Plan Snapshot
- Plan Sponsor: Lake State Railway Company
- Sponsor EIN: 383023096
- Sponsor Address: 750 N. WASHINGTON AVE, SAGINAW, MI, 48607
- Plan Type: 401(k)
- Total Participants: 132
- Total Assets: $8.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 132 | $8.8M | $213,415 | $572,357 |
| 2023 | 137 | $7.6M | $191,392 | $518,210 |
| 2022 | 123 | $5.9M | $250,000 | $462,206 |
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 |
|---|---|---|---|---|
| ANDREWS HOOPER PAVLIK PLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ANDREWS HOOPER PAVLIK PLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $35,431 | $14,997 | $20,434 | — | — |
| 2023 | $29,256 | $11,076 | $17,149 | — | — |
| 2022 | $26,603 | $6,473 | $18,795 | — | $1,335 |