Plan Snapshot
- Plan Sponsor: Land O'Lakes, INC.
- Sponsor EIN: 410365145
- Sponsor Address: 4001 LEXINGTON AVE N, ARDEN HILLS, MN, 55126
- Plan Type: 401(k)
- Total Participants: 7,358
- Total Assets: $2.0B
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 | 7,358 | $2.0B | $51.9M | $66.5M |
| 2023 | 7,341 | $2.0B | $54.6M | $66.3M |
| 2022 | 7,505 | $1.7B | $54.6M | $67.3M |
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 |
|---|---|---|---|---|
| ALIGHT SOLUTIONS LLC | RECORDKEEPER | $74,606 | — | $74,606 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $25,193 | — | $25,193 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $18,900 | — | $18,900 |
| GRANT THORNTON LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ALIGHT SOLUTIONS LLC — RECORDKEEPER
- STRATEGIC ADVISORS, INC. — ADVISOR
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- GRANT THORNTON LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $118,699
- Estimated Expense Ratio: 0.006% 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 | $1,721,427 | $25,193 | $1,500 | — | — |
| 2023 | $3,655,369 | -$70,727 | $3,536,858 | — | — |
| 2022 | $2,875,791 | $47,046 | $1,886,075 | — | $942,670 |