401(k) · DOL Form 5500 · 2022

Lakewood Health System 401(k) Plan

Data updated 2026-08-11

$67M
Total assets
748
Participants
90th
Percentile by assets
$89,406
Avg per participant
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Official DOL plan name: Lakewood Health System 401(k) Plan · Sponsored by Lakewood Health System · Minnesota · Healthcare & Social Assistance

$67M in assets, 748 participants

Lakewood Health System's Lakewood Health System 401(k) Plan reported $67M in total assets and 748 participants in its 2022 DOL Form 5500 filing, ranking in the 90th 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.

  • 90th percentile by assets (of 139,126 plans)
  • #18,387 in Healthcare & Social Assistance (20,060 peers)

Where Lakewood Health System 401(k) Plan sits by assets

Lakewood Health System 401(k) Plan sits in the top 10% of all filed plans by assets, $67M for 748 participants (~$89,406/participant), down 14.8% in 2022.

$67M
total plan assets (2022 EOY)
748
covered participants
90th
percentile by assets (of 139,126 plans)
$89,406
avg assets per participant

The plan reported a net loss of $12M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Where Lakewood Health System 401(k) Plan sits by total assets

Lakewood Health System 401(k) Plan vs every filed plan by assets

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

$66,875,482 Top 10% higher than 90% 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

Lakewood Health System 401(k) Plan vs the 2022 asset distribution

By assets, Lakewood Health System 401(k) Plan outranks 90% of the 139,126 plans that filed a Form 5500 for the 2022 plan year, and holds roughly 0.7x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$79M
Net Assets (End of Year)$67M
Net Income-$12M
Employer EIN411842965
Plan Effective Date1997-08-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Lakewood Health System)

$65M$70M$75M$80M 202220232024 $66.9M $78.4M ▲ +17.3%
Total plan assets by year, all Lakewood Health System plans on file
Year Plans Participants Total Assets
2022 1 748 $67M
2023 1 788 $74M
2024 1 816 $78M

Nearby 401(k) Plans in Minnesota

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

Lakewood Health System 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -505101520 Total assets ($B) Participants Lakewood Health Syst…, Total assets ($B): 0.066875482 · Participants: 748Lakewood Health Syst…Unitedhealth Group 4…, Total assets ($B): 18.576379778 · Participants: 176886Unitedhealth Group 4…Medtronic Savings an…, Total assets ($B): 12.198295 · Participants: 38825Medtronic Savings an…Target Corporation 4…, Total assets ($B): 11.216824857 · Participants: 400422Target Corporation 4…3M Voluntary Investm…, Total assets ($B): 11.138527656 · Participants: 371593M Voluntary Investm…U.S. Bank 401(k) Sav…, Total assets ($B): 8.266408521 · Participants: 67646U.S. Bank 401(k) Sav…
Lakewood Health System 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Lakewood Health System 401(k) Plan by total assets, not by location.

Frequently Asked Questions

How did Lakewood Health System 401(k) Plan assets move in 2022?
Lakewood Health System 401(k) Plan pulled back noticeably - down 14.8% during 2022, from $79M to $67M. Reported net income was -$12M.
How have Lakewood Health System plan assets changed over time?
Across 3 plan years on file (2022-2024), Lakewood Health System's sponsor-wide assets grew 17.3%, from $67M to $78M.
Where does Lakewood Health System 401(k) Plan rank by assets among Form 5500 filers?
Lakewood Health System 401(k) Plan ranks in the 90th 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 Lakewood Health System 401(k) Plan?
Among 401(k) plans in other states, the closest by assets is Formica Corporation 401(k) Retirement Savings Plan in OH ($67M, 526 participants).

Scale reading

Ways to act on Lakewood Health System 401(k) Plan's numbers.