Plan Ledger DOL Form 5500 · updated monthly

Lakeland Mental Health Center, Inc.401(k)

LAKELAND MENTAL HEALTH CENTER, INC. EMPLOYEES' PROFIT SHARING PLUS PLAN · FERGUS FALLS, MN · plan year 2025

Employer contribution per participant · 2025
$3,051

Lakeland Mental Health Center, Inc.'s 2025 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $26,210,929 across 237 participant accounts, with employer contributions averaging $3,051 per active participant. See methodology for what Form 5500 does and doesn't capture.

Across the 2 years on file its reported administrative ratio fell from 0.06% to 0.03%. The plan sits in the $10M–$50M size bracket, benchmarked here against 1,620 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 759th-largest of 1,918 plans among Minnesota employers on file, and the 3,063rd of 11,911 in health care & social assistance. In 2025, employees put in $1.88 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$26,210,929
Participants with balances237
Active participants180
Employer contributions$549,172
Employee contributions$1,032,570
Employer contribution per active participant$3,051
Average account balance$110,595
Benefits paid to participants$2,019,046
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$26.2M · 237 accts · $549K emplr
2024$22.4M · 228 accts · $552K emplr
2023$21.4M · 215 accts · $537K emplr
2022$17.9M · 219 accts · $464K emplr
Administrative expenses, itemized · 2025
Investment management$11,866
Total administrative-$1,336
The Lakeland Mental Health Center, Inc. 401(k) match · 2025
Employer contribution per active participant$3,051
Median for plans this size$2,666
2025$3,051 per active participant
2024$2,985 per active participant
2023$3,313 per active participant
2022$2,830 per active participant

Lakeland Mental Health Center, Inc.'s 2025 employer contribution ran above the $2,666 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.

Service providers · 20252
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$11,866
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processingindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history4
2025Not separately reported
2024$6,772 · 0.03%
2023$7,808 · 0.04%
2022$11,601 · 0.06%
Same employer
Similar plansHealth Care & Social Assistance · Minnesota
Lifespark Group, LLC MN$27.7M · 0.84%
Welia Health MN$26.6M · 0.30%

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Source: U.S. Department of Labor, Form 5500 series, EIN 410843966 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.