# Lake Region Corporation 401(k) Plan
Source: https://planprovider.pro/companies/lake-region-corporation-450383900-001

> Lake Region Corporation's 401(k) plan: 135 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Lake Region Corporation

- **Sponsor EIN:** 450383900

- **Sponsor Address:** 224 4TH ST NW, DEVILS LAKE, ND, 58301

- **Plan Type:** 401(k)

- **Plan Number:** 001

- **Total Participants:** 135

- **Total Assets:** $6.5M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** Yes

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|135|$6.5M|$224,182|$324,414|

| 2023|172|$6.3M|$194,893|$329,812|

| 2022|95|$5.1M|$174,295|$285,599|

## Service Providers (Schedule C)

Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).

| Provider Name|
Role|
Direct Compensation|
Indirect Compensation|
Total Fees|

| ALERUS FINANCIAL, N.A.|Investment Advisor|$24,572|—|$24,572|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [ALERUS FINANCIAL, N.A.](https://planprovider.pro/provider/intellicents-inc) — Investment Advisor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $24,572

- **Estimated Expense Ratio:** 0.375% of plan assets

### Historical Administrative Expenses

Breakdown of administrative expense categories reported on Form 5500 filings.

| Year|
Total Admin Expenses|
Investment Mgmt Fees|
Contract Admin Fees|
IQPA Audit Fees|
Professional Fees|

| 2024|$24,572|$24,572|—|—|—|

| 2023|$398,491|—|—|—|—|

| 2022|$394,158|—|—|—|—|

## Similar Plans

- [Hit, INC.](https://planprovider.pro/companies/hit-inc-401k-plan) — 631 participants

- [Minot Vocational Adjustment Workshop D/B/A Kalix](https://planprovider.pro/companies/minot-vocational-adjustment-workshop-d-b-a-kalix-450313122-001) — 286 participants

[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/lake-region-corporation-450383900-001)

© 2026 PlanProvider.Pro