Defined Benefit (Pension) · DOL Form 5500 · 2023
Lake Michigan Credit Union Pension Plan
Data updated 2026-08-25
- $43M
- Total assets Below avg plan size
- 1,454
- Participants Near avg headcount
- 84th
- Percentile by assets National rank
- $29,632
- Avg per participant Low balance/head
Official DOL plan name: Lake Michigan Credit Union Cash Balance Defined Benefit Plan and Trust · Sponsored by Lake Michigan Credit Union · Michigan · Finance & Insurance
$43M in assets, 1,454 participants
Lake Michigan Credit Union's Lake Michigan Credit Union Cash Balance Defined Benefit Plan and Trust reported $43M in total assets and 1,454 participants in its 2023 DOL Form 5500 filing, ranking in the 84th 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.
- #6,679 in Finance & Insurance (8,869 peers)
Coverage in Michigan
Lake Michigan Credit Union Cash Balance Defined Benefit Plan and Trust covers 1,454 participants in Michigan, 2.3x the typical Michigan plan (state average ~638 per filing). Assets: $43M.
- #6,679
- in Finance & Insurance (8,869 peers)
- +2.6%
- assets growth YoY
- 0.4×
- vs typical plan assets (national mean)
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 2023 · DOL Form 5500
$43,084,544 Top 16% higher than 84% of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
Lake Michigan Credit Union Cash Balance Defined Benefit Plan and Trust's large-plan peer group by participant headcount
Plan-year 2023 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 (1,454 participants).
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Lake Michigan Credit Union Cash Balance Defined Benefit Plan and Trust reported net income rose from -$3M in the plan year 2022 filing to $1M in the plan year 2023 filing.
- Lake Michigan Credit Union Cash Balance Defined Benefit Plan and Trust reported participants rose from 1,355 in the plan year 2022 filing to 1,454 in the plan year 2023 filing.
- Lake Michigan Credit Union Cash Balance Defined Benefit Plan and Trust end-of-year assets rose from $42M in the plan year 2022 filing to $43M in the plan year 2023 filing.
DOL schedule card
Filing strip 381215360 · Lake Michigan Credit Union PY 2023 · Defined Benefit (Pension)
Lake Michigan Credit Union Cash Balance Defined Benefit Plan and Trust · $43M · 1,454 · 84th
- BOY $43M
- SCH 1,454
- EBSA 84th
- PART Defined Benefit (Pension)
- TYPE near Pension Plan for Hourly Employees of Garlock Sealing Technologies LLC (Palmyra, Ny)
- NET ind #6679
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
Michigan filing particulars
| Total Assets (Beginning of Year) | $42M |
|---|---|
| Net Assets (End of Year) | $43M |
| Net Income | $1M |
| Employer EIN | 381215360 |
| Plan Effective Date | 1967-05-01 |
| Filing Status | FILING 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
| 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.
- General Motors Hourly-Rate Employees Pension Plan $44.8B · 17,959
- Ford Motor Company UAW Retirement Plan $19.3B · 26,442
- Ford Motor Company General Retirement Plan $12.7B · 10,215
- Dow Employees' Pension Plan $11.5B · 14,051
- Fca US LLC UAW Pension Agreement $11.2B · 13,635
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 Pension Plan for Hourly Employees of Garlock Sealing Technologies LLC (Palmyra, Ny) in NC ($43M); by covered participants it is Union Mutual Fund Pension Plan in NY (1,454 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($43M here).
Similar participant headcount
Nearest other-state filings by covered participants (1,454 participants); asset peers above are excluded.
- Union Mutual Fund Pension Plan (NY) 1,454 · 0 off
- Employer - Teamsters Local Nos 175 & 505 Pension Trust Fund (WV) 1,453 · 1 off
- Magellan Pension Plan (OK) 1,450 · 4 off
- Northern California Tile Industry Defined Benefit Pension Plan (CA) 1,459 · 5 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.