Employers › Land O'lakes › plan 017
Recordkeeping fees per participant · Land O'lakes, Inc. Employee Savings and Supplemental Retirement Plan · plan year 2024
$145.25
Higher than 100% of the 790 plans over $1B that report it.
= $1,618,953 / 11,146
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251007172217NAL0012097010001, received 2025-10-07
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251007172217NAL0012097010001, received 2025-10-07
Percentiles compare this plan with the Schedule H plans over $1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-10-07.
Administrative expenses excluding investment management, per participant
$152.18
Higher than 97% of the 1,045 plans over $1B that report it.
= $1,696,234 / 11,146
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251007172217NAL0012097010001, received 2025-10-07
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251007172217NAL0012097010001, received 2025-10-07
Administrative expenses per participant
$154.44
Higher than 87% of the 1,076 plans over $1B that report it.
= $1,721,427 / 11,146
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251007172217NAL0012097010001, received 2025-10-07
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251007172217NAL0012097010001, received 2025-10-07
Administrative expenses as a share of assets
0.084%
Higher than 80% of the 1,076 plans over $1B that report it.
= $1,721,427 / $2,041,074,970
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251007172217NAL0012097010001, received 2025-10-07
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251007172217NAL0012097010001, received 2025-10-07
Employer contributions per participant
$4,658
Higher than 64% of the 1,135 plans over $1B that report it.
= $51,919,472 / 11,146
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251007172217NAL0012097010001, received 2025-10-07
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251007172217NAL0012097010001, received 2025-10-07
Employer share of total contributions
41.5%
Higher than 78% of the 1,135 plans over $1B that report it.
= $51,919,472 / $125,164,125
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251007172217NAL0012097010001, received 2025-10-07
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251007172217NAL0012097010001, received 2025-10-07
2A age/service-weighted · 2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2S pre-approved plan document · 2T default investment (QDIA) · 2X · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251007172217NAL0012097010001, received 2025-10-07
| Field | Value | Source |
|---|---|---|
| Plan sponsor | LAND O'LAKES, INC. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251007172217NAL0012097010001, received 2025-10-07 |
| Plan name | LAND O'LAKES, INC. EMPLOYEE SAVINGS AND SUPPLEMENTAL RETIREMENT PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251007172217NAL0012097010001, received 2025-10-07 |
| Sponsor EIN / plan number | 41-0365145 / 017 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251007172217NAL0012097010001, received 2025-10-07 |
| Plan type | multiple-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251007172217NAL0012097010001, received 2025-10-07 |
| Sponsor location | ARDEN HILLS, MN | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251007172217NAL0012097010001, received 2025-10-07 |
| Industry (business code) | 311500, Manufacturing | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251007172217NAL0012097010001, received 2025-10-07 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251007172217NAL0012097010001, received 2025-10-07 |
| Filing received | 2025-10-07 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251007172217NAL0012097010001, received 2025-10-07 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251007172217NAL0012097010001, received 2025-10-07 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251007172217NAL0012097010001, received 2025-10-07 |
| Participants, beginning of year | 11,827 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251007172217NAL0012097010001, received 2025-10-07 |
| Active participants | 7,358 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251007172217NAL0012097010001, received 2025-10-07 |
| Participants, end of year | 11,406 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251007172217NAL0012097010001, received 2025-10-07 |
| Participants with an account balance | 11,146 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251007172217NAL0012097010001, received 2025-10-07 |
| Total assets, beginning of year | $1,962,928,226 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251007172217NAL0012097010001, received 2025-10-07 |
| Total assets, end of year | $2,041,074,970 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251007172217NAL0012097010001, received 2025-10-07 |
| Net assets, end of year | $2,040,956,648 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251007172217NAL0012097010001, received 2025-10-07 |
| Total income | $352,004,978 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251007172217NAL0012097010001, received 2025-10-07 |
| Net income | $79,463,651 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251007172217NAL0012097010001, received 2025-10-07 |
| Employer contributions | $51,919,472 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251007172217NAL0012097010001, received 2025-10-07 |
| Participant contributions | $66,542,975 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251007172217NAL0012097010001, received 2025-10-07 |
| Other contributions (incl. rollovers) | $6,701,678 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251007172217NAL0012097010001, received 2025-10-07 |
| Total contributions | $125,164,125 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251007172217NAL0012097010001, received 2025-10-07 |
| Benefit payments | $270,808,968 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251007172217NAL0012097010001, received 2025-10-07 |
| Total expenses (incl. benefit payments) | $272,541,327 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251007172217NAL0012097010001, received 2025-10-07 |
| Total administrative expenses | $1,721,427 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251007172217NAL0012097010001, received 2025-10-07 |
| Contract administrator fees | $1,500 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20251007172217NAL0012097010001, received 2025-10-07 |
| Recordkeeping fees | $1,618,953 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251007172217NAL0012097010001, received 2025-10-07 |
| IQPA audit fees | $0 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20251007172217NAL0012097010001, received 2025-10-07 |
| Investment advisory and management fees | $25,193 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20251007172217NAL0012097010001, received 2025-10-07 |
| Administrative expenses excluding investment management | $1,696,234 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251007172217NAL0012097010001, received 2025-10-07 |
| Held in master trusts | $0 | Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20251007172217NAL0012097010001, received 2025-10-07 |
| Held in common/collective trusts | $1,812,051,808 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251007172217NAL0012097010001, received 2025-10-07 |
| Held in mutual funds | $202,935,658 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251007172217NAL0012097010001, received 2025-10-07 |
| Independent auditor | GRANT THORNTON LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251007172217NAL0012097010001, received 2025-10-07 |
Position = column in the DOL layout for form year 2024. Filing 20251007172217NAL0012097010001, received 2025-10-07.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| ALIGHT SOLUTIONS LLCrecordkeeper | RECORDKEEPER | 49 Other services | $74,606 | no |
| STRATEGIC ADVISORS, INC. | ADVISOR | 27 Investment advisory (plan) | $25,193 | no |
| FIDELITY INVESTMENTS INSTITUTIONALrecordkeeper | RECORDKEEPER | 37 Participant loan processing; 64 Recordkeeping fees; 65 Account maintenance fees | $18,900 | yes |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20251007172217NAL0012097010001, received 2025-10-07.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $1,962,928,226 | $2,041,074,970 | 4.0% |
| Participants with a balance | 11,737 | 11,146 | -5.0% |
| Administrative expenses | $3,655,369 | $1,721,427 | -52.9% |
| Recordkeeping fees per participant | not reported | $145.25 | |
| Employer contributions | $54,599,685 | $51,919,472 | -4.9% |
Prior filing 20241003164248NAL0010920769001, received 2024-10-03; the plan years are contiguous.