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LAKE MICHIGAN FINANCIAL CORPORATION 401(K) SALARY REDUCTION PLAN & TRUST 401k Plan overview

Plan NameLAKE MICHIGAN FINANCIAL CORPORATION 401(K) SALARY REDUCTION PLAN & TRUST
Plan identification number 001

LAKE MICHIGAN FINANCIAL CORPORATION 401(K) SALARY REDUCTION PLAN & TRUST Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

LAKE MICHIGAN FINANCIAL CORPORATION has sponsored the creation of one or more 401k plans.

Company Name:LAKE MICHIGAN FINANCIAL CORPORATION
Employer identification number (EIN):383406782
NAIC Classification:523900

Additional information about LAKE MICHIGAN FINANCIAL CORPORATION

Jurisdiction of Incorporation: Michigan Department of Licensing & Regulatory Affairs
Incorporation Date:
Company Identification Number: 513970

More information about LAKE MICHIGAN FINANCIAL CORPORATION

Form 5500 Filing Information

Submission information for form 5500 for 401k plan LAKE MICHIGAN FINANCIAL CORPORATION 401(K) SALARY REDUCTION PLAN & TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012016-01-01DEAN MAC VICAR2016-09-23
0012015-01-01DEAN MACVICAR
0012014-01-01DEAN MACVICAR
0012013-01-01CANDI LATHAM
0012012-01-01MATT WEHRMEYER
0012011-01-01CANDI LATHAM CANDI LATHAM2013-12-12
0012010-01-01MATT WEHRMEYER MATT WEHRMEYER2011-08-15
0012009-01-01MATT WEHRMEYER

Plan Statistics for LAKE MICHIGAN FINANCIAL CORPORATION 401(K) SALARY REDUCTION PLAN & TRUST

401k plan membership statisitcs for LAKE MICHIGAN FINANCIAL CORPORATION 401(K) SALARY REDUCTION PLAN & TRUST

Measure Date Value
2015: LAKE MICHIGAN FINANCIAL CORPORATION 401(K) SALARY REDUCTION PLAN & TRUST 2015 401k membership
Total participants, beginning-of-year2015-01-01200
Total number of active participants reported on line 7a of the Form 55002015-01-010
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-012
Total of all active and inactive participants2015-01-012
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-012
Number of participants with account balances2015-01-012
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-015
2014: LAKE MICHIGAN FINANCIAL CORPORATION 401(K) SALARY REDUCTION PLAN & TRUST 2014 401k membership
Total participants, beginning-of-year2014-01-01196
Total number of active participants reported on line 7a of the Form 55002014-01-01175
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-0124
Total of all active and inactive participants2014-01-01199
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-01199
Number of participants with account balances2014-01-01154
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-013
2013: LAKE MICHIGAN FINANCIAL CORPORATION 401(K) SALARY REDUCTION PLAN & TRUST 2013 401k membership
Total participants, beginning-of-year2013-01-01168
Total number of active participants reported on line 7a of the Form 55002013-01-01141
Number of retired or separated participants receiving benefits2013-01-0126
Number of other retired or separated participants entitled to future benefits2013-01-010
Total of all active and inactive participants2013-01-01167
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-01167
Number of participants with account balances2013-01-01142
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-016
2012: LAKE MICHIGAN FINANCIAL CORPORATION 401(K) SALARY REDUCTION PLAN & TRUST 2012 401k membership
Total participants, beginning-of-year2012-01-01175
Total number of active participants reported on line 7a of the Form 55002012-01-01162
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-0122
Total of all active and inactive participants2012-01-01184
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-01184
Number of participants with account balances2012-01-01135
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-018
2011: LAKE MICHIGAN FINANCIAL CORPORATION 401(K) SALARY REDUCTION PLAN & TRUST 2011 401k membership
Total participants, beginning-of-year2011-01-01152
Total number of active participants reported on line 7a of the Form 55002011-01-01135
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-0121
Total of all active and inactive participants2011-01-01156
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-01156
Number of participants with account balances2011-01-01128
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-015
2010: LAKE MICHIGAN FINANCIAL CORPORATION 401(K) SALARY REDUCTION PLAN & TRUST 2010 401k membership
Total participants, beginning-of-year2010-01-01114
Total number of active participants reported on line 7a of the Form 55002010-01-01132
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-0118
Total of all active and inactive participants2010-01-01150
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-01150
Number of participants with account balances2010-01-01130
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-015
2009: LAKE MICHIGAN FINANCIAL CORPORATION 401(K) SALARY REDUCTION PLAN & TRUST 2009 401k membership
Total participants, beginning-of-year2009-01-01129
Total number of active participants reported on line 7a of the Form 55002009-01-01119
Number of retired or separated participants receiving benefits2009-01-0123
Number of other retired or separated participants entitled to future benefits2009-01-010
Total of all active and inactive participants2009-01-01142
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-01142
Number of participants with account balances2009-01-01126
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-0112

