Factors that regulate planktonic communities under lake ice may be vastly different than the open-water season. However, under-ice food webs in temperate lakes are poorly understood, despite expected changes in light availability, ice cover, and snowfall associated with climate change. We hypothesized that light limitation (bottom-up control) outweighs zooplankton grazing (top-down control) on phytoplankton biovolume and community structure under ice in a north temperate lake. Using in situ under-ice mesocosms, we found that light had stronger effects on phytoplankton abundance than zooplankton, as expected. Specifically, low light limited growth of diatoms, cryptophytes, chrysophytes, and chlorophytes. Zooplankton, however, also significantly affected phytoplankton by decreasing diatoms and cryptophytes, in contrast to the common assumption that zooplankton grazing has negligible effects under ice. Ammonia and soluble reactive phosphorus decreased in high light treatments presumably through uptake by phytoplankton, whereas ammonia and soluble reactive phosphorus increased in high zooplankton treatments, likely through excretion. In situ experimental studies are commonly applied to understand food web dynamics in open-water conditions, but are extremely rare under ice. Our results suggest that changes in the light environment under ice have significant, rapid effects on phytoplankton growth and community structure and that zooplankton may play a more active role in winter food webs than previously thought. Changes in snow and ice dynamics associated with climate change may alter the light environment in ice-covered systems and significantly influence community structure.