Plan Snapshot
- Plan Sponsor: Lakeland Mental Health Center, INC.
- Sponsor EIN: 410843966
- Sponsor Address: 980 SOUTH TOWER ROAD, FERGUS FALLS, MN, 56537
- Plan Type: 401(k)
- Total Participants: 185
- Total Assets: $22.4M
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 | 185 | $22.4M | $552,218 | $1.0M |
| 2023 | 162 | $21.4M | $536,684 | $929,338 |
| 2022 | 164 | $17.9M | $464,048 | $886,305 |
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 |
|---|---|---|---|---|
| REDPATH AND COMPANY, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- REDPATH AND COMPANY, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $6,772 | $9,964 | — | — | — |
| 2023 | $7,808 | $9,571 | — | — | — |
| 2022 | $11,601 | $6,447 | — | — | — |