Wellspring Child & Family Service 403(B) Retirement Plan — Form 5500 plan (Lutheran Child & Family Service Of Michigan)
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, Wellspring Child & Family Service 403(B) Retirement Plan is a benefit plan reported by Lutheran Child & Family Service Of Michigan under EIN 38-1359524 and plan number 003. The latest loaded filing year is 2023. The filing reports 352 participants and $1,528,079 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$1.5MPlan net assets, end of year$1,528,079
Participants352Covered participants reported
Assets / participant$4.3KComputed: assets ÷ participants$4,341 (computed)
Provider compensation$27.1K3 Schedule C provider row(s)$27,084
- Plan sponsor
- Lutheran Child & Family Service Of Michigan
- EIN
- 38-1359524
- Plan number
- 003
- Plan type
- 2
- Location
- Saginaw, MI
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 352 | H, C | 20240730100546NAL0019850737001 |
Schedule H · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Reported balance (end of year)$1.5M total assets
Net assets$1.5MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $1,528,079
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $1,528,079
- Net assets (BOY)
- $1,220,604
Income & contributions
- Employer contributions
- $42,664
- Participant contributions
- $212,359
- Total contributions
- $255,023
- Total income / additions
- $470,091
Expenses & distributions
- Benefits paid
- $142,313
- Administrative expenses
- $20,303
- Total expenses
- $162,616
- Net increase / (decrease)
- $307,475
Computed from reported fields
Reported ratios
Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.
17%83%
Employer 17%Participant 83%
Total expenses ÷ net assets11%Computed ratio
Benefits paid ÷ total income30%Computed ratio
Provider comp. ÷ net assets2%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Empower Annuity Ins Co Of America | RECORDKEEPER | $16,372 | $0 | 2023 |
| Mmlis | BROKER/ADVISOR | $0 | $5,724 | 2023 |
| The Michigan Pension Group, Inc. | CONTRACT ADMINISTRATOR | $3,932 | $1,056 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Lutheran Child & Family Service Of Michigan
- 2023 Form 5500 filing
- Form 5500 filings in MI
- 401(k) and benefit plan filings in Saginaw, MI
- Empower Annuity Ins Co Of America — Schedule C compensation
- Mmlis — Schedule C compensation
- The Michigan Pension Group, Inc. — Schedule C compensation