726
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$193,346
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$193,346
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$8,000,000
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$808,906
Participant contributions at end of year2020-12-31$322,395
Participant contributions at beginning of year2020-12-31$402,774
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$238,077
Total non interest bearing cash at end of year2020-12-31$0
Total non interest bearing cash at beginning of year2020-12-31$53,440
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$2,224,449
Value of net assets at end of year (total assets less liabilities)2020-12-31$15,536,436
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$13,311,987
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Investment advisory and management fees2020-12-31$41,146
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$13,387,089
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$11,607,472
Interest on participant loans2020-12-31$25,726
Value of interest in common/collective trusts at end of year2020-12-31$1,792,955
Value of interest in common/collective trusts at beginning of year2020-12-31$1,248,301
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2020-12-31$33,997
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2020-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2020-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$1,699,346
Net investment gain or loss from common/collective trusts2020-12-31$24,658
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$364,956
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$1,015,864
Contract administrator fees2020-12-31$34,302
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Unqualified
Accountancy firm name2020-12-31BDO USA, LLP
Accountancy firm EIN2020-12-31135381590
2019 : TROPICAL FINANCIAL CREDIT UNION 401(K) PROFIT SHARING PLAN 2019 401k financial data
Total income from all sources (including contributions)2019-12-31$3,272,663
Total of all expenses incurred2019-12-31$675,256
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$618,895
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$1,045,655
Value of total assets at end of year2019-12-31$13,311,987
Value of total assets at beginning of year2019-12-31$10,714,580
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$56,361
Total interest from all sources2019-12-31$31,308
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$612,587
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$612,587
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$8,000,000
If this is an individual account plan, was there a blackout period2019-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$669,718
Participant contributions at end of year2019-12-31$402,774
Participant contributions at beginning of year2019-12-31$364,301
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$57,326
Total non interest bearing cash at end of year2019-12-31$53,440
Total non interest bearing cash at beginning of year2019-12-31$33,313
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$2,597,407
Value of net assets at end of year (total assets less liabilities)2019-12-31$13,311,987
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$10,714,580
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$11,607,472
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$9,168,312
Interest on participant loans2019-12-31$25,015
Interest earned on other investments2019-12-31$6,293
Value of interest in common/collective trusts at end of year2019-12-31$1,248,301
Value of interest in common/collective trusts at beginning of year2019-12-31$1,148,654
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$1,583,113
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$318,611
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$618,895
Contract administrator fees2019-12-31$56,361
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31MORRISON, BROWN, ARGIZ & FARRA, LLC
Accountancy firm EIN2019-12-31010720052
2018 : TROPICAL FINANCIAL CREDIT UNION 401(K) PROFIT SHARING PLAN 2018 401k financial data
Total income from all sources (including contributions)2018-12-31$408,060
Total of all expenses incurred2018-12-31$1,372,862
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$1,308,832
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$858,107
Value of total assets at end of year2018-12-31$10,714,580
Value of total assets at beginning of year2018-12-31$11,679,382
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$64,030
Total interest from all sources2018-12-31$29,430
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$698,006
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2018-12-31$698,006
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$8,000,000
If this is an individual account plan, was there a blackout period2018-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$631,508
Participant contributions at end of year2018-12-31$364,301
Participant contributions at beginning of year2018-12-31$312,243
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$37,855
Total non interest bearing cash at end of year2018-12-31$33,313
Total non interest bearing cash at beginning of year2018-12-31$36,910
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$-964,802
Value of net assets at end of year (total assets less liabilities)2018-12-31$10,714,580
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$11,679,382
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$9,135,000
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$11,330,229
Interest on participant loans2018-12-31$18,272
Interest earned on other investments2018-12-31$11,158
Value of interest in common/collective trusts at end of year2018-12-31$1,181,966
Value of interest in common/collective trusts at beginning of year2018-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-1,177,483
