# Lake Michigan Credit Union DB Plan
Source: https://planprovider.pro/companies/lake-michigan-credit-union-plan-001

> Lake Michigan Credit Union's DB plan: 1,370 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Lake Michigan Credit Union

- **Sponsor EIN:** 381215360

- **Sponsor Address:** 5540 GLENWOOD HILLS PKWY SE, GRAND RAPIDS, MI, 495122044

- **Plan Type:** DB

- **Total Participants:** 1,370

- **Total Assets:** $50.9M

## Key Plan Design Features

- **Auto-Enrollment:** No

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** No

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|1,370|$50.9M|$5.0M|$0|

| 2023|1,290|$43.1M|$0|$0|

| 2022|1,154|$42.0M|$5.0M|$0|

## 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|

| CMFG LIFE INSURANCE COMPANY|NONE|$116,725|—|$116,725|

| MEMBERS CAPITAL ADVISORS, INC.|NONE|$46,690|—|$46,690|

| HUNGERFORD|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [CMFG LIFE INSURANCE COMPANY](https://planprovider.pro/provider/trustage) — NONE

- [HUNGERFORD](https://planprovider.pro/provider/hungerford-nichols) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $163,415

- **Estimated Expense Ratio:** 0.321% 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|$163,415|$46,690|$98,049|—|—|

| 2023|$126,406|$36,116|$75,844|—|—|

| 2022|$120,196|$34,342|$85,854|—|—|

## Similar Plans

- [Michigan State University Federal Credit Union](https://planprovider.pro/companies/michigan-state-university-federal-credit-union-401k-plan) — 1,444 participants

- [United Federal Credit Union](https://planprovider.pro/companies/united-federal-credit-union-401k-plan-002-3400) — 672 participants

- [Dfcu Financial](https://planprovider.pro/companies/dfcu-financial-401k-plan) — 626 participants

- [Genisys Credit Union](https://planprovider.pro/companies/genisys-credit-union-401k-plan) — 559 participants

- [Lake Trust Credit Union](https://planprovider.pro/companies/lake-trust-credit-union-401k-plan) — 499 participants

- [Michigan First Credit Union](https://planprovider.pro/companies/michigan-first-credit-union-401k-plan) — 488 participants

[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/lake-michigan-credit-union-plan-001)

© 2026 PlanProvider.Pro