Plan Ledger DOL Form 5500 · updated monthly

Lund Food Holdings, Inc.401(k)

LUND FOOD HOLDINGS, INC. 401(K) PROFIT SHARING PLAN · EDINA, MN · plan year 2024

Reported admin expense ratio · 2024
0.18%

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

Lund Food Holdings, Inc. reported $140,513 in plan administrative expenses for 2024: 0.18% of average plan assets, above the peer median. Employer contributions averaged $1,646 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 0.16% to 0.18%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other retail trade employers. By assets it is the 341st-largest of 1,918 plans among Minnesota employers on file, and the 449th of 5,215 in retail trade. In 2024, employees put in $2.51 for every $1.00 the employer contributed; active participation has shrunk from 726 to 626 since 2022.

Plan summary
Net assets, end of year$79,463,074
Participants with balances588
Active participants626
Employer contributions$1,030,352
Employee contributions$2,583,620
Employer contribution per active participant$1,646
Average account balance$135,141
Benefits paid to participants$9,137,285
Plan auditUnmodified (clean) audit opinion
AuditorRSM US LLP
Plan history3
Yearassets · accounts · employer contribution
2024$79.5M · 588 accts · $1.0M emplr
2023$73.6M · 594 accts · $1.7M emplr
2022$64.9M · 709 accts · $1.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$88,305
Investment management$52,208
Total administrative$140,513
The Lund Food Holdings, Inc. 401(k) match · 2024
Employer contribution per active participant$1,646
Median for plans this size$3,635
2024$1,646 per active participant
2023$2,205 per active participant
2022$2,157 per active participant

Lund Food Holdings, Inc.'s 2024 employer contribution ran below the $3,635 median for plans its size, in the bottom 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 · 20243
EMPOWER ANNUITY INS CO OF AMERICA · Recordkeeping · Loan processing$88,305
EMPOWER ADVISORY GROUP, LLC · Investment advisory (participants) · Investment management$34,037
COTA STREET INVESTMENT MANAGEMENT · Investment management$18,171

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

Recordkeeper by year2
2024Empower
2023Empower

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Administrative cost history3
2024$140,513 · 0.18%
2023$141,852 · 0.20%
2022$118,825 · 0.16%
All plans at this employer2
LUND FOOD HOLDINGS, INC. 401(K) PROFIT SHARING PLAN401(k)
LUND FOOD HOLDINGS, INC. 401(K) PLAN401(k)
Same employer
Similar plansRetail Trade · Minnesota
Digital River, Inc. MN$93.6M · 0.26%
Miner's Inc. MN$73.1M · 0.04%
Hom Furniture, Inc. MN$71.0M · 0.27%
Slumberland, Inc. MN$69.9M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411865892 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.