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Company:
Tropical Financial Credit Union
Plan:
Tropical Financial Credit Union 401k/Profit Sharing Plan
 

Tropical Financial Credit Union

61 Plan: Tropical Financial Credit Union 401k/Profit Sharing Plan

 
 
61
23
65
81
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 20 point difference between this plan's BrightScope Rating (61) and the top rated plan (81) could equate to:
[How is this calculated?]
10 additional years of work
Up to $82,000 in lost retirement savings.
The delay in retirement calculations apply solely to this defined contribution plan and do not take into account other retirement plans and programs offered by this employer.

 

Retirement Plan Description

Tropical Financial Credit Union 401k/Profit Sharing Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 61. This plan is in the top 15% of plans for Investment Menu Quality. Tropical Financial Credit Union 401k/Profit Sharing Plan currently has over 200 active participants and over $9.1M in plan assets.

 

 
Plan Component Ratings

 Retirement Plan Details

Address 3050 Corporate Way
Miramar, FL 33025 
Industry Credit Unions
Administrator Rose Amberson
Net Plan Assets $9,060,000
Total Participants 280
Avg Account Balance $32,000

 Compare Other Companies in Peer Group

California Credit Union 69.7
Safe Federal Credit Union 69.4
Oregon Community Credit Union 69.3
Numerica Credit Union 65.2
Andrews Federal Credit Union 63.2
SELCO Community Credit Union 63.1

 Top 3 Funds in this 401k

1. John Hancock Funds II Lifestyle Growth 17%
2. John Hancock Funds II Lifestyle Balanced 15%
3. John Hancock Money Market 7%

  Plan Service Providers

Insurance Carrier John Hancock
Insurance Advisor/Broker Capital Planning Group, LLC
Recordkeeper Sentinel Benefits
Recordkeeper John Hancock
Auditor Gerson, Preston, Robinson & Co.
Insurance Advisor/Broker Girard Securities, Inc.

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