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Original filing (PDF)20251013103636NAL0000487619001
LUTHERAN HOMES OF MICHIGAN, INC
Form 5500
FILING_RECEIVED
WELLSPRING SENIOR SUPPORT SERVICES 403(B) RETIREMENT PLAN
403(b) retirement plan
Active participants
475
Accounts w/ balance
363
Plan assets (EOY)
$15.6M
Net assets (EOY)
$15.6M
How this plan invests
This plan
2 pooled trusts
Schedule D
42 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
95
/ 100
Grade A
Top-tier plan health
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
100
Total plan cost
80
Vendor stack
100
Participation health
100
Knocking points off
- 40 bps in Schedule C fees — modestly above peer band of 29 bps.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for LUTHERAN HOMES OF MICHIGAN, INC.
Plan sponsor
Name
LUTHERAN HOMES OF MICHIGAN, INC
DBA
DBA WELLSPRING LUTHERAN SERVICES
EIN
38-1358410
Address
2825 WIENEKE ROAD · SAGINAW, MI · 48603
Phone
(989) 652-3470
Industry
Health Care & Social Assistancesee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
003
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-10-13
Pension benefit codes
2F · ERISA section 404(c)
2G · Total participant-directed accounts
2L · 403(b)(1) annuity
2M · 403(b)(7) custodial accounts
2T · Default investment account (QDIA)
3H · Sponsor in controlled / affiliated group
Audit & trust (Schedule H)
Auditor
BAKER, TILLY US, LLP
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
4 rowsRecordkeeper
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| EMPOWER ANNUITY INS CO OF AMERICA | — | GREENWOOD VILLAGE, CO | RECORDKEEPER | $39K | — |
Advisor / Consultant
2| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| MML INVESTORS SERVICES LLC | — | SPRINGFIELD, MA | INVESTMENT ADVISOR | $14K | — |
| MMLIS | — | SPRINGFIELD, MA | BROKER/ADVISOR | $0 | — |
TPA / Administrator
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| THE MICHIGAN PENSION GROUP | — | BATTLE CREEK, MI | TPA | $9K | — |
Investments
41 direct securities · 2 pooled funds· $17.9M(100% of reported assets)
Rows tagged as a trust or pooled fund hold many underlying securities. Their holdings are itemized on each fund’s own Form 5500.
Uncategorized
$17.0M
39 holdings
Pooled Separate Account
$774K
2 holdings
Mutual Funds
$85K
1 holding
Pooled Separate Accounts
$52K
1 holding
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| Mass Mutual MM S&P 500 Index R4 N/R | — | — | — | $3.7M | 23.9% | |
| Capital Group American Funds Growth Fund of Amer R3 N/R | — | — | — | $1.6M | 10.1% | |
| Fidelity Investments Fidelity Advisor Total Bond A N/R | — | — | — | $1.3M | 8.5% | |
| T. Rowe Price T. Rowe Price 2025 R N/R | — | — | — | $1.3M | 8.5% | |
| Northern Trust Asset Management Northern Small Cap Index N/R | — | — | — | $985K | 6.3% | |
| Empower Funds Empower S&P Mid Cap 400 Index Fund L N/R | — | — | — | $921K | 5.9% | |
| Mass Mutual Mass Mutual Diversified Value N/R | — | — | — | $883K | 5.7% | |
| T. Rowe Price T. Rowe Price 2035 R N/R | — | — | — | $878K | 5.6% | |
| Capital Group American Funds Europacific GR R3 N/R | — | — | — | $856K | 5.5% | |
| Company Total insurance contracts at contract value | — | — | — | $800K | 5.1% | |
| Empower Trust Company * Empower Annuity Insurance Mass Mutual Capital Reservation Account N/R | — | — | — | $741K | 4.8% | |
| Code Section 403(b) Annuity Contracts * MASS MUTUAL LIFE INS CO Participant Directed Investments 0 | — | — | — | $737K | 4.7% | |
| MASSMUTUAL QUALIFIED PLAN VAR ACCT MASS MUTUAL LIFE INS CO · EIN 04-1590850 / PN 000 | Pooled Separate Account | — | — | $584K | 3.8% | |
