Plan Snapshot
- Plan Sponsor: Tropical Financial Credit Union
- Sponsor EIN: 590637653
- Sponsor Address: 3050 CORPORATE WAY, MIRAMAR, FL, 33025
- Plan Type: 401(k)
- Total Participants: 176
- Total Assets: $18.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 176 | $18.4M | $353,815 | $869,700 |
| 2023 | 179 | $15.9M | $405,570 | $892,528 |
| 2022 | 177 | $15.9M | $292,330 | $823,826 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| ASSURANCE DIMENSIONS | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ASSURANCE DIMENSIONS — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $69,206 | $48,452 | $20,754 | — | — |
| 2023 | $59,073 | $36,917 | $22,156 | — | — |
| 2022 | $61,571 | $38,984 | $22,587 | — | — |