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Contributions received in cash from employer2018-12-31$188,744
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$1,308,832
Contract administrator fees2018-12-31$64,030
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31MORRISON, BROWN, ARGIZ & FARRA, LLC
Accountancy firm EIN2018-12-31010720052
2017 : TROPICAL FINANCIAL CREDIT UNION 401(K) PROFIT SHARING PLAN 2017 401k financial data
Total transfer of assets to this plan2017-12-31$756,553
Total income from all sources (including contributions)2017-12-31$2,284,174
Total of all expenses incurred2017-12-31$582,170
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$533,388
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$784,289
Value of total assets at end of year2017-12-31$11,679,382
Value of total assets at beginning of year2017-12-31$9,220,825
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$48,782
Total interest from all sources2017-12-31$23,265
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$8,000,000
If this is an individual account plan, was there a blackout period2017-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$528,001
Participant contributions at end of year2017-12-31$312,243
Participant contributions at beginning of year2017-12-31$238,828
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$69,088
Total non interest bearing cash at end of year2017-12-31$36,910
Total non interest bearing cash at beginning of year2017-12-31$26,674
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$1,702,004
Value of net assets at end of year (total assets less liabilities)2017-12-31$11,679,382
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$9,220,825
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$11,330,229
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$8,955,323
Interest on participant loans2017-12-31$12,698
Interest earned on other investments2017-12-31$10,567
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$1,476,620
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$187,200
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$533,388
Contract administrator fees2017-12-31$48,782
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32017-12-31Yes
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31MORRISON, BROWN, ARGIZ & FARRA, LLP
Accountancy firm EIN2017-12-31010720052
2016 : TROPICAL FINANCIAL CREDIT UNION 401(K) PROFIT SHARING PLAN 2016 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$650
Total income from all sources (including contributions)2016-12-31$1,136,700
Total of all expenses incurred2016-12-31$1,257,242
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$1,213,544
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$581,205
Value of total assets at end of year2016-12-31$9,220,825
Value of total assets at beginning of year2016-12-31$9,342,017
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$43,698
Total interest from all sources2016-12-31$24,013
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$8,000,000
If this is an individual account plan, was there a blackout period2016-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$453,080
Participant contributions at end of year2016-12-31$238,828
Participant contributions at beginning of year2016-12-31$312,840
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2016-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2016-12-31$650
Total non interest bearing cash at end of year2016-12-31$26,674
Total non interest bearing cash at beginning of year2016-12-31$25,723
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$-120,542
Value of net assets at end of year (total assets less liabilities)2016-12-31$9,220,825
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$9,341,367
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$8,955,323
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$9,003,454
Interest on participant loans2016-12-31$13,597
Interest earned on other investments2016-12-31$10,416
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$531,482
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31No
Was there a failure to transmit to the plan any participant contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Contributions received in cash from employer2016-12-31$128,125
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$1,213,544
Contract administrator fees2016-12-31$43,698
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31MORRISON, BROWN, ARGIZ & FARRA, LLP
Accountancy firm EIN2016-12-31010720052
2015 : TROPICAL FINANCIAL CREDIT UNION 401(K) PROFIT SHARING PLAN 2015 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$650
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total income from all sources (including contributions)2015-12-31$913,054
Total of all expenses incurred2015-12-31$1,168,159
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$1,134,685
Expenses. Certain deemed distributions of participant loans2015-12-31$530
Value of total corrective distributions2015-12-31$1,814
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$659,575
Value of total assets at end of year2015-12-31$9,342,017
Value of total assets at beginning of year2015-12-31$9,596,472
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$31,130
Total interest from all sources2015-12-31$22,297
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$8,000,000
If this is an individual account plan, was there a blackout period2015-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$440,026
Participant contributions at end of year2015-12-31$312,840
Participant contributions at beginning of year2015-12-31$340,675
Income. Received or receivable in cash from other sources (including rollovers)2015-12-31$89,182
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2015-12-31$650
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2015-12-31$0
Total non interest bearing cash at end of year2015-12-31$25,723