Financial Data on LAKE MICHIGAN FINANCIAL CORPORATION 401(K) SALARY REDUCTION PLAN & TRUST

Measure Date Value
2015 : LAKE MICHIGAN FINANCIAL CORPORATION 401(K) SALARY REDUCTION PLAN & TRUST 2015 401k financial data
Total unrealized appreciation/depreciation of assets2015-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total income from all sources (including contributions)2015-12-31$1,110,424
Total loss/gain on sale of assets2015-12-31$0
Total of all expenses incurred2015-12-31$14,787,633
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$14,694,626
Value of total corrective distributions2015-12-31$54,024
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$667,074
Value of total assets at end of year2015-12-31$189,067
Value of total assets at beginning of year2015-12-31$13,866,276
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$38,983
Total interest from all sources2015-12-31$56
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Administrative expenses professional fees incurred2015-12-31$38,983
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$3,000,000
If this is an individual account plan, was there a blackout period2015-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$519,120
Participant contributions at end of year2015-12-31$0
Participant contributions at beginning of year2015-12-31$32,089
Assets. Other investments not covered elsewhere at end of year2015-12-31$0
Assets. Other investments not covered elsewhere at beginning of year2015-12-31$759,856
Income. Received or receivable in cash from other sources (including rollovers)2015-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2015-12-31$154
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2015-12-31$10,403
Other income not declared elsewhere2015-12-31$50,366
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$-13,677,209
Value of net assets at end of year (total assets less liabilities)2015-12-31$189,067
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$13,866,276
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$95,447
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$11,599,605
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2015-12-31$93,466
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2015-12-31$908,617
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2015-12-31$908,617
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2015-12-31$56
Asset value of US Government securities at end of year2015-12-31$0
Asset value of US Government securities at beginning of year2015-12-31$545,706
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$392,928
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
Was there a failure to transmit to the plan any participant contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Contributions received in cash from employer2015-12-31$147,954
Employer contributions (assets) at end of year2015-12-31$0
Employer contributions (assets) at beginning of year2015-12-31$10,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$14,694,626
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31PLANTE & MORAN PLLC
Accountancy firm EIN2015-12-31381357951
2014 : LAKE MICHIGAN FINANCIAL CORPORATION 401(K) SALARY REDUCTION PLAN & TRUST 2014 401k financial data
Total unrealized appreciation/depreciation of assets2014-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total income from all sources (including contributions)2014-12-31$1,908,674
Total loss/gain on sale of assets2014-12-31$0
Total of all expenses incurred2014-12-31$2,496,800
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$2,448,887
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$1,157,473
Value of total assets at end of year2014-12-31$13,866,276
Value of total assets at beginning of year2014-12-31$14,454,402
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$47,913
Total interest from all sources2014-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Administrative expenses professional fees incurred2014-12-31$47,913
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$3,000,000
If this is an individual account plan, was there a blackout period2014-12-31No
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Contributions received from participants2014-12-31$843,737
Participant contributions at end of year2014-12-31$32,089
Assets. Other investments not covered elsewhere at end of year2014-12-31$759,856
Assets. Other investments not covered elsewhere at beginning of year2014-12-31$2,544,485
Income. Received or receivable in cash from other sources (including rollovers)2014-12-31$41,473
Value of other receiveables (less allowance for doubtful accounts) at end of year2014-12-31$10,403
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2014-12-31$14,595
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$-588,126
Value of net assets at end of year (total assets less liabilities)2014-12-31$13,866,276
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$14,454,402
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2014-12-31$11,599,605
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2014-12-31$10,466,397
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2014-12-31$908,617
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2014-12-31$903,595
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2014-12-31$903,595
Asset value of US Government securities at end of year2014-12-31$545,706
Asset value of US Government securities at beginning of year2014-12-31$525,330
Net investment gain/loss from registered investment companies (e.g. mutual funds)2014-12-31$751,201
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31No
Was there a failure to transmit to the plan any participant contributions2014-12-31No
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Contributions received in cash from employer2014-12-31$272,263
Employer contributions (assets) at end of year2014-12-31$10,000
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$2,448,887
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31Yes
Opinion of an independent qualified public accountant for this plan2014-12-31Disclaimer
Accountancy firm name2014-12-31PLANTE & MORAN PLLC
Accountancy firm EIN2014-12-31381357951
2013 : LAKE MICHIGAN FINANCIAL CORPORATION 401(K) SALARY REDUCTION PLAN & TRUST 2013 401k financial data
Total unrealized appreciation/depreciation of assets2013-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$0
