Lake Forest Academy Defined Contribution Plan — Form 5500 plan (Lake Forest Academy)
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 Forest Academy Defined Contribution Plan is a benefit plan reported by Lake Forest Academy under EIN 36-2216167 and plan number 001. The latest loaded filing year is 2023. The filing reports 172 participants and $37,318,265 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Lake Forest Academy
- EIN
- 36-2216167
- Plan number
- 001
- Plan type
- 2
- Location
- Lake Forest, IL
- Latest filing year
- 2023
- Participants
- 172
- End-of-year plan assets
- $37,318,265
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 172 | H, C | 20240926102202NAL0000974080001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $37,318,265
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $37,318,265
- Net assets (BOY)
- $30,714,016
Income & contributions
- Employer contributions
- $1,043,224
- Participant contributions
- $1,135,049
- Total contributions
- $2,193,765
- Total income / additions
- $7,853,771
Expenses & distributions
- Benefits paid
- $1,142,574
- Administrative expenses
- $106,948
- Total expenses
- $1,249,522
- Net increase / (decrease)
- $6,604,249
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $106,948 | $0 | 2023 |
| Faircourt Partners, LLC | INVESTMENT ADVISORY | $0 | $60,312 | 2023 |