Lakeview Farms Holdings, Inc. 401(k) Review & Grade
Lakeview Farms, LLC 401(k) Plan
Delphos, OHManufacturing800 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,516Employer $ per active participant
$3,017Employee $ saved per active participant
0.39%Direct admin cost, % of plan assets
$26.9MNet plan assets, end of year
$44,309Average balance per account
Score breakdown
- Employer generosity15.6 / 5031th percentile for employer $ per participant
- Low cost7.8 / 2531th percentile for low admin cost vs. same-size plans
- Employee saving3.4 / 1523th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score30 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 31th |
| Lower admin cost | 31th |
| Employee saving | 23th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Lakeview Farms Holdings put in about $1,516 per active participant, below the typical peer ($2,320). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.39% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $1,212,742 |
| Participant (employee) contributions | $2,413,376 |
| Other contributions (incl. rollovers in) | $307,141 |
| Administrative expenses paid from the plan | $100,000 |
| Investment advisory & management fees | $20,000 |
| Benefits paid out | $3,929,468 |
| Net assets, start / end of year | $23.8M / $26.9M |
| Active participants, start / end of year | 686 / 914 |
| Participants with account balances | 608 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Freed Maxick Cpas, P.C. |
Largest service providers (Schedule C)
| Alliance Pension Consultants, LLC | $80,000 reported compensation |
| Oakstreet Wealth Management | $20,000 reported compensation |
| Charles Schwab Trust Bank | $7,804 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014133209NAL0002897361001, received 2025-10-14, EIN 45-2870019, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.