Total income from all sources (including contributions)2013-12-31$3,423,239
Total loss/gain on sale of assets2013-12-31$0
Total of all expenses incurred2013-12-31$803,652
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$766,944
Value of total corrective distributions2013-12-31$8,110
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$1,185,355
Value of total assets at end of year2013-12-31$14,454,402
Value of total assets at beginning of year2013-12-31$11,834,815
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$28,598
Total interest from all sources2013-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Administrative expenses professional fees incurred2013-12-31$28,598
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$3,000,000
If this is an individual account plan, was there a blackout period2013-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Contributions received from participants2013-12-31$826,735
Assets. Other investments not covered elsewhere at end of year2013-12-31$2,544,485
Assets. Other investments not covered elsewhere at beginning of year2013-12-31$2,458,460
Income. Received or receivable in cash from other sources (including rollovers)2013-12-31$86,301
Value of other receiveables (less allowance for doubtful accounts) at end of year2013-12-31$14,595
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2013-12-31$8,881
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Value of net income/loss2013-12-31$2,619,587
Value of net assets at end of year (total assets less liabilities)2013-12-31$14,454,402
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$11,834,815
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-12-31No
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2013-12-31$10,466,397
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2013-12-31$8,387,316
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2013-12-31$903,595
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2013-12-31$818,116
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2013-12-31$818,116
Asset value of US Government securities at end of year2013-12-31$525,330
Asset value of US Government securities at beginning of year2013-12-31$162,042
Net investment gain/loss from registered investment companies (e.g. mutual funds)2013-12-31$2,237,884
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31No
Was there a failure to transmit to the plan any participant contributions2013-12-31No
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Contributions received in cash from employer2013-12-31$272,319
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$766,944
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32013-12-31No
Did the plan have assets held for investment2013-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31Yes
Opinion of an independent qualified public accountant for this plan2013-12-31Disclaimer
Accountancy firm name2013-12-31PLANTE & MORAN PLLC
Accountancy firm EIN2013-12-31381357951
2012 : LAKE MICHIGAN FINANCIAL CORPORATION 401(K) SALARY REDUCTION PLAN & TRUST 2012 401k financial data
Total unrealized appreciation/depreciation of assets2012-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total income from all sources (including contributions)2012-12-31$2,482,529
Total loss/gain on sale of assets2012-12-31$0
Total of all expenses incurred2012-12-31$500,334
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$473,430
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$1,147,290
Value of total assets at end of year2012-12-31$11,834,815
Value of total assets at beginning of year2012-12-31$9,852,620
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$26,904
Total interest from all sources2012-12-31$103
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Administrative expenses professional fees incurred2012-12-31$26,904
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$3,000,000
If this is an individual account plan, was there a blackout period2012-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Contributions received from participants2012-12-31$753,957
Assets. Other investments not covered elsewhere at end of year2012-12-31$2,458,460
Assets. Other investments not covered elsewhere at beginning of year2012-12-31$1,780,213
Income. Received or receivable in cash from other sources (including rollovers)2012-12-31$143,653
Value of other receiveables (less allowance for doubtful accounts) at end of year2012-12-31$8,881
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2012-12-31$6,272
Other income not declared elsewhere2012-12-31$244,569
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$1,982,195
Value of net assets at end of year (total assets less liabilities)2012-12-31$11,834,815
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$9,852,620
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-12-31$8,387,316
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$7,079,255
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2012-12-31$818,116
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2012-12-31$884,072
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2012-12-31$884,072
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2012-12-31$103
Asset value of US Government securities at end of year2012-12-31$162,042
Asset value of US Government securities at beginning of year2012-12-31$102,808
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$1,090,567
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31No
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Contributions received in cash from employer2012-12-31$249,680
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$473,430
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32012-12-31No
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31Yes
Opinion of an independent qualified public accountant for this plan2012-12-31Disclaimer
Accountancy firm name2012-12-31PLANTE & MORAN PLLC
Accountancy firm EIN2012-12-31381357951
2011 : LAKE MICHIGAN FINANCIAL CORPORATION 401(K) SALARY REDUCTION PLAN & TRUST 2011 401k financial data
Total unrealized appreciation/depreciation of assets2011-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total income from all sources (including contributions)2011-12-31$956,834
Total loss/gain on sale of assets2011-12-31$0
Total of all expenses incurred2011-12-31$761,985
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$748,428
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$1,211,530
