401(k) · DOL Form 5500 · 2024

Lake Trust Credit Union 401(k) Plan

Data updated 2026-08-25

$53M
Total assets Below avg plan size
468
Participants Below avg headcount
85th
Percentile by assets National rank
$113,260
Avg per participant Below avg balance/head
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Official DOL plan name: Lake Trust Credit Union 401(k) Plan · Sponsored by Lake Trust Credit Union · Michigan · Finance & Insurance

$53M in assets, 468 participants

Lake Trust Credit Union's Lake Trust Credit Union 401(k) Plan reported $53M in total assets and 468 participants in its 2024 DOL Form 5500 filing, ranking in the 85th 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.

  • #6,537 in Finance & Insurance (8,549 peers)

Where Lake Trust Credit Union 401(k) Plan sits by assets

Lake Trust Credit Union 401(k) Plan sits in the top quartile of all filed plans by assets, $53M for 468 participants (~$113,260/participant), up 11.4% in 2024.

#6,537
in Finance & Insurance (8,549 peers)
+11.4%
assets growth YoY
0.5×
vs typical plan assets (national mean)

Lake Trust Credit Union 401(k) Plan's outsized position by total assets

Lake Trust Credit Union 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$53,005,552 Top 15% higher than 85% of 123,620 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 2024

Lake Trust Credit Union 401(k) Plan among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Lake Trust Credit Union 401(k) Plan sits mid-pack in the medium band (468 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Lake Trust Credit Union 401(k) Plan reported net income fell from $8M in the plan year 2023 filing to $5M in the plan year 2024 filing.
  • Lake Trust Credit Union 401(k) Plan end-of-year assets rose from $48M in the plan year 2023 filing to $53M in the plan year 2024 filing.
  • Lake Trust Credit Union 401(k) Plan reported participants fell from 473 in the plan year 2023 filing to 468 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 381250516 · Lake Trust Credit Union PY 2024 · 401(k)

Lake Trust Credit Union 401(k) Plan · $53M · 468 · 85th

  • NET $53M
  • BOOK 468
  • VS-ST 85th
  • BOY 401(k)
  • SCH near Columbia Construction Company 401(k) Plan
  • EBSA ind #6537

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 Trust Credit Union 401(k) Plan in the asset neighbourhood

Lake Trust Credit Union 401(k) PlanLake Trust Credit Union 401(…$53MGbq 401(k) & Profit Sharing PlanGbq 401(k) & Profit Sharing …$53MColumbia Construction Company 401(k) PlanColumbia Construction Compan…$53MFox Communities Credit Union Capital Accumulation PlanFox Communities Credit Union…$53MLonden Insurance Group 401(k) Profit Sharing PlanLonden Insurance Group 401(k…$53M
End-of-year total assets ($M) among Lake Trust Credit Union 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$48M
Net Assets (End of Year)$53M
Net Income$5M
Employer EIN381250516
Plan Effective Date1997-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Lake Trust Credit Union)

Sponsor-wide plan assets over time

All Lake Trust Credit Union plans reported in each filing year

Latest sponsor-wide plan assets
$53M 35.42755993811149% vs 2022
2024 filing year
$35M$40M$45M$50M$55M 202220232024 $39.1M $53M ▲ +35.4%
Year Plans Participants Total Assets
2022 1 447 $39M
2023 1 473 $48M
2024 1 468 $53M

Nearby 401(k) Plans in Michigan

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Lake Trust Credit Union 401(k) Plan vs. nearby 401(k) plans in Michigan, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -100102030 Total assets ($B) Participants Lake Trust Credit Union 401(k) Plan, Total assets ($B): 0.053005552 · Participants: 468Lake Trust Credit Union 401(k) PlanGeneral Motors Retirement Savings Plan for Salaried Employees in the United States, Total assets ($B): 23.0591668 · Participants: 43053General Motors Retirement Savings Plan for Salaried Employees in the United StatesFord Motor Co. Savings and Stock Investment Plan for Salaried Employees, Total assets ($B): 17.26893589 · Participants: 31790Ford Motor Co. Savings and Stock Investment Plan for Salaried EmployeesThe Dow Chemical Company Employees' Savings Plan, Total assets ($B): 10.768606712 · Participants: 17128The Dow Chemical Company Employees' Savings PlanThe General Motors Personal Savings Plan for Hourly-Rate Employees in the United States, Total assets ($B): 9.568379082 · Participants: 42513The General Motors Personal Savings Plan for Hourly-Rate Employees in the United StatesFord Motor Co. Tax-Efficient Savings Plan for Hourly Employees, Total assets ($B): 8.2932975 · Participants: 60497Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees
Lake Trust Credit Union 401(k) Plan vs. nearby 401(k) plans in Michigan, assets vs. participants
Compare Lake Trust Credit Union 401(k) Plan side-by-side with 3 peers →

Lake Trust Credit Union 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Michigan, the nearest 401(k) by assets is Columbia Construction Company 401(k) Plan in MA ($53M); by covered participants it is Mikuni Restaurant Group, Inc. 401(k) Plan in CA (468 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (468 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Lake Trust Credit Union 401(k) Plan assets move in 2024? ▼
Lake Trust Credit Union 401(k) Plan grew at a solid clip - up 11.4% during 2024, from $48M to $53M. Reported net income was $5M.
How have Lake Trust Credit Union plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Lake Trust Credit Union's sponsor-wide assets grew 35.4%, from $39M to $53M.
Where does Lake Trust Credit Union 401(k) Plan rank by assets among Form 5500 filers? ▼
Lake Trust Credit Union 401(k) Plan ranks in the 85th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Lake Trust Credit Union 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Columbia Construction Company 401(k) Plan in MA ($53M, 205 participants).
Which 401(k) plans cover a similar participant headcount to Lake Trust Credit Union 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Mikuni Restaurant Group, Inc. 401(k) Plan in CA (468 participants, $3M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 381250516.

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.