Plan Ledger DOL Form 5500 · updated monthly

Land O' Lakes, Inc.401(k)

LAND O LAKES EMPLOYEE SAVINGS & SUPPLEMENTAL RETIREMENT PLAN · ST. PAUL, MN · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

Land O' Lakes, Inc. reported $1,721,427 in plan administrative expenses for 2024: 0.09% of average plan assets, higher than ~75% of peers. Employer contributions averaged $7,056 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 fell from 0.15% to 0.09%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other agriculture, forestry & fishing employers. By assets it is the 25th-largest of 1,918 plans among Minnesota employers on file, and the 2nd of 945 in agriculture, forestry & fishing. In 2024, employees put in $1.28 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,040,956,648
Participants with balances11,146
Active participants7,358
Employer contributions$51,919,472
Employee contributions$66,542,975
Employer contribution per active participant$7,056
Average account balance$183,111
Benefits paid to participants$270,808,968
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$2.0B · 11,146 accts · $51.9M emplr
2023$2.0B · 11,737 accts · $54.6M emplr
2022$1.7B · 11,665 accts · $54.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,620,453
Investment management$25,193
Total administrative$1,721,427
The Land O' Lakes, Inc. 401(k) match · 2024
Employer contribution per active participant$7,056
Median for plans this size$5,259
2024$7,056 per active participant
2023$7,438 per active participant
2022$7,281 per active participant

Land O' Lakes, Inc.'s 2024 employer contribution ran above the $5,259 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 · 20243
ALIGHT SOLUTIONS LLC · Other services$74,606
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$25,193
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$18,900

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

Recordkeeper by year2
2024Milliman
2023Alight, Milliman

This plan has changed recordkeepers within these filings. If you left Land O' Lakes, Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$1,721,427 · 0.09%
2023$3,655,369 · 0.20%
2022$2,875,791 · 0.15%
All plans at this employer3
LAND O LAKES EMPLOYEE SAVINGS & SUPPLEMENTAL RETIREMENT PLAN401(k)
CO-OP 401(K) PLAN401(k)
CO-OP 401(K) PLAN401(k)
Same employer
Similar plansAgriculture, Forestry & Fishing · Minnesota
Tyson Foods, Inc. AR$3.7B · 0.14%
Perdue Farms Inc MD$708.4M · 0.09%
Siteone Landscape Supply GA$603.1M · 0.09%
Wayne Farms LLC GA$595.7M · 0.45%
The Wonderful Company CA$590.0M · 0.04%
Bailey Nurseries, Inc. MN$84.1M · 0.11%
Riverview, LLP MN$56.6M · 0.42%

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Source: U.S. Department of Labor, Form 5500 series, EIN 410365145 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.