Plan Snapshot
- Plan Sponsor: Lifecore Biomedical INC.
- Sponsor EIN: 943025618
- Sponsor Address: 3515 LYMAN BLVD, CHASKA, MN, 55318
- Plan Type: 401(k)
- Total Participants: 443
- Total Assets: $81.7M
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 | 443 | $81.7M | $1.6M | $3.9M |
| 2023 | 493 | $80.8M | $1.6M | $3.9M |
| 2022 | 443 | $69.2M | $1.8M | $4.3M |
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 |
|---|---|---|---|---|
| NWK GROUP INC | ADVISOR | $50,000 | — | $50,000 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $11,084 | — | $11,084 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $61,084
- Estimated Expense Ratio: 0.075% 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 | $63,966 | $50,000 | — | $2,882 | — |
| 2023 | $65,682 | $50,000 | — | $10,000 | — |
| 2022 | $74,263 | — | — | — | — |