Great Lakes Credit Union 401(K) Plan — Form 5500 plan (Great Lakes Credit Union)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Great Lakes Credit Union 401(K) Plan is a benefit plan reported by Great Lakes Credit Union under EIN 36-1163912 and plan number 003. The latest loaded filing year is 2023. The filing reports 346 participants and $19,952,109 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Great Lakes Credit Union
- EIN
- 36-1163912
- Plan number
- 003
- Plan type
- 2
- Location
- Bannockburn, IL
- Latest filing year
- 2023
- Participants
- 346
- End-of-year plan assets
- $19,952,109
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 346 | H, C | 20241015180229NAL0029327329001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $19,952,109
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $19,952,109
- Net assets (BOY)
- $17,063,353
Income & contributions
- Employer contributions
- $651,872
- Participant contributions
- $1,284,005
- Total contributions
- $2,277,162
- Total income / additions
- $5,094,654
Expenses & distributions
- Benefits paid
- $2,137,627
- Administrative expenses
- $30,248
- Total expenses
- $2,205,898
- Net increase / (decrease)
- $2,888,756
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $30,247 | $0 | 2023 |