# Lakeland Mental Health Center, INC. 401(k) Plan
Source: https://planprovider.pro/companies/lakeland-mental-health-center-inc-401k-plan

> Lakeland Mental Health Center, INC.&#39;s 401(k) plan: 185 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/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|—|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/lakeland-mental-health-center-inc-401k-plan)

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