Defined Benefit (Pension) · DOL Form 5500 · 2022

Lake Michigan Credit Union Pension Plan

Data updated 2026-08-25

$42M
Total assets Below avg plan size
1,355
Participants Near avg headcount
86th
Percentile by assets National rank
$31,006
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Lake Michigan Credit Union Cash Balance Defined Benefit Plan and Trust · Sponsored by Lake Michigan Credit Union · Michigan · Finance & Insurance

$42M in assets, 1,355 participants

Lake Michigan Credit Union's Lake Michigan Credit Union Cash Balance Defined Benefit Plan and Trust reported $42M in total assets and 1,355 participants in its 2022 DOL Form 5500 filing, ranking in the 86th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #7,253 in Finance & Insurance (9,261 peers)

Coverage in Michigan

Lake Michigan Credit Union Cash Balance Defined Benefit Plan and Trust covers 1,355 participants in Michigan, 2.1x the typical Michigan plan (state average ~638 per filing). Assets: $42M.

#7,253
in Finance & Insurance (9,261 peers)
-6.9%
assets change YoY
0.4×
vs typical plan assets (national mean)

The plan reported a net loss of $3M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Lake Michigan Credit Union Cash Balance Defined Benefit Plan and Trust's outsized position by total assets

Lake Michigan Credit Union Cash Balance Defined Benefit Plan and Trust vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$42,012,991 Top 14% higher than 86% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Lake Michigan Credit Union Cash Balance Defined Benefit Plan and Trust's large-plan peer group by participant headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Lake Michigan Credit Union Cash Balance Defined Benefit Plan and Trust lands in the large band (1,355 participants).

Published 5500 schedule card

Filing strip 381215360 · Lake Michigan Credit Union PY 2022 · Defined Benefit (Pension)

Lake Michigan Credit Union Cash Balance Defined Benefit Plan and Trust · $42M · 1,355 · 86th

  • PART $42M
  • TYPE 1,355
  • NET 86th
  • BOOK Defined Benefit (Pension)
  • VS-ST near Union Health Service, Inc. Pension Trust
  • BOY ind #7253

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Finance & Insurance retirement plans → · Plans in Michigan →

Lake Michigan Credit Union Cash Balance Defined Benefit Plan and Trust in the asset neighbourhood

The Continental, Inc. Pension PlanThe Continental, Inc. Pensio…$42MLake Michigan Credit Union Cash Balance Defined Benefit Plan and TrustLake Michigan Credit Union C…$42MUnion Health Service, Inc. Pension TrustUnion Health Service, Inc. P…$42MMorgan, Lewis & Bockius LLP Employees Pension PlanMorgan, Lewis & Bockius LLP …$42MBricklayers Local No. 8 Pension FundBricklayers Local No. 8 Pens…$42M
End-of-year total assets ($M) among Lake Michigan Credit Union Cash Balance Defined Benefit Plan and Trust and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

Michigan filing particulars

Total Assets (Beginning of Year)$45M
Net Assets (End of Year)$42M
Net Income-$3M
Employer EIN381215360
Plan Effective Date1967-05-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Lake Michigan Credit Union)

Sponsor-wide plan assets over time

All Lake Michigan Credit Union plans reported in each filing year

Latest sponsor-wide plan assets
$51M 21.126608196022033% vs 2022
2024 filing year
$40M$45M$50M$55M 202220232024 $42M $50.9M ▲ +21.1%
Year Plans Participants Total Assets
2022 1 1,355 $42M
2023 1 1,454 $43M
2024 1 1,532 $51M

Nearby Defined Benefit (Pension) Plans in Michigan

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Lake Michigan Credit Union Cash Balance Defined Benefit Plan and Trust vs. nearby Defined Benefit (Pension) plans in Michigan, assets vs. participants Scatter plot of 6 data points. 0100002000030000 -1001020304050 Total assets ($B) Participants Lake Michigan Credit Union Cash Balance Defined Benefit Plan and Trust, Total assets ($B): 0.042012991 · Participants: 1355Lake Michigan Credit Union Cash Balance Defined Benefit Plan and TrustGeneral Motors Hourly-Rate Employees Pension Plan, Total assets ($B): 40.23255743 · Participants: 18766General Motors Hourly-Rate Employees Pension PlanFord Motor Company UAW Retirement Plan, Total assets ($B): 19.279653433 · Participants: 27567Ford Motor Company UAW Retirement PlanFord Motor Company General Retirement Plan, Total assets ($B): 13.42905347 · Participants: 11760Ford Motor Company General Retirement PlanDow Employees' Pension Plan, Total assets ($B): 13.018181682 · Participants: 13759Dow Employees' Pension PlanFca US LLC UAW Pension Agreement, Total assets ($B): 8.553889919 · Participants: 14563Fca US LLC UAW Pension Agreement
Lake Michigan Credit Union Cash Balance Defined Benefit Plan and Trust vs. nearby Defined Benefit (Pension) plans in Michigan, assets vs. participants
Compare Lake Michigan Credit Union Cash Balance Defined Benefit Plan and Trust side-by-side with 3 peers →

Lake Michigan Credit Union Cash Balance Defined Benefit Plan and Trust's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Michigan, the nearest Defined Benefit (Pension) by assets is Union Health Service, Inc. Pension Trust in IL ($42M); by covered participants it is Carpenters & Millwrights of Houston Vicinity Pension Fund in TN (1,355 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (1,355 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Lake Michigan Credit Union Cash Balance Defined Benefit Plan and Trust assets move in 2022? ▼
Lake Michigan Credit Union Cash Balance Defined Benefit Plan and Trust pulled back noticeably - down 6.9% during 2022, from $45M to $42M. Reported net income was -$3M.
How have Lake Michigan Credit Union plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Lake Michigan Credit Union's sponsor-wide assets grew 21.1%, from $42M to $51M.
Where does Lake Michigan Credit Union Cash Balance Defined Benefit Plan and Trust rank by assets among Form 5500 filers? ▼
Lake Michigan Credit Union Cash Balance Defined Benefit Plan and Trust ranks in the 86th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Lake Michigan Credit Union Cash Balance Defined Benefit Plan and Trust? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Union Health Service, Inc. Pension Trust in IL ($42M, 80 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Lake Michigan Credit Union Cash Balance Defined Benefit Plan and Trust? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Carpenters & Millwrights of Houston Vicinity Pension Fund in TN (1,355 participants, $202M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 381215360.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.