401(k) · DOL Form 5500 · 2023

Lakeland Management Services, Inc. 401(k) Plan

Data updated 2026-08-25

$32M
Total assets Below avg plan size
223
Participants Below avg headcount
80th
Percentile by assets National rank
$143,470
Avg per participant Near avg balance/head
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Official DOL plan name: The Lakeland Companies Employees' Profit Sharing Plan · Sponsored by Lakeland Management Services, Inc. · Minnesota · Administrative & Support Services

$32M in assets, 223 participants

Lakeland Management Services, Inc.'s The Lakeland Companies Employees' Profit Sharing Plan reported $32M in total assets and 223 participants in its 2023 DOL Form 5500 filing, ranking in the 80th 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.

  • #3,928 in Administrative & Support Services (4,372 peers)

Coverage in Minnesota

The Lakeland Companies Employees' Profit Sharing Plan covers 223 participants in Minnesota, about 20% of the average Minnesota filer (state average ~1,126 per filing). Assets: $32M.

#3,928
in Administrative & Support Services (4,372 peers)
+7.2%
assets growth YoY
0.3×
vs typical plan assets (national mean)

The Lakeland Companies Employees' Profit Sharing Plan's outsized position by total assets

The Lakeland Companies Employees' Profit Sharing Plan vs every filed plan by assets

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

$31,993,784 Top 20% higher than 80% 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

The Lakeland Companies Employees' Profit Sharing Plan 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. The Lakeland Companies Employees' Profit Sharing Plan sits mid-pack in the medium band (223 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • The Lakeland Companies Employees' Profit Sharing Plan reported net income rose from -$8M in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • The Lakeland Companies Employees' Profit Sharing Plan reported participants rose from 196 in the plan year 2022 filing to 223 in the plan year 2023 filing.
  • The Lakeland Companies Employees' Profit Sharing Plan end-of-year assets rose from $30M in the plan year 2022 filing to $32M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 410716524 · Lakeland Management Services, Inc. PY 2023 · 401(k)

The Lakeland Companies Employees' Profit Sharing Plan · $32M · 223 · 80th

  • PHOTO $32M
  • IND 223
  • EOY 80th
  • 5500 401(k)
  • ASSETS near Giant Cement Holding, Inc. 401(k) Plan
  • PCT ind #3928

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 Administrative & Support Services retirement plans → · Plans in Minnesota →

The Lakeland Companies Employees' Profit Sharing Plan in the asset neighbourhood

Procentrix Retirement Trust$32MPolyglass USA, Inc. 401(k) PlanPolyglass USA, Inc. 401(k) P…$32MThe Lakeland Companies Employees' Profit Sharing PlanThe Lakeland Companies Emplo…$32MGiant Cement Holding, Inc. 401(k) PlanGiant Cement Holding, Inc. 4…$32MBankers' Bank 401(k) Plan$32M
End-of-year total assets ($M) among The Lakeland Companies Employees' Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Minnesota filing particulars

Total Assets (Beginning of Year)$30M
Net Assets (End of Year)$32M
Net Income$2M
Employer EIN410716524
Plan Effective Date1962-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Lakeland Management Services, Inc.)

Sponsor-wide plan assets over time

All Lakeland Management Services, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$32M 7.192395634210599% vs 2022
2023 filing year
$29M$30M$31M$32M$33M 20222023 $29.9M $32M ▲ +7.2%
Year Plans Participants Total Assets
2022 1 196 $30M
2023 1 223 $32M

Nearby 401(k) Plans in Minnesota

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

The Lakeland Companies Employees' Profit Sharing Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -50510152025 Total assets ($B) Participants The Lakeland Companies Employees' Profit Sharing Plan, Total assets ($B): 0.031993784 · Participants: 223The Lakeland Companies Employees' Profit Sharing PlanUnitedhealth 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
The Lakeland Companies Employees' Profit Sharing Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare The Lakeland Companies Employees' Profit Sharing Plan side-by-side with 3 peers →

The Lakeland Companies Employees' Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Giant Cement Holding, Inc. 401(k) Plan in SC ($32M); by covered participants it is Pizza Wholesale of Lexington, Inc. 401(k)Retirement Savings Plan in KY (223 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($32M here).

Similar participant headcount

Nearest other-state filings by covered participants (223 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 The Lakeland Companies Employees' Profit Sharing Plan assets move in 2023? ▼
The Lakeland Companies Employees' Profit Sharing Plan grew at a solid clip - up 7.2% during 2023, from $30M to $32M. Reported net income was $2M.
How have Lakeland Management Services, Inc. plan assets changed over time? ▼
Across 2 plan years on file (2022-2023), Lakeland Management Services, Inc.'s sponsor-wide assets grew 7.2%, from $30M to $32M.
Where does The Lakeland Companies Employees' Profit Sharing Plan rank by assets among Form 5500 filers? ▼
The Lakeland Companies Employees' Profit Sharing Plan ranks in the 80th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to The Lakeland Companies Employees' Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Giant Cement Holding, Inc. 401(k) Plan in SC ($32M, 302 participants).
Which 401(k) plans cover a similar participant headcount to The Lakeland Companies Employees' Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Pizza Wholesale of Lexington, Inc. 401(k)Retirement Savings Plan in KY (223 participants, $13M 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 410716524.

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.