Plan Ledger DOL Form 5500 · updated monthly

Lakewinds Natural Foods401(k)

LAKEWINDS NATURAL FOODS 401(K)/PROFIT SHARING PLAN AND TRUST · EDEN PRAIRIE, MN · plan year 2024

Reported admin expense ratio · 2024
0.50%

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

Lakewinds Natural Foods reported $36,378 in plan administrative expenses for 2024: 0.50% of average plan assets, below the peer median. Employer contributions averaged $675 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.

Across the 2 years on file its reported administrative ratio rose from 0.44% to 0.50%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Minnesota (1,427th of 1,918), and 3,126th of 5,215 in retail trade. In 2024, employees put in $2.84 for every $1.00 the employer contributed; active participation has grown from 245 to 298 since 2022.

Plan summary
Net assets, end of year$7,649,615
Participants with balances212
Active participants298
Employer contributions$201,104
Employee contributions$571,383
Employer contribution per active participant$675
Average account balance$36,083
Benefits paid to participants$953,817
Plan auditUnmodified (clean) audit opinion
AuditorBGM CPA LLC
Plan history3
Yearassets · accounts · employer contribution
2024$7.6M · 212 accts · $201K emplr
2023$7.0M · 300 accts · $190K emplr
2022$5.6M · 291 accts · $171K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$36,378
Total administrative$36,378
The Lakewinds Natural Foods 401(k) match · 2024
Employer contribution per active participant$675
Median for plans this size$1,313
2024$675 per active participant
2023$740 per active participant
2022$700 per active participant

Lakewinds Natural Foods's 2024 employer contribution ran below the $1,313 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

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
ALERUS FINANCIAL, N.A. · Recordkeeping · Trustee$36,378

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

Recordkeeper by year2
2024Alerus
2023Alerus

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$36,378 · 0.50%
2023$22,767 · 0.36%
2022$26,511 · 0.44%
Similar plansRetail Trade · Minnesota
Km Supermarkets, Inc. MN$8.4M · 0.36%
Fluid Interiors, LLC MN$8.0M · 0.04%
Linn Retail Centers, Inc. MN$7.9M · 0.71%
Leeann Chin, Inc. MN$7.2M · 0.13%
Barrett AG Service, Inc. MN$6.4M · 0.67%
Mauer Chevrolet MN$6.2M · 1.40%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411443915 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.