Total non interest bearing cash at beginning of year2015-12-31$11,016
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$-255,105
Value of net assets at end of year (total assets less liabilities)2015-12-31$9,341,367
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$9,596,472
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Investment advisory and management fees2015-12-31$7,985
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$9,003,454
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$8,924,213
Interest on participant loans2015-12-31$13,319
Interest earned on other investments2015-12-31$8,978
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2015-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2015-12-31$320,568
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$-179,780
Net investment gain/loss from pooled separate accounts2015-12-31$410,962
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
Was there a failure to transmit to the plan any participant contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Contributions received in cash from employer2015-12-31$130,367
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$1,134,685
Contract administrator fees2015-12-31$23,145
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32015-12-31Yes
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31MORRISON, BROWN, ARGIZ & FARRA, LLP
Accountancy firm EIN2015-12-31010720052
2014 : TROPICAL FINANCIAL CREDIT UNION 401(K) PROFIT SHARING PLAN 2014 401k financial data
Total income from all sources (including contributions)2014-12-31$1,138,466
Total of all expenses incurred2014-12-31$1,293,267
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$1,268,700
Value of total corrective distributions2014-12-31$3,010
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$620,359
Value of total assets at end of year2014-12-31$9,596,472
Value of total assets at beginning of year2014-12-31$9,751,273
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$21,557
Total interest from all sources2014-12-31$23,258
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$8,000,000
If this is an individual account plan, was there a blackout period2014-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Contributions received from participants2014-12-31$439,696
Participant contributions at end of year2014-12-31$340,675
Participant contributions at beginning of year2014-12-31$364,481
Income. Received or receivable in cash from other sources (including rollovers)2014-12-31$56,538
Total non interest bearing cash at end of year2014-12-31$11,016
Total non interest bearing cash at beginning of year2014-12-31$9,112
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$-154,801
Value of net assets at end of year (total assets less liabilities)2014-12-31$9,596,472
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$9,751,273
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Investment advisory and management fees2014-12-31$16,683
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-12-31$8,924,213
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$9,059,718
Interest on participant loans2014-12-31$14,441
Interest earned on other investments2014-12-31$8,817
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2014-12-31$320,568
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2014-12-31$317,962
Net investment gain/loss from pooled separate accounts2014-12-31$494,849
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31No
Was there a failure to transmit to the plan any participant contributions2014-12-31No
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Contributions received in cash from employer2014-12-31$124,125
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$1,268,700
Contract administrator fees2014-12-31$4,874
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31Yes
Opinion of an independent qualified public accountant for this plan2014-12-31Disclaimer
Accountancy firm name2014-12-31MORRISON, BROWN, ARGIZ & FARRA, LLP
Accountancy firm EIN2014-12-31010720052
2013 : TROPICAL FINANCIAL CREDIT UNION 401(K) PROFIT SHARING PLAN 2013 401k financial data
Total income from all sources (including contributions)2013-12-31$2,208,049
Total of all expenses incurred2013-12-31$1,787,613
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$1,772,013
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$614,281
Value of total assets at end of year2013-12-31$9,751,273
Value of total assets at beginning of year2013-12-31$9,330,837
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$15,600
Total interest from all sources2013-12-31$14,241
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$8,000,000
If this is an individual account plan, was there a blackout period2013-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Contributions received from participants2013-12-31$468,359
Participant contributions at end of year2013-12-31$364,481
Participant contributions at beginning of year2013-12-31$279,456
Income. Received or receivable in cash from other sources (including rollovers)2013-12-31$20,538
Total non interest bearing cash at end of year2013-12-31$9,112
Total non interest bearing cash at beginning of year2013-12-31$10,940
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Value of net income/loss2013-12-31$420,436
Value of net assets at end of year (total assets less liabilities)2013-12-31$9,751,273
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$9,330,837
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-12-31No
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Investment advisory and management fees2013-12-31$9,716
Value of interest in registered invesment companies (eg mutual funds) at end of year2013-12-31$9,059,718
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-12-31$8,585,377
Interest on participant loans2013-12-31$14,314
Interest earned on other investments2013-12-31$-73
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2013-12-31$317,962
