What are the fees in the Lake Foods, Inc. 401(k) plan?

For plan year 2022, Lake Foods, Inc. reported $14,664 in plan administrative expenses, or 1.49% of average plan assets — above the peer median. Fund-level expense ratios are not included in public filings.

What is the Lake Foods, Inc. 401(k) match?

In 2022, employer contributions to the Lake Foods, Inc. plan averaged $272 per active participant, below the $331 median for plans of similar size. Public filings report contribution dollars, not the match formula; the formula is in the plan's summary plan description.

What is the average account balance in the Lake Foods, Inc. 401(k)?

The average participant account balance was $14,933 for plan year 2022, based on 78 accounts.

Lake Foods, Inc.401(k)

Name: Lake Foods, Inc. 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

LAKE FOODS RETIREMENT PLAN · HARTWELL, GA · plan year 2022

Reported admin expense ratio · 2022

1.49%

Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works

Lake Foods, Inc. reported $14,664 in plan administrative expenses for 2022: 1.49% of average plan assets, above the peer median. Employer contributions averaged $272 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

The plan sits in the under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Georgia (2,027th of 2,160), and 13,212th of 13,661 in manufacturing. In 2022, employees put in $2.48 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,164,737
Participants with balances78
Active participants445
Employer contributions$121,187
Employee contributions$301,142
Employer contribution per active participant$272
Average account balance$14,933
Benefits paid to participants$181,658
Plan auditUnmodified (clean) audit opinion
AuditorFORRESTALL CPAS

The Lake Foods, Inc. 401(k) match · 2022

Employer contribution per active participant$272

Median for plans this size$331

Lake Foods, Inc.'s 2022 employer contribution ran below the $331 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Your balance

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1

2022$14,664 · 1.49%

All plans at this employer2

LAKE FOODS RETIREMENT PLAN401(k)

LAKE FOODS, INC. EMPLOYEE STOCK OWNERSHIP PLANESOP

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Lake Foods, Inc.'s health & benefits plan: carriers, premiums & broker pay

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Source: U.S. Department of Labor, Form 5500 series, EIN 471275129 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.