Defined Benefit (Pension) · DOL Form 5500 · 2024
Lake Michigan Credit Union Pension Plan
Data updated 2026-08-25
- $51M
- Total assets Below avg plan size
- 1,532
- Participants Near avg headcount
- 84th
- Percentile by assets National rank
- $33,217
- 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
$51M in assets, 1,532 participants
Lake Michigan Credit Union's Lake Michigan Credit Union Cash Balance Defined Benefit Plan and Trust reported $51M in total assets and 1,532 participants in its 2024 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.
- #6,479 in Finance & Insurance (8,549 peers)
Coverage in Michigan
Lake Michigan Credit Union Cash Balance Defined Benefit Plan and Trust covers 1,532 participants in Michigan, 2.4x the typical Michigan plan (state average ~638 per filing). Assets: $51M.
- #6,479
- in Finance & Insurance (8,549 peers)
- +18.1%
- assets growth YoY
- 0.5×
- 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 2024 · DOL Form 5500
$50,888,911 Top 16% higher than 84% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
Lake Michigan Credit Union Cash Balance Defined Benefit Plan and Trust's large-plan peer group by participant headcount
Plan-year 2024 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 (1,532 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Lake Michigan Credit Union Cash Balance Defined Benefit Plan and Trust reported net income rose from $1M in the plan year 2023 filing to $8M in the plan year 2024 filing.
- Lake Michigan Credit Union Cash Balance Defined Benefit Plan and Trust end-of-year assets rose from $43M in the plan year 2023 filing to $51M in the plan year 2024 filing.
- Lake Michigan Credit Union Cash Balance Defined Benefit Plan and Trust reported participants rose from 1,454 in the plan year 2023 filing to 1,532 in the plan year 2024 filing.
Published 5500 schedule card
Filing strip 381215360 · Lake Michigan Credit Union PY 2024 · Defined Benefit (Pension)
Lake Michigan Credit Union Cash Balance Defined Benefit Plan and Trust · $51M · 1,532 · 84th
- BOOK $51M
- VS-ST 1,532
- BOY 84th
- SCH Defined Benefit (Pension)
- EBSA near Brown-Forman Corporation Hourly Employees Retirement Plan
- PART ind #6479
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) | $43M |
|---|---|
| Net Assets (End of Year) | $51M |
| Net Income | $8M |
| 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 $42.5B · 15,648
- Ford Motor Company UAW Retirement Plan $17.8B · 25,742
- Ford Motor Company General Retirement Plan $12.1B · 8,585
- Dow Employees' Pension Plan $10.9B · 6,888
- Fca US LLC UAW Pension Agreement $10.3B · 12,752
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 Brown-Forman Corporation Hourly Employees Retirement Plan in KY ($51M); by covered participants it is University of Maryland Medical System Corporation Pension Plan in MD (1,532 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($51M here).
Similar participant headcount
Nearest other-state filings by covered participants (1,532 participants); asset peers above are excluded.
- University of Maryland Medical System Corporation Pension Plan (MD) 1,532 · 0 off
- Pension and Retirement Plan of Plumbers and Pipefitters Union Local 525 (NV) 1,532 · 0 off
- Pamcah-Ua Local 675 Pension Plan (HI) 1,532 · 0 off
- Iron Workers Pension Plan (NJ) 1,532 · 0 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.