Retirement plan

LAMB WESTON, INC. 401(K) PLAN FOR SALARIED AND HOURLY EMPLOYEES

Name: LAMB WESTON, INC. - LAMB WESTON, INC. 401(K) PLAN FOR SALARIED AND HOURLY EMPLOYEES (2024) Form 5500
Creator: LAMB WESTON, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LAMB WESTON, INC. 401(K) PLAN FOR SALARIED AND HOURLY EMPLOYEES, LAMB WESTON, INC.

LAMB WESTON, INC.EIN 20-8865395Plan #003PY 2024

599 S. RIVERSHORE LANE - EAGLE, ID 83616208-938-1047lambweston.comLinkedIn5001-10000 employeesfood production

Other plans on this EIN

2 filings

#002Retirement-$253.5M assets #001Retirement-$37.8M assets

Prospect flagsCorrective distributions

Top hat statement on fileNQDC

Filed May 23, 2017

Plan administrator

Plan administrator name— Sign in and upgrade to view

599 S. Rivershore Lane

Eagle State: ID Zip Code: 83616

Email— Sign in and upgrade to view Phone— Sign in and upgrade to view

Plans declared (3)

ConAgra Foods Lamb Weston, Inc. Nonqualified Pension Plan13 emp
Lamb Weston Holdings, Inc. Directors' Deferred Compensation Plan5 emp
Lamb Weston Holdings, Inc. Voluntary Deferred Compensation Plan126 emp

Total covered: 144 employees

Open the filing PDF

How to read this page

Total assets (EOY)

$444.2M

+11.9% from 2023

Total participants

2,462

-3.5% from 2023

Average account balance

$180,722

+15.5% from 2023

Annual return

16.57%

-4.54 pp from 2023

Benchmarks

See 262 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort262 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Analytics

Total assets (EOY)

Plan-year ending balance

$444.22M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$181K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

2,458

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

99.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$39.95M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$20K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+16.57%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$151

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

See the 8-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Service providers

Top 5 by compensation

Provider	Service type	Compensation
STRATEGIC ADVISORS, INC.7 years Service code 27 · EIN 04-2654524	Advisory (Plan)	$164,971
FIDELITY INVESTMENTS INSTITUTIONAL8+ years Service code 37 · EIN 04-2647786	Loan Processing	$136,199
MERCER6 years Filed as: MERCER INVESTMENTS LLC Service code 27 · EIN 13-2834414	Advisory (Plan)	$45,429
EIDE BAILLY LLP2 years Service code 10 · EIN 45-0250958	Accounting	$15,216
SEYFARTH SHAW LLP1 year Service code 29 · EIN 36-2152202	Legal	$9,623

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3H3J

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
3J
U.S.-based Puerto Rico dual-qualified plan
U.S.-based plan that covers residents of Puerto Rico and is qualified under both Code section 401 and section 1165 of the Internal Revenue Code of Puerto Rico.

Opportunity flags

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$371K

$189 / participant

Recordkeeping$135K36.3%
Investment mgmt$210K56.6%
Legal$10K2.6%
Contract admin$2K0.4%
Other / not subdivided$15K4.1%

% of EOY assets

0.084%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: EIDE BAILLY LLP
Auditor EIN: 450250958
Audit fees: $15,216
Opinion code: Unqualified

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$180,722

$76,173+137.3%

$81,382+122.1%

$199,593-9.5%

Participation rate

99.8%

76.3%+23.5pp

69.5%+30.3pp

72.0%+27.8pp

Annual return

16.57%

15.59%+1.0pp

24.73%-8.2pp

34.25%-17.7pp

Employer contribution / active EE

$10,122

$2,792+262.5%

$2,463+311.0%

$3,034+233.6%

Participant deferral / active EE

$10,188

$4,201+142.5%

$3,883+162.4%

$5,087+100.3%

Admin fee / account holder

$151

$146+3.5%

$5,768-97.4%

$269-43.8%

Provider

Service type

Compensation

STRATEGIC ADVISORS, INC.7 years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$164,971

FIDELITY INVESTMENTS INSTITUTIONAL8+ years

Service code 37 · EIN 04-2647786

Loan Processing

$136,199

MERCER6 years

Filed as: MERCER INVESTMENTS LLC

Service code 27 · EIN 13-2834414

Advisory (Plan)

$45,429

EIDE BAILLY LLP2 years

Service code 10 · EIN 45-0250958

Accounting

$15,216

SEYFARTH SHAW LLP1 year

Service code 29 · EIN 36-2152202

Legal

$9,623

LAMB WESTON, INC. 401(K) PLAN FOR SALARIED AND HOURLY EMPLOYEES

Top hat statement on fileNQDC

Plan administrator

Plans declared (3)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LAMB WESTON, INC. 401(K) PLAN FOR SALARIED AND HOURLY EMPLOYEES

Top hat statement on fileNQDC

Plan administrator

Plans declared (3)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion