Retirement plan

LAMB WESTON/RDO FROZEN 401(K) PLAN

Name: LAMB WESTON/RDO FROZEN - LAMB WESTON/RDO FROZEN 401(K) PLAN (2024) Form 5500
Creator: LAMB WESTON/RDO FROZEN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LAMB WESTON/RDO FROZEN 401(K) PLAN, LAMB WESTON/RDO FROZEN

LAMB WESTON/RDO FROZENEIN 91-1696839Plan #002PY 2024

P.O. BOX 552 - PARK RAPIDS, MN 56470218-732-2140LinkedIn1-10 employeesfood production

Prospect flagsLow assets / participant

How to read this page

Total assets (EOY)

$5.6M

+18.3% from 2023

Total participants

424

0.0% from 2023

Average account balance

$13,214

+18.3% from 2023

Annual return

13.06%

-135.53 pp from 2023

Benchmarks

See 744 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort744 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$5.60M

Not enough data

1 years with asset history on file

Average account balance

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

$13K

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.

424

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.13M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+13.06%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 3 by compensation

Provider	Service type	Compensation
LPL FINANCIAL2 years Filed as: LPL FINANCIAL LLC-RPCP Service code 49 · EIN 95-2834236 PO BOX 52533 · SAN DIEGO, CA 921502533	Other Services	$20,129
NATIONWIDE2 years Service code 15 · EIN 31-1592130 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$18,013
NWRPC LLC2 years Service code 49 · EIN 88-2334307 2055 N. STEPTOE ST. SUITE 120 · KENNEWICK, WA 99336	Other Services	$8,035

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

1 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Plan-level admin expenses are zero - fees are likely paid at the master-trust level rather than the individual plan.

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: KBF CPAS-AUDIT, LLP
Auditor EIN: 332366711
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$13,214

$66,459-80.1%

$81,353-83.8%

$77,736-83.0%

Participation rate

100.0%

68.7%+31.3pp

69.5%+30.5pp

70.6%+29.4pp

Annual return

13.06%

15.95%-2.9pp

24.82%-11.8pp

31.26%-18.2pp

Employer contribution / active EE

$1,861

$2,156-13.7%

$2,464-24.5%

$2,728-31.8%

Participant deferral / active EE

$2,019

$3,674-45.1%

$3,885-48.0%

$4,651-56.6%

Admin fee / account holder

$585-100.0%

$5,766-100.0%

$433-100.0%

Provider

Service type

Compensation

LPL FINANCIAL2 years

Filed as: LPL FINANCIAL LLC-RPCP

Service code 49 · EIN 95-2834236

PO BOX 52533 · SAN DIEGO, CA 921502533

Other Services

$20,129

NATIONWIDE2 years

Service code 15 · EIN 31-1592130

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$18,013

NWRPC LLC2 years

Service code 49 · EIN 88-2334307

2055 N. STEPTOE ST. SUITE 120 · KENNEWICK, WA 99336

Other Services

$8,035

LAMB WESTON/RDO FROZEN 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LAMB WESTON/RDO FROZEN 401(K) PLAN

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