Plan Ledger DOL Form 5500 · updated monthly

Lamb Weston, Inc.401(k)

LAMB WESTON, INC. 401(K) PLAN FOR SALARIED AND HOURLY EMPLOYEES · EAGLE, ID · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

Lamb Weston, Inc. reported $371,438 in plan administrative expenses for 2024: 0.09% of average plan assets, above the peer median. Employer contributions averaged $10,122 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 3 years on file its reported administrative ratio has held roughly steady near 0.088%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other manufacturing employers. By assets it is the 9th-largest of 349 plans among Idaho employers on file, and the 632nd of 13,661 in manufacturing. In 2024, employees put in $1.01 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$444,215,866
Participants with balances2,458
Active participants1,967
Employer contributions$19,909,111
Employee contributions$20,040,779
Employer contribution per active participant$10,122
Average account balance$180,722
Benefits paid to participants$58,485,655
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$444.2M · 2,458 accts · $19.9M emplr
2023$397.0M · 2,538 accts · $23.1M emplr
2022$314.6M · 2,344 accts · $16.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$136,199
Investment management$210,400
Audit (IQPA)$15,216
Total administrative$371,438
The Lamb Weston, Inc. 401(k) match · 2024
Employer contribution per active participant$10,122
Median for plans this size$4,294
2024$10,122 per active participant
2023$10,611 per active participant
2022$8,369 per active participant

Lamb Weston, Inc.'s 2024 employer contribution ran above the $4,294 median for plans its size, placing it in the top quarter of its peers. 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 · 20245
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$164,971
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$136,199
MERCER INVESTMENTS LLC · Investment advisory (plan)$45,429
EIDE BAILLY LLP · Accounting / audit$15,216
SEYFARTH SHAW LLP · Legal$9,623

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

Administrative cost history3
2024$371,438 · 0.09%
2023$327,079 · 0.09%
2022$314,144 · 0.09%
All plans at this employer2
LAMB WESTON, INC. 401(K) PLAN FOR PLANT HOURLY EMPLOYEES401(k)
LAMB WESTON, INC. 401(K) PLAN FOR SALARIED AND HOURLY EMPLOYEES401(k)
Same employer
Similar plansManufacturing · Idaho
Micron Technology, Inc. ID$4.4B · 0.04%
J.R. Simplot Company ID$1.8B · 0.07%
Boise Cascade Company ID$740.4M · 0.08%
Glanbia, Inc. ID$336.1M · 0.12%
Woodgrain Inc. ID$271.8M · 0.19%
Litehouse, Inc. ID$209.6M
Riley Creek Lumber Company ID$118.5M · 0.41%

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Source: U.S. Department of Labor, Form 5500 series, EIN 208865395 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.