Value of total assets at end of year2011-12-31$9,852,620
Value of total assets at beginning of year2011-12-31$9,657,771
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$13,557
Total interest from all sources2011-12-31$107
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Administrative expenses professional fees incurred2011-12-31$13,557
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$3,000,000
If this is an individual account plan, was there a blackout period2011-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$701,928
Assets. Other investments not covered elsewhere at end of year2011-12-31$1,780,213
Assets. Other investments not covered elsewhere at beginning of year2011-12-31$2,215,117
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$279,807
Value of other receiveables (less allowance for doubtful accounts) at end of year2011-12-31$6,272
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2011-12-31$6,671
Other income not declared elsewhere2011-12-31$-72,176
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$194,849
Value of net assets at end of year (total assets less liabilities)2011-12-31$9,852,620
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$9,657,771
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$7,079,255
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$6,924,621
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-12-31$884,072
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-12-31$511,362
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-12-31$511,362
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2011-12-31$107
Asset value of US Government securities at end of year2011-12-31$102,808
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-182,627
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Contributions received in cash from employer2011-12-31$229,795
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$748,428
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32011-12-31No
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31Yes
Opinion of an independent qualified public accountant for this plan2011-12-31Disclaimer
Accountancy firm name2011-12-31PLANTE & MORAN PLLC
Accountancy firm EIN2011-12-31381357951
2010 : LAKE MICHIGAN FINANCIAL CORPORATION 401(K) SALARY REDUCTION PLAN & TRUST 2010 401k financial data
Total unrealized appreciation/depreciation of assets2010-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$5,427
Total income from all sources (including contributions)2010-12-31$2,187,828
Total loss/gain on sale of assets2010-12-31$0
Total of all expenses incurred2010-12-31$661,423
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$649,480
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$988,902
Value of total assets at end of year2010-12-31$9,657,771
Value of total assets at beginning of year2010-12-31$8,136,793
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$11,943
Total interest from all sources2010-12-31$125
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Administrative expenses professional fees incurred2010-12-31$11,943
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$3,000,000
If this is an individual account plan, was there a blackout period2010-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$655,076
Participant contributions at beginning of year2010-12-31$0
Assets. Other investments not covered elsewhere at end of year2010-12-31$2,215,117
Assets. Other investments not covered elsewhere at beginning of year2010-12-31$1,934,640
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$122,397
Value of other receiveables (less allowance for doubtful accounts) at end of year2010-12-31$6,671
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2010-12-31$7,078
Other income not declared elsewhere2010-12-31$241,916
Total non interest bearing cash at beginning of year2010-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$1,526,405
Value of net assets at end of year (total assets less liabilities)2010-12-31$9,657,771
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$8,131,366
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$6,924,621
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$5,542,247
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2010-12-31$511,362
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2010-12-31$652,828
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2010-12-31$652,828
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-31$125
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$956,885
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Contributions received in cash from employer2010-12-31$211,429
Employer contributions (assets) at beginning of year2010-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$649,480
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32010-12-31No
Liabilities. Value of benefit claims payable at beginning of year2010-12-31$5,427
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31Yes
Opinion of an independent qualified public accountant for this plan2010-12-31Disclaimer
Accountancy firm name2010-12-31ANDREWS HOOPER & PAVLIK PLC
Accountancy firm EIN2010-12-31383133790
2009 : LAKE MICHIGAN FINANCIAL CORPORATION 401(K) SALARY REDUCTION PLAN & TRUST 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for LAKE MICHIGAN FINANCIAL CORPORATION 401(K) SALARY REDUCTION PLAN & TRUST

2015: LAKE MICHIGAN FINANCIAL CORPORATION 401(K) SALARY REDUCTION PLAN & TRUST 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: LAKE MICHIGAN FINANCIAL CORPORATION 401(K) SALARY REDUCTION PLAN & TRUST 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: LAKE MICHIGAN FINANCIAL CORPORATION 401(K) SALARY REDUCTION PLAN & TRUST 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: LAKE MICHIGAN FINANCIAL CORPORATION 401(K) SALARY REDUCTION PLAN & TRUST 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: LAKE MICHIGAN FINANCIAL CORPORATION 401(K) SALARY REDUCTION PLAN & TRUST 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedYes
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2010: LAKE MICHIGAN FINANCIAL CORPORATION 401(K) SALARY REDUCTION PLAN & TRUST 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedYes
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: LAKE MICHIGAN FINANCIAL CORPORATION 401(K) SALARY REDUCTION PLAN & TRUST 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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