401(k) · DOL Form 5500 · 2022

Lakeland Financial Corporation 401(k) Plan

Data updated 2026-08-25

$116M
Total assets Near avg plan size
606
Participants Below avg headcount
94th
Percentile by assets National rank
$192,157
Avg per participant Above avg balance/head
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Official DOL plan name: Lakeland Financial Corporation 401(k) Plan · Sponsored by Lakeland Financial Corporation · Indiana · Finance & Insurance

$116M in assets, 606 participants

Lakeland Financial Corporation's Lakeland Financial Corporation 401(k) Plan reported $116M in total assets and 606 participants in its 2022 DOL Form 5500 filing, ranking in the 94th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #8,289 in Finance & Insurance (9,261 peers)

Where Lakeland Financial Corporation 401(k) Plan sits by assets

Lakeland Financial Corporation 401(k) Plan sits in the top 10% of all filed plans by assets, $116M for 606 participants (~$192,157/participant), down 14.4% in 2022.

#8,289
in Finance & Insurance (9,261 peers)
-14.4%
assets change YoY
1.2×
vs typical plan assets (national mean)

The plan reported a net loss of $20M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Lakeland Financial Corporation 401(k) Plan's outsized position by total assets

Lakeland Financial Corporation 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$116,446,904 Top 6% higher than 94% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Lakeland Financial Corporation 401(k) Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Lakeland Financial Corporation 401(k) Plan sits mid-pack in the medium band (606 participants).

Published 5500 schedule card

Filing strip 351559596 · Lakeland Financial Corporation PY 2022 · 401(k)

Lakeland Financial Corporation 401(k) Plan · $116M · 606 · 94th

  • TYPE $116M
  • NET 606
  • BOOK 94th
  • VS-ST 401(k)
  • BOY near Plastic Ingenuity, Inc. Profit Sharing and Savings Plan
  • SCH ind #8289

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Finance & Insurance retirement plans → · Plans in Indiana →

Lakeland Financial Corporation 401(k) Plan in the asset neighbourhood

Plastic Ingenuity, Inc. Profit Sharing and Savings PlanPlastic Ingenuity, Inc. Prof…$116MLakeland Financial Corporation 401(k) PlanLakeland Financial Corporati…$116MCarter-Jones Companies 401(k) Retirement PlanCarter-Jones Companies 401(k…$116MJackson Healthcare 401(k) Savings PlanJackson Healthcare 401(k) Sa…$116MHaynsworth Sinkler Boyd, P.a. 401(k) PlanHaynsworth Sinkler Boyd, P.a…$116M
End-of-year total assets ($M) among Lakeland Financial Corporation 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$136M
Net Assets (End of Year)$116M
Net Income-$20M
Employer EIN351559596
Plan Effective Date1984-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Lakeland Financial Corporation)

Sponsor-wide plan assets over time

All Lakeland Financial Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$123M 3.630501974088466% vs 2022
2024 filing year
$116M$118M$120M$122M$124M 202220232024 $118M $123M ▲ +3.6%
Year Plans Participants Total Assets
2022 2 672 $118M
2023 1 643 $119M
2024 1 649 $123M

Nearby 401(k) Plans in Indiana

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Lakeland Financial Corporation 401(k) Plan vs. nearby 401(k) plans in Indiana, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -50510 Total assets ($B) Participants Lakeland Financial Corporation 401(k) Plan, Total assets ($B): 0.116446904 · Participants: 606Lakeland Financial Corporation 401(k) PlanElevance Health 401(k) Plan, Total assets ($B): 9.467911456 · Participants: 71898Elevance Health 401(k) PlanThe Lilly Employee 401(k) Plan, Total assets ($B): 8.875255354 · Participants: 15607The Lilly Employee 401(k) PlanCummins Retirement and Savings Plan, Total assets ($B): 4.386787904 · Participants: 23710Cummins Retirement and Savings PlanIu Health 401(k) Savings Plan, Total assets ($B): 3.245347601 · Participants: 39243Iu Health 401(k) Savings PlanSteel Dynamics, Inc. Profit Sharing and Retirement Savings Plan, Total assets ($B): 2.020286876 · Participants: 8632Steel Dynamics, Inc. Profit Sharing and Retirement Savings Plan
Lakeland Financial Corporation 401(k) Plan vs. nearby 401(k) plans in Indiana, assets vs. participants
Compare Lakeland Financial Corporation 401(k) Plan side-by-side with 3 peers →

Lakeland Financial Corporation 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Indiana, the nearest 401(k) by assets is Plastic Ingenuity, Inc. Profit Sharing and Savings Plan in WI ($116M); by covered participants it is Mode Transportation 401(k) Plan in TX (606 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (606 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Lakeland Financial Corporation 401(k) Plan assets move in 2022? ▼
Lakeland Financial Corporation 401(k) Plan pulled back noticeably - down 14.4% during 2022, from $136M to $116M. Reported net income was -$20M.
How have Lakeland Financial Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Lakeland Financial Corporation's sponsor-wide assets grew 3.6%, from $118M to $123M.
Where does Lakeland Financial Corporation 401(k) Plan rank by assets among Form 5500 filers? ▼
Lakeland Financial Corporation 401(k) Plan ranks in the 94th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 10% of all filed plans by assets).
Which 401(k) plans are similar in size to Lakeland Financial Corporation 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Plastic Ingenuity, Inc. Profit Sharing and Savings Plan in WI ($116M, 708 participants).
Which 401(k) plans cover a similar participant headcount to Lakeland Financial Corporation 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Mode Transportation 401(k) Plan in TX (606 participants, $23M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 351559596.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.