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GREAT LAKES ASSET SOLUTIONS LLC 401K 401k Plan overview

Plan NameGREAT LAKES ASSET SOLUTIONS LLC 401K
Plan identification number 001

GREAT LAKES ASSET SOLUTIONS LLC 401K 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.

401k Sponsoring company profile

GREAT LAKES ASSET SOLUTIONS LLC has sponsored the creation of one or more 401k plans.

Company Name:GREAT LAKES ASSET SOLUTIONS LLC
Employer identification number (EIN):475097059
NAIC Classification:561440
NAIC Description:Collection Agencies

Form 5500 Filing Information

Submission information for form 5500 for 401k plan GREAT LAKES ASSET SOLUTIONS LLC 401K

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01JILLIAN REID2024-09-20 JILLIAN REID2024-09-20
0012022-01-01JILLIAN REID2023-06-14
0012021-01-01BRANDON MARVIN2022-05-24
0012020-01-01BRANDON MARVIN2021-06-02
0012019-01-01BRANDON MARVIN2020-11-03
0012018-01-01BRANDON MARVIN2019-05-30
0012017-01-01BRANDON MARVIN2018-06-15

Plan Statistics for GREAT LAKES ASSET SOLUTIONS LLC 401K

401k plan membership statisitcs for GREAT LAKES ASSET SOLUTIONS LLC 401K

Measure Date Value
2025: GREAT LAKES ASSET SOLUTIONS LLC 401K 2025 401k membership
Total number of particpants at beginning of year2025-10-0950
Total number of particpants at end of year2025-10-0959
Number of Participants With Account Balances2025-10-0955
2024: GREAT LAKES ASSET SOLUTIONS LLC 401K 2024 401k membership
Total number of particpants at beginning of year2024-09-2041
Total number of particpants at end of year2024-09-2052
Number of Participants With Account Balances2024-09-2048
2022: GREAT LAKES ASSET SOLUTIONS LLC 401K 2022 401k membership
Total number of particpants at beginning of year2022-05-2434
Total number of particpants at end of year2022-05-2433
Number of Participants With Account Balances2022-05-2426

Financial Data on GREAT LAKES ASSET SOLUTIONS LLC 401K

Measure Date Value
2025 : GREAT LAKES ASSET SOLUTIONS LLC 401K 2025 401k financial data
Total expenses incurred by plan in this plan year2025-10-0937633
Net assets as of the end of the plan year2025-10-09588991
Total assets as of the beginning of the plan year2025-10-09350825
Value of plan covered by a fidelity bond2025-10-0936000
Participant contributions to plan in this plan year2025-10-09157656
Value of participant loans at end of plan year2025-10-09925
Other income to plan in this plan year2025-10-0964307
Plan net income in this plan year2025-10-09238166
Net assets as of the end of the plan year2025-10-09588991
Net assets as of the beginning of the plan year2025-10-09350825
Value of contributions failed to transmitted timely2025-10-093953
Employer contributions to plan in this plan year2025-10-0953836
Fees paid to broker by Benefit Provider2025-10-091760
Expensese paid to adminstrative service provicers from plan in this plan year2025-10-098545
2024 : GREAT LAKES ASSET SOLUTIONS LLC 401K 2024 401k financial data
Total transfers to/from plan in this plan year2024-09-200
Total expenses incurred by plan in this plan year2024-09-2026712
Net assets as of the end of the plan year2024-09-20350825
Total assets as of the beginning of the plan year2024-09-20197789
Value of plan covered by a fidelity bond2024-09-2035000
Participant contributions to plan in this plan year2024-09-20100484
Other expenses paid from plan in this plan year2024-09-200
Other contributions to plan in this plan year2024-09-200
Other income to plan in this plan year2024-09-2041972
Plan net income in this plan year2024-09-20153036
Net assets as of the end of the plan year2024-09-20350825
Net assets as of the beginning of the plan year2024-09-20197789
Employer contributions to plan in this plan year2024-09-2037292
Expensese paid to adminstrative service provicers from plan in this plan year2024-09-203777
2022 : GREAT LAKES ASSET SOLUTIONS LLC 401K 2022 401k financial data
Total expenses incurred by plan in this plan year2022-05-2414227
Net assets as of the end of the plan year2022-05-24175865
Total assets as of the beginning of the plan year2022-05-24137518
Value of plan covered by a fidelity bond2022-05-2414000
Participant contributions to plan in this plan year2022-05-2432155
Value of participant loans at end of plan year2022-05-241095
Other income to plan in this plan year2022-05-2420419
Plan net income in this plan year2022-05-2438347
Net assets as of the end of the plan year2022-05-24175865
Net assets as of the beginning of the plan year2022-05-24137518
Expensese paid to adminstrative service provicers from plan in this plan year2022-05-24400

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