# Lake Trust Credit Union 401(k) Plan
Source: https://planprovider.pro/companies/lake-trust-credit-union-401k-plan

> Lake Trust Credit Union's 401(k) plan: 499 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

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

- **Sponsor EIN:** 381250516

- **Sponsor Address:** 4605 S. OLD US 23, BRIGHTON, MI, 48114

- **Plan Type:** 401(k)

- **Total Participants:** 499

- **Total Assets:** $53.0M

## 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|499|$53.0M|$1.6M|$2.4M|

| 2023|468|$47.6M|$1.4M|$2.2M|

| 2022|473|$39.1M|$1.3M|$2.0M|

## 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|

| VOYA RETIREMENY & ANNUITY CO|SERVICE PROVIDER|$134,085|$40|$134,125|

| GALLAGHER BENEFIT SERVICES INC|SERVICE PROVIDER|—|$74,851|$74,851|

| VOYA RETIREMENT ADVISORS, LLC|SERVICE PROVIDER|$9,290|—|$9,290|

| PLANTE & MORAN, PLLC|Auditor|—|—|$0|

### Verified Provider Profiles

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

- [GALLAGHER BENEFIT SERVICES INC](https://planprovider.pro/provider/arthur-j-gallagher-and-co) — SERVICE PROVIDER

- [PLANTE & MORAN, PLLC](https://planprovider.pro/provider/plante-and-moran-pllc) — Auditor

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $218,266

- **Estimated Expense Ratio:** 0.412% 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|$143,376|$9,308|$131,418|—|—|

| 2023|$116,034|$7,060|$106,224|—|—|

| 2022|$108,983|—|—|—|—|

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