Plan Snapshot
- Plan Sponsor: Lutheran Homes Of Michigan, INC
- Sponsor EIN: 381358410
- Sponsor Address: 2825 WIENEKE ROAD, SAGINAW, MI, 48603
- Plan Type: 403(b)
- Total Participants: 475
- Total Assets: $15.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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 | 475 | $15.6M | $162,473 | $508,680 |
| 2023 | 444 | $15.9M | $91,601 | $545,667 |
| 2022 | 427 | $14.4M | $79,018 | $598,163 |
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 |
|---|---|---|---|---|
| MMLIS | Investment Advisor | — | $40,322 | $40,322 |
| EMPOWER ANNUITY INS CO OF AMERICA | Recordkeeper | $39,284 | — | $39,284 |
| THE MICHIGAN PENSION GROUP | Recordkeeper | $9,334 | $13,553 | $22,887 |
| MML INVESTORS SERVICES LLC | Investment Advisor | $13,896 | — | $13,896 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $116,389
- Estimated Expense Ratio: 0.748% 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 | $49,370 | — | — | — | — |
| 2023 | $62,772 | — | — | — | — |
| 2022 | $59,158 | — | $59,158 | — | — |