Plan5500

Lake Michigan Credit Union Cash Balance Defined Benefit Plan And Trust — Form 5500 plan (Lake Michigan 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, Lake Michigan Credit Union Cash Balance Defined Benefit Plan And Trust is a benefit plan reported by Lake Michigan Credit Union under EIN 38-1215360 and plan number 001. The latest loaded filing year is 2023. The filing reports 1,768 participants and $43,084,544 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Lake Michigan Credit Union
EIN
38-1215360
Plan number
001
Plan type
2
Location
Grand Rapids, MI
Latest filing year
2023
Participants
1,768
End-of-year plan assets
$43,084,544

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
20231,768H, C20240730104522NAL0020565201001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$43,084,544
Total liabilities (EOY)
$0
Net assets (EOY)
$43,084,544
Net assets (BOY)
$42,012,991

Income & contributions

Total contributions
$0
Total income / additions
$5,272,416

Expenses & distributions

Benefits paid
$4,074,457
Administrative expenses
$126,406
Total expenses
$4,200,863
Net increase / (decrease)
$1,071,553

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Cmfg Life Insurance CompanyNONE$90,290$02023
Members Capital Advisors, Inc.NONE$36,116not reported in the loaded dataset2023

Related Form 5500 pages