| T. Rowe Price T. Rowe Price 2045 R N/R | — | — | — | $558K | 3.6% | |
| Capital Group American Funds Capital World G/I R3 N/R | — | — | — | $248K | 1.6% | |
| Insurance Company * Pacific Investment Management PIMCO Commodity Real Return Strategy N/R 2 Company LLC * Voya Financial VY CBRE Global Real Estate Portfolio N/R 3 Thrivent Financial for Lutherans * Thrivent Financial for Lutherans 403(b) Annuity Contracts and 403(b) (7) Custodial N/R | — | — | — | $241K | 1.5% | |
| T. Rowe Price T. Rowe Price 2055 R N/R | — | — | — | $230K | 1.5% | |
| THRIVENT THRIVENT FINANCIAL FOR LUTHERANS · EIN 39-0123480 / PN 000 | Pooled Separate Account | — | — | $190K | 1.2% | |
| Insurance Company * Massachusetts Mutual Life Guaranteed Principal Acct (Flex Extra) N/R | — | — | — | $149K | 1.0% | |
| Insurance * Massachusetts Mutual Life MML Blend N/R | — | — | — | $134K | 0.9% | |
| Pacific Investment Management PIMCO Long-Term US Government A N/R | — | — | — | $109K | 0.7% | |
| Insurance Company * Massachusetts Mutual Life MML Blue Chip Growth N/R 545 Insurance Company * Massachusetts Mutual Life MML Equity N/R | — | — | — | $86K | 0.6% | |
| Empower Trust Company Capital Group American Funds American Balanced R3 N/R | Mutual Funds | — | — | $85K | 0.5% | |
| T. Rowe Price T. Rowe Price 2015 R N/R | — | — | — | $66K | 0.4% | |
| Insurance Contracts at Contract Value AXA Equitable Life Insurance Company * Capital AXA - Guaranteed Insurance Option N/R | — | — | — | $59K | 0.4% | |
| Massachusetts Mutual Life Insurance Company Fidelity Investments Fidelity VIP Contrafund N/R | Pooled Separate Accounts | — | — | $52K | 0.3% | |
| Invesco Variable Insurance Funds Invesco V.I. Global N/R | — | — | — | $47K | 0.3% | |
| Invesco Variable Insurance Funds Invesco V.I. Equity and Income N/R | — | — | — | $36K | 0.2% | |
| Insurance Company Invesco Variable Insurance Funds Invesco Opp V.I. International Growth N/R 228 Invesco Variable Insurance Funds Invesco V.I. Capital Appreciation N/R | — | — | — | $36K | 0.2% | |
| Invesco Variable Insurance Funds Invesco V.I. U.S. Government Money N/R 1 * Massachusetts Mutual Life MML Balanced Allocation N/R | — | — | — | $33K | 0.2% | |
| Insurance Company * Massachusetts Mutual Life MML Foreign N/R 297 Insurance Company * Massachusetts Mutual Life MML Income & Growth N/R | — | — | — | $32K | 0.2% | |
| Insurance Company * Massachusetts Mutual Life MML Managed Volatility N/R 739 Insurance Company * Massachusetts Mutual Life MML Mid Cap Growth N/R | — | — | — | $32K | 0.2% | |
| Insurance Company * Massachusetts Mutual Life MML Mid Cap Value N/R | — | — | — | $25K | 0.2% | |
| Invesco Variable Insurance Funds Invesco V.I. Discovery Mid Cap Growth N/R | — | — | — | $21K | 0.1% | |
| T. Rowe Price T. Rowe Price 2005 R N/R | — | — | — | $20K | 0.1% | |
| Franklin Templeton Investments Franklin Core Plus Bond A N/R | — | — | — | $15K | <0.1% | |
| Invesco Variable Insurance Funds Invesco V.I. Health Care N/R | — | — | — | $15K | <0.1% | |
| Invesco Variable Insurance Funds Invesco V.I. Global Strategic Income N/R | — | — | — | $14K | <0.1% | |
| Company LLC T. Rowe Price T. Rowe Price Balanced R N/R | — | — | — | $14K | <0.1% | |
| Insurance Company * Massachusetts Mutual Life MML Managed Bond N/R | — | — | — | $12K | <0.1% | |
| Insurance Company * Massachusetts Mutual Life MML U.S. Government Money Market N/R | — | — | — | $5K | <0.1% | |
| Massachusetts Mutual Life Fixed Account (Artistry) N/R | — | — | — | $4K | <0.1% | |
| Insurance Company * Massachusetts Mutual Life MML Large Cap Growth N/R | — | — | — | $1K | <0.1% |