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2013-12-31$455,064
Net investment gain/loss from pooled separate accounts2013-12-31$1,579,527
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31No
Was there a failure to transmit to the plan any participant contributions2013-12-31No
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Contributions received in cash from employer2013-12-31$125,384
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$1,772,013
Contract administrator fees2013-12-31$5,884
Did the plan have assets held for investment2013-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31Yes
Opinion of an independent qualified public accountant for this plan2013-12-31Disclaimer
Accountancy firm name2013-12-31MORRISON, BROWN, ARGIZ & FARRA, LLP
Accountancy firm EIN2013-12-31010720052
2012 : TROPICAL FINANCIAL CREDIT UNION 401(K) PROFIT SHARING PLAN 2012 401k financial data
Total income from all sources (including contributions)2012-12-31$1,670,236
Total of all expenses incurred2012-12-31$886,253
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$864,442
Value of total corrective distributions2012-12-31$7,326
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$641,045
Value of total assets at end of year2012-12-31$9,330,837
Value of total assets at beginning of year2012-12-31$8,546,854
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$14,485
Total interest from all sources2012-12-31$12,343
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$8,000,000
If this is an individual account plan, was there a blackout period2012-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Contributions received from participants2012-12-31$505,658
Participant contributions at end of year2012-12-31$279,456
Participant contributions at beginning of year2012-12-31$34,126
Income. Received or receivable in cash from other sources (including rollovers)2012-12-31$289
Administrative expenses (other) incurred2012-12-31$12
Total non interest bearing cash at end of year2012-12-31$10,940
Total non interest bearing cash at beginning of year2012-12-31$4,385
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$783,983
Value of net assets at end of year (total assets less liabilities)2012-12-31$9,330,837
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$8,546,854
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Investment advisory and management fees2012-12-31$8,994
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-12-31$8,585,377
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$7,989,129
Interest on participant loans2012-12-31$7,303
Interest earned on other investments2012-12-31$5,040
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2012-12-31$455,064
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2012-12-31$519,214
Net investment gain/loss from pooled separate accounts2012-12-31$1,016,848
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31No
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Contributions received in cash from employer2012-12-31$135,098
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$864,442
Contract administrator fees2012-12-31$5,479
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31Yes
Opinion of an independent qualified public accountant for this plan2012-12-31Disclaimer
Accountancy firm name2012-12-31MORRISON, BROWN, ARGIZ & FARRA, LLP
Accountancy firm EIN2012-12-31010720052
2011 : TROPICAL FINANCIAL CREDIT UNION 401(K) PROFIT SHARING PLAN 2011 401k financial data
Total income from all sources (including contributions)2011-12-31$508,374
Total of all expenses incurred2011-12-31$1,152,622
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$1,126,432
Value of total corrective distributions2011-12-31$11,400
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$668,390
Value of total assets at end of year2011-12-31$8,546,854
Value of total assets at beginning of year2011-12-31$9,191,102
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$14,790
Total interest from all sources2011-12-31$8,139
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$8,000,000
If this is an individual account plan, was there a blackout period2011-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$498,872
Participant contributions at end of year2011-12-31$34,126
Participant contributions at beginning of year2011-12-31$0
Participant contributions at end of year2011-12-31$0
Participant contributions at beginning of year2011-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$148,035
Administrative expenses (other) incurred2011-12-31$85
Total non interest bearing cash at end of year2011-12-31$4,385
Total non interest bearing cash at beginning of year2011-12-31$42,406
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$-644,248
Value of net assets at end of year (total assets less liabilities)2011-12-31$8,546,854
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$9,191,102
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Investment advisory and management fees2011-12-31$10,230
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$7,989,129
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$8,604,485
Interest on participant loans2011-12-31$832
Interest earned on other investments2011-12-31$7,307
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2011-12-31$519,214
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2011-12-31$544,211
Net investment gain/loss from pooled separate accounts2011-12-31$-168,155
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Contributions received in cash from employer2011-12-31$21,483
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$1,126,432
Contract administrator fees2011-12-31$4,475
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31Yes
Opinion of an independent qualified public accountant for this plan2011-12-31Disclaimer
Accountancy firm name2011-12-31MORRISON, BROWN, ARGIZ & FARRA, LLP
Accountancy firm EIN2011-12-31010720052
2010 : TROPICAL FINANCIAL CREDIT UNION 401(K) PROFIT SHARING PLAN 2010 401k financial data
