Plan Snapshot
- Plan Sponsor: Lakewood Health System
- Sponsor EIN: 411842965
- Sponsor Address: 49725 COUNTY 83, STAPLES, MN, 56479
- Plan Type: 401(k)
- Total Participants: 851
- Total Assets: $78.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 851 | $78.4M | $1.4M | $3.2M |
| 2023 | 812 | $74.0M | $1.9M | $2.9M |
| 2022 | 810 | $66.9M | $2.0M | $2.7M |
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 |
|---|---|---|---|---|
| DS&B, LTD. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- DS&B, LTD. — 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 | $185,717 | $133,815 | — | — | — |
| 2023 | $141,518 | $91,487 | — | — | — |
| 2022 | $169,745 | $123,722 | $46,023 | — | — |