401(k) · DOL Form 5500 · 2023

Lakes Gas Co. 401(k) Plan

Data updated 2026-08-25

$13M
Total assets Small plan by assets
226
Participants Below avg headcount
64th
Percentile by assets National rank
$56,736
Avg per participant Low balance/head
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Official DOL plan name: Lakes Gas Co. 401(k) Profit Sharing Plan & Trust · Sponsored by Lakes Gas Co. · Minnesota · Utilities

$13M in assets, 226 participants

Lakes Gas Co.'s Lakes Gas Co. 401(k) Profit Sharing Plan & Trust reported $13M in total assets and 226 participants in its 2023 DOL Form 5500 filing, ranking in the 64th 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.

  • #204 in Utilities (721 peers)

Coverage in Minnesota

Lakes Gas Co. 401(k) Profit Sharing Plan & Trust covers 226 participants in Minnesota, about 20% of the average Minnesota filer (state average ~1,126 per filing). Assets: $13M.

#204
in Utilities (721 peers)
+23.2%
assets growth YoY

Lakes Gas Co. 401(k) Profit Sharing Plan & Trust's mid-pack asset rank among Utilities and all filers

Lakes Gas Co. 401(k) Profit Sharing Plan & Trust vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$12,822,357 Top 36% higher than 64% of 127,068 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 2023

Lakes Gas Co. 401(k) Profit Sharing Plan & Trust among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Lakes Gas Co. 401(k) Profit Sharing Plan & Trust sits mid-pack in the medium band (226 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Lakes Gas Co. 401(k) Profit Sharing Plan & Trust reported net income rose from -$2M in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Lakes Gas Co. 401(k) Profit Sharing Plan & Trust end-of-year assets rose from $10M in the plan year 2022 filing to $13M in the plan year 2023 filing.
  • Lakes Gas Co. 401(k) Profit Sharing Plan & Trust reported participants rose from 219 in the plan year 2022 filing to 226 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 410827612 · Lakes Gas Co. PY 2023 · 401(k)

Lakes Gas Co. 401(k) Profit Sharing Plan & Trust · $13M · 226 · 64th

  • VS-ST $13M
  • VS-ST 226
  • VS-ST 64th
  • VS-ST 401(k)
  • VS-ST near Citrus Motors 401(k) Plan & Trust
  • VS-ST ind #204

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 Utilities retirement plans → · Plans in Minnesota →

Lakes Gas Co. 401(k) Profit Sharing Plan & Trust in the asset neighbourhood

Lakes Gas Co. 401(k) Profit Sharing Plan & TrustLakes Gas Co. 401(k) Profit …$13MCitrus Motors 401(k) Plan & TrustCitrus Motors 401(k) Plan & …$13MMossberg & Company, Inc. Employees' Profit Sharing Plan and TrustMossberg & Company, Inc. Emp…$13MBob Bell Automotive Group 401(k) Plan and TrustBob Bell Automotive Group 40…$13MBluesnap, Inc. 401(k) Profit Sharing Plan and TrustBluesnap, Inc. 401(k) Profit…$13M
End-of-year total assets ($M) among Lakes Gas Co. 401(k) Profit Sharing Plan & Trust and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Minnesota filing particulars

Total Assets (Beginning of Year)$10M
Net Assets (End of Year)$13M
Net Income$2M
Employer EIN410827612
Plan Effective Date1996-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Lakes Gas Co.)

Sponsor-wide plan assets over time

All Lakes Gas Co. plans reported in each filing year

Latest sponsor-wide plan assets
$14M 30.04615097061185% vs 2022
2024 filing year
$10M$11M$12M$13M$14M 202220232024 $10.4M $13.5M ▲ +30.0%
Year Plans Participants Total Assets
2022 1 219 $10M
2023 1 226 $13M
2024 1 277 $14M

Nearby 401(k) Plans in Minnesota

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

Lakes Gas Co. 401(k) Profit Sharing Plan & Trust vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -50510152025 Total assets ($B) Participants Lakes Gas Co. 401(k) Profit Sharing Plan & Trust, Total assets ($B): 0.012822357 · Participants: 226Lakes Gas Co. 401(k) Profit Sharing Plan & TrustUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 22.432100178 · Participants: 198972Unitedhealth Group 401(k) Savings PlanTarget Corporation 401(k) Plan, Total assets ($B): 13.008265857 · Participants: 432617Target Corporation 401(k) PlanMedtronic Savings and Investment Plan, Total assets ($B): 12.931979 · Participants: 44342Medtronic Savings and Investment Plan3M Voluntary Investment Plan and Employee Stock Ownership Plan, Total assets ($B): 12.04661588 · Participants: 360493M Voluntary Investment Plan and Employee Stock Ownership PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 10.271161911 · Participants: 75272U.S. Bank 401(k) Savings Plan
Lakes Gas Co. 401(k) Profit Sharing Plan & Trust vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Lakes Gas Co. 401(k) Profit Sharing Plan & Trust side-by-side with 3 peers →

Lakes Gas Co. 401(k) Profit Sharing Plan & Trust's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Citrus Motors 401(k) Plan & Trust in CA ($13M); by covered participants it is Cogent, Inc. Profit Sharing 401(k) Plan in MO (226 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (226 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Lakes Gas Co. 401(k) Profit Sharing Plan & Trust assets move in 2023? ▼
Lakes Gas Co. 401(k) Profit Sharing Plan & Trust grew sharply - up 23.2% during 2023, from $10M to $13M. Reported net income was $2M.
How have Lakes Gas Co. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Lakes Gas Co.'s sponsor-wide assets grew 30.0%, from $10M to $14M.
Which 401(k) plans are similar in size to Lakes Gas Co. 401(k) Profit Sharing Plan & Trust? ▼
Among 401(k) plans in other states, the closest by assets is Citrus Motors 401(k) Plan & Trust in CA ($13M, 108 participants).
Which 401(k) plans cover a similar participant headcount to Lakes Gas Co. 401(k) Profit Sharing Plan & Trust? ▼
Among 401(k) plans in other states, the closest by covered participants is Cogent, Inc. Profit Sharing 401(k) Plan in MO (226 participants, $29M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 410827612.

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.