Great Lakes Educational Loan Services, Inc. 401(k) Plan: Login, Facts & Contact Information

No recent filing

No Form 5500 has been filed for this plan since plan year 2017. The plan may have been terminated, merged into another plan, or moved to a new sponsor. Everything below comes from its last filing on record.

Great Lakes Educational Loan Services, Inc. 401(k) Plan Facts (plan year 2017)

Plan name
GREAT LAKES EDUCATIONAL LOAN SERVICES, INC. 401(K) PLAN
Plan type
401(k) and profit sharing
Plan sponsor
GREAT LAKES EDUCATIONAL LOAN SERVICES, INC.
Participants
2,416 (1,965 active employees)
Former employees with a balance
509
Plan assets
$115,767,931 at Dec 31, 2017
Average account balance
$52,670 across 2,198 accounts
Employer contributions
$3,335,338 in plan year 2017 (32% of all contributions)
Plan year
Jan 1, 2017 – Dec 31, 2017
Plan established
Jan 27, 2002
— Employer contributions— Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2017 (Jan 1, 2017 – Dec 31, 2017), filed Oct 11, 2018. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2017

  • $10.3 million went into the plan in contributions, $3.34 million of it from the employer (32%).
  • $5.43 million was paid out to participants.
  • Investment and other income added $17.8 million.
  • Administrative expenses were $1,224, about $1 per account.

How the Great Lakes Educational Loan Services, Inc. 401(k) changed, 2012–2017

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20121,385$55.2 million$2.21 million$2.70 million
20131,406$70.0 million$2.30 million$2.50 million
20141,481$77.2 million$2.51 million$4.30 million
20151,658$81.2 million$2.87 million$5.12 million
20162,024$93.1 million$3.15 million$3.90 million
20172,416$115.8 million$3.34 million$5.43 million

Great Lakes Educational Loan Services, Inc. 401(k) Contact Information

Phone
608-246-1800
Mailing address
P.O. BOX 7858, MADISON WI 53704
Plan sponsor
GREAT LAKES EDUCATIONAL LOAN SERVICES, INC.
Employer identification number (EIN)
39-1864035
Plan number
002

Questions about the Great Lakes Educational Loan Services, Inc. 401(k)

Is the Great Lakes Educational Loan Services, Inc 401(k) plan still active?

We can't confirm that. The last Form 5500 on record for this plan covers plan year 2017, and no later filing was found under this employer's EIN.

Does Great Lakes Educational Loan Services, Inc contribute to the 401(k)?

The plan does not report an employer matching arrangement on its Form 5500. It did report $3.34 million in employer contributions for plan year 2017.

Does the Great Lakes Educational Loan Services, Inc 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Great Lakes Educational Loan Services, Inc 401(k) plan?

2,416 participants at the start of plan year 2017, 1,965 of them active employees, and 509 former employees who still had money in the plan.

What is the average 401(k) balance at Great Lakes Educational Loan Services, Inc?

About $52,670 per account: $115.8 million in plan assets across 2,198 accounts with a balance at the end of plan year 2017.

Who manages the Great Lakes Educational Loan Services, Inc 401(k) accounts?

Fidelity NetBenefits is the plan's recordkeeper, which is where participants log in to see their balance.

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