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.
Key reported metrics
- Plan sponsor
- Bay Mills Indian Community
- EIN
- 38-1970365
- Plan number
- 002
- Plan type
- 2
- Location
- Brimley, MI
- Latest filing year
- 2023
- Participants
- 658
- End-of-year plan assets
- $10,663,658
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 658 | H, C | 20241015151936NAL0016732003001 |
Reported financial statement (2023 · Schedule H)
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
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 |