Michigan › Finance and insurance › 100 to 249 participants
Form 5500 statement · plan year 1 Jul 2024 to 30 Jun 2025
Adventure Credit Union Cash Balance Defined Benefit Plan and Trust
Sponsored by Adventure Credit Union, Grand Rapids, MI
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
In the plan year ending 30 Jun 2025, Adventure Credit Union Cash Balance Defined Benefit Plan and Trust covered 134 participants and held $8.9M in net assets. The plan is a cash balance pension plan sponsored by Adventure Credit Union of Grand Rapids, Michigan.
Net assets came to $66,688 per participant, below the $80,635 median for defined benefit plans with 100 to 249 participants and well below the $119,983 median for defined benefit plans in finance and insurance. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
The filing reports no service provider compensation on Schedule C. That is common where fees are paid by the employer or taken from investment returns, neither of which appears there. Administrative expenses charged to the plan were $0.
Across the filings on record, net assets went from $4.9M in 2017 to $8.9M in 2024 (up 82%), and participants from 115 to 134 (up 17%).
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $66,688 | $80,635 | $119,983 | $86,221 |
| Employer contributions per active participant | — | $9,975 | $7,849 | $10,244 |
| Schedule C compensation per participant | — | $451 | $352 | $344 |
| Schedule C compensation, share of net assets | — | 0.52% | 0.32% | 0.42% |
| Administrative expenses per participant | — | $582 | $433 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 100 to 249 participants (1,156 plans), finance and insurance (690) and all US plans (5,308). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 134 | $8.9M | $66,687 | — | — | $0 |
| 2023 | 128 | $8.9M | $69,258 | — | — | $0 |
| 2022 | 124 | $8.0M | $64,847 | $300K | — | $0 |
| 2021 | 115 | $7.2M | $62,704 | $3.5M | — | $0 |
| 2020 | 119 | $5.2M | $43,563 | — | — | $0 |
| 2019 | 113 | $4.6M | $41,018 | — | — | $0 |
| 2018 | 122 | $5.1M | $41,730 | $586K | — | $0 |
| 2017 | 115 | $4.9M | $42,652 | — | — | $0 |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$8,864,729
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$0
- Total income, including investment results$730,847
- Benefits paid$659,447
- Administrative expenses$0
- Total expenses$659,447
- Net income$71,400
- Net transfers$0
- Net assets, end of year$8,936,129
Participants
- Active participants97
- Retired or separated, receiving benefits1
- Retired or separated, entitled to future benefits36
- Total participants, end of year134
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| CMFG Life Insurance Company | Actuarial; Recordkeeping and information management; Consulting (pension); Participant communication | $0 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Registered investment companies (mutual funds)$8.9M · 100.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmPlante Moran
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $5,000,000
- Blackout period during the year—
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
1ABenefits are primarily pay related1CCash balance or similar plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 522130: Credit Unions.
Similar plans in Michigan
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Public Service Credit Union Cash Balance Pension Plan | Public Service Credit Union | 166 | $16.1M | $97,054 |
| Sovita Credit Union Cash Balance Defined Benefit Plan and Trust | Sovita Credit Union | 107 | $14.4M | $135,024 |
| Isabella Bank Corporation Employee Retirement Plan | Isabella Bank Corporation | 174 | $7.5M | $43,361 |
| True Community Credit Union Cash Balance Defined Benefit Plan and Trust | True Community Credit Union | 242 | $27.9M | $115,353 |
| Health Alliance Plan Retirement Plan | Health Alliance Plan of Michigan | 656 | $52.0M | $79,275 |
| Delta Dental Plan of Michigan, Inc. Hourly Rated Pension Plan | Delta Dental Plan of Michigan, Inc. | 911 | $56.7M | $62,239 |
Defined benefit plans in finance and insurance closest in size.
Questions and answers
How big is Adventure Credit Union Cash Balance Defined Benefit Plan and Trust?
134 participants at the end of the plan year ending 30 Jun 2025, of whom 97 were active employees, with net assets of $8,936,129. Among defined benefit plans that places it in the 100 to 249 participants band, which held 1,156 plans in plan year 2024.
What does Adventure Credit Union contribute per participant?
This filing has no Schedule H financial statement, so employer contributions are not reported here.
What fees does the plan pay and how do they compare?
Schedule C reports no provider compensation for the year. Administrative expenses on Schedule H were $0. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Adventure Credit Union. Recordkeeping or administration: CMFG Life Insurance Company. The financial statements were audited by Plante Moran. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jul 2024 to 30 Jun 2025, received by the Department of Labor on 15 Apr 2026. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 38-0855535, plan 004, received 15 Apr 2026; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.