Plan Snapshot
- Plan Sponsor: Lac Vieux Desert Band Of Lake Superior Chippewa
- Sponsor EIN: 382629283
- Sponsor Address: N5384 US HWY 45, WATERSMEET, MI, 49969
- Plan Type: 401(k)
- Total Participants: 411
- Total Assets: $8.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 411 | $8.9M | $683,271 | $887,818 |
| 2023 | 388 | $6.7M | $621,716 | $809,371 |
| 2022 | 395 | $4.7M | $613,413 | $724,503 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| SOVEREIGN INVESTMENT ADVISORS | RIA | $28,049 | — | $28,049 |
| PENSION PLAN SPECIALISTS, PC | TPA | $15,586 | — | $15,586 |
| JOHN HANCOCK LIFE INSURANCE COMPANY | RECORDKEEPER | $8,192 | — | $8,192 |
| REDW LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN HANCOCK LIFE INSURANCE COMPANY — RECORDKEEPER
- REDW LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $51,827
- Estimated Expense Ratio: 0.583% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $67,395 | $28,049 | $23,760 | — | — |
| 2023 | $36,817 | $19,564 | $13,553 | — | — |
| 2022 | $25,662 | $14,795 | $10,137 | — | — |