Lake Trust Credit Union 401(K) Plan — Form 5500 plan (Lake Trust 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 Trust Credit Union 401(K) Plan is a benefit plan reported by Lake Trust Credit Union under EIN 38-1250516 and plan number 002. The latest loaded filing year is 2023. The filing reports 714 participants and $47,585,402 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Lake Trust Credit Union
- EIN
- 38-1250516
- Plan number
- 002
- Plan type
- 2
- Location
- Brighton, MI
- Latest filing year
- 2023
- Participants
- 714
- End-of-year plan assets
- $47,585,402
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 714 | H, C | 20241015102312NAL0014394403001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $47,585,402
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $47,585,402
- Net assets (BOY)
- $39,139,413
Income & contributions
- Employer contributions
- $1,425,542
- Participant contributions
- $2,178,289
- Total contributions
- $3,763,741
- Total income / additions
- $10,786,946
Expenses & distributions
- Benefits paid
- $2,224,923
- Administrative expenses
- $116,034
- Total expenses
- $2,340,957
- Net increase / (decrease)
- $8,445,989
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Voya Retirement Insurance & Annuity | SERVICE PROVIDER | $111,469 | $0 | 2023 |
| Gallagher Benefit Services Inc | SERVICE PROVIDER | $0 | $63,663 | 2023 |