Lac Vieux Desert Band Of Lake Superior Chippewa Indians 401(K) Plan — Form 5500 plan (Lac Vieux Desert Band Of Lake Superior Chippewa)

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, Lac Vieux Desert Band Of Lake Superior Chippewa Indians 401(K) Plan is a benefit plan reported by Lac Vieux Desert Band Of Lake Superior Chippewa under EIN 38-2629283 and plan number 001. The latest loaded filing year is 2023. The filing reports 507 participants and $6,687,534 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$6.7MPlan net assets, end of year$6,680,979
Participants507Covered participants reported
Assets / participant$13.2KComputed: assets ÷ participants$13,190 (computed)
Provider compensation$26K3 Schedule C provider row(s)$25,977
Plan sponsor
Lac Vieux Desert Band Of Lake Superior Chippewa
EIN
38-2629283
Plan number
001
Plan type
2
Location
Watersmeet, MI
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023507H, C20241015183207NAL0030635025001
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)$6.7M total assets
Net assets$6.7MLiabilities$6.6K
Money in vs. money out
Total income / additions$2.5M
Total expenses$480K
Benefits paid / distributions$443.1K
Contributions
Employer$621.7K
Participant$809.4K
Full reported line items

Net assets

Total assets (EOY)
$6,687,534
Total liabilities (EOY)
$6,555
Net assets (EOY)
$6,680,979
Net assets (BOY)
$4,672,014

Income & contributions

Employer contributions
$621,716
Participant contributions
$809,371
Total contributions
$1,455,592
Total income / additions
$2,488,916

Expenses & distributions

Benefits paid
$443,134
Administrative expenses
$36,817
Total expenses
$479,951
Net increase / (decrease)
$2,008,965
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.

Contribution share (employer vs. participant)
Employer 43%Participant 57%
Total expenses ÷ net assets7%Computed ratio
Benefits paid ÷ total income18%Computed ratio
Provider comp. ÷ net assets0%Computed ratio

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Sovereign Investment AdvisorsRIA$19,564not reported in the loaded dataset2023
Pension Plan Specialists, PcTPA$3,700$02023
John Hancock Life Insurance CompanyRECORDKEEPER$2,713$02023

Related Form 5500 pages