401(k) · DOL Form 5500 · 2022

Lakeland Financial Corporation 401(k) Plan

Data updated 2026-08-11

$116M
Total assets
606
Participants
94th
Percentile by assets
$192,157
Avg per participant
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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.

  • 94th percentile by assets (of 139,126 plans)
  • #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.

$116M
total plan assets (2022 EOY)
606
covered participants
94th
percentile by assets (of 139,126 plans)
$192,157
avg assets per participant

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.

Where Lakeland Financial Corporation 401(k) Plan sits 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 $2,010,000,000 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

State
Indiana
Industry
Finance & Insurance

Lakeland Financial Corporation 401(k) Plan vs the 2022 asset distribution

By assets, Lakeland Financial Corporation 401(k) Plan outranks 94% of the 139,126 plans that filed a Form 5500 for the 2022 plan year, and holds roughly 1.2x the national average plan size of $100M (721 average participants).

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)

$116M$118M$120M$122M$124M 202220232024 $118M $123M ▲ +3.6%
Total plan assets by year, all Lakeland Financial Corporation plans on file
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 ($B) Participants Lakeland Financial C…, Total assets ($B): 0.116446904 · Participants: 606Lakeland Financial C…Elevance Health 401(…, Total assets ($B): 9.467911456 · Participants: 71898Elevance Health 401(…The Lilly Employee 4…, Total assets ($B): 8.875255354 · Participants: 15607The Lilly Employee 4…Cummins Retirement a…, Total assets ($B): 4.386787904 · Participants: 23710Cummins Retirement a…Iu Health 401(k) Sav…, Total assets ($B): 3.245347601 · Participants: 39243Iu Health 401(k) Sav…Steel Dynamics, Inc.…, Total assets ($B): 2.020286876 · Participants: 8632Steel Dynamics, Inc.…
Lakeland Financial Corporation 401(k) Plan vs. nearby 401(k) plans in Indiana, assets vs. participants
Compare Lakeland Financial Corporation 401(k) Pl… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Lakeland Financial Corporation 401(k) Plan by total assets, not by location.

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).

Next read for Lakeland Financial Corporation 401(k) Pl…

Scale reading

Ways to act on Lakeland Financial Corporation 401(k) Plan's numbers.

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.