# Lakes Area Cooperative 401(k) Plan
Source: https://planprovider.pro/companies/lakes-area-cooperative-401k-plan

> Lakes Area Cooperative's 401(k) plan: 170 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Lakes Area Cooperative

- **Sponsor EIN:** 410474270

- **Sponsor Address:** P. O. BOX 247, PERHAM, MN, 56573

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

- **Total Participants:** 170

- **Total Assets:** $8.3M

## 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|170|$8.3M|$457,252|$411,393|

| 2023|168|$8.7M|$420,678|$403,614|

| 2022|98|$4.6M|$189,278|$199,454|

## 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|

| MILLIMAN, INC.|NONE|$30,961|—|$30,961|

| WIDMER ROEL PC|Auditor|—|—|$0|

### Verified Provider Profiles

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

- [MILLIMAN, INC.](https://planprovider.pro/provider/milliman) — NONE

- [WIDMER ROEL PC](https://planprovider.pro/provider/widmer-roel-pc) — Auditor

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $30,961

- **Estimated Expense Ratio:** 0.372% 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|$35,649|—|—|—|—|

| 2023|$36,828|—|—|—|—|

| 2022|—|—|—|—|—|

## Similar Plans

- [Land O' Lakes, INC.](https://planprovider.pro/companies/land-o-lakes-inc-401k-plan-031) — 370 participants

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