Total unrealized appreciation/depreciation of assets2010-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total income from all sources (including contributions)2010-12-31$1,852,843
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$1,746,299
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$1,719,219
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$824,031
Value of total assets at end of year2010-12-31$9,191,102
Value of total assets at beginning of year2010-12-31$9,084,558
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$27,080
Total interest from all sources2010-12-31$10,313
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Administrative expenses professional fees incurred2010-12-31$13,757
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$8,000,000
If this is an individual account plan, was there a blackout period2010-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$579,044
Participant contributions at end of year2010-12-31$0
Participant contributions at beginning of year2010-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$109,511
Total non interest bearing cash at end of year2010-12-31$42,406
Total non interest bearing cash at beginning of year2010-12-31$23,717
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$106,544
Value of net assets at end of year (total assets less liabilities)2010-12-31$9,191,102
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$9,084,558
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Investment advisory and management fees2010-12-31$13,323
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$8,604,485
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$8,534,138
Value of interest in pooled separate accounts at end of year2010-12-31$0
Value of interest in pooled separate accounts at beginning of year2010-12-31$0
Interest earned on other investments2010-12-31$10,313
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2010-12-31$544,211
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2010-12-31$526,703
Net investment gain/loss from pooled separate accounts2010-12-31$1,018,499
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Contributions received in cash from employer2010-12-31$135,476
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$1,719,219
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31Yes
Opinion of an independent qualified public accountant for this plan2010-12-31Disclaimer
Accountancy firm name2010-12-31MORRISON, BROWN, ARGIZ & FARRA,LLC
Accountancy firm EIN2010-12-31274677688
2009 : TROPICAL FINANCIAL CREDIT UNION 401(K) PROFIT SHARING PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for TROPICAL FINANCIAL CREDIT UNION 401(K) PROFIT SHARING PLAN

2022: TROPICAL FINANCIAL CREDIT UNION 401(K) PROFIT SHARING PLAN 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: TROPICAL FINANCIAL CREDIT UNION 401(K) PROFIT SHARING PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
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
2020: TROPICAL FINANCIAL CREDIT UNION 401(K) PROFIT SHARING PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – InsuranceYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement – InsuranceYes
2020-01-01Plan benefit arrangement - TrustYes
2019: TROPICAL FINANCIAL CREDIT UNION 401(K) PROFIT SHARING PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Plan funding arrangement – InsuranceYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement – InsuranceYes
2019-01-01Plan benefit arrangement - TrustYes
2018: TROPICAL FINANCIAL CREDIT UNION 401(K) PROFIT SHARING PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Plan funding arrangement – InsuranceYes
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement – InsuranceYes
2018-01-01Plan benefit arrangement - TrustYes
2017: TROPICAL FINANCIAL CREDIT UNION 401(K) PROFIT SHARING PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Plan funding arrangement – InsuranceYes
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement – InsuranceYes
2017-01-01Plan benefit arrangement - TrustYes
2016: TROPICAL FINANCIAL CREDIT UNION 401(K) PROFIT SHARING PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Plan funding arrangement – InsuranceYes
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement – InsuranceYes
2016-01-01Plan benefit arrangement - TrustYes
2015: TROPICAL FINANCIAL CREDIT UNION 401(K) PROFIT SHARING PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Plan funding arrangement – InsuranceYes
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement – InsuranceYes
2015-01-01Plan benefit arrangement - TrustYes
2014: TROPICAL FINANCIAL CREDIT UNION 401(K) PROFIT SHARING PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Plan funding arrangement – InsuranceYes
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement – InsuranceYes
2014-01-01Plan benefit arrangement - TrustYes
2013: TROPICAL FINANCIAL CREDIT UNION 401(K) PROFIT SHARING PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Plan funding arrangement – InsuranceYes
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement – InsuranceYes
2013-01-01Plan benefit arrangement - TrustYes
2012: TROPICAL FINANCIAL CREDIT UNION 401(K) PROFIT SHARING PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Plan funding arrangement – InsuranceYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement – InsuranceYes
2012-01-01Plan benefit arrangement - TrustYes
2011: TROPICAL FINANCIAL CREDIT UNION 401(K) PROFIT SHARING PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Plan funding arrangement – InsuranceYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement – InsuranceYes
2011-01-01Plan benefit arrangement - TrustYes
2009: TROPICAL FINANCIAL CREDIT UNION 401(K) PROFIT SHARING PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement – InsuranceYes
2009-01-01Plan benefit arrangement - TrustYes

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