Bay Mills Indian Community 401(K) Plan — Form 5500 plan (Bay Mills Indian Community)
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, Bay Mills Indian Community 401(K) Plan is a benefit plan reported by Bay Mills Indian Community under EIN 38-1970365 and plan number 002. The latest loaded filing year is 2023. The filing reports 658 participants and $10,663,658 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$10.7MPlan net assets, end of year$10,663,658
Participants658Covered participants reported
Assets / participant$16.2KComputed: assets ÷ participants$16,206 (computed)
Provider compensation$33.6K2 Schedule C provider row(s)$33,642
- Plan sponsor
- Bay Mills Indian Community
- EIN
- 38-1970365
- Plan number
- 002
- Plan type
- 2
- Location
- Brimley, MI
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 658 | H, C | 20241015151936NAL0016732003001 |
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)$10.7M total assets
Net assets$10.7MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $10,663,658
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $10,663,658
- Net assets (BOY)
- $8,379,334
Income & contributions
- Employer contributions
- $416,081
- Participant contributions
- $737,492
- Total contributions
- $1,616,226
- Total income / additions
- $3,150,222
Expenses & distributions
- Benefits paid
- $832,256
- Administrative expenses
- $33,642
- Total expenses
- $865,898
- Net increase / (decrease)
- $2,284,324
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.
36%64%
Employer 36%Participant 64%
Total expenses ÷ net assets8%Computed ratio
Benefits paid ÷ total income26%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Newport Group, Inc. | RECORDKEEPER | $27,996 | $0 | 2023 |
| Newport Trust Company | TRUSTEE | $5,646 | $0 | 2023 |