ESOP · DOL Form 5500 · 2023

Lake Foods, Inc. ESOP

Data updated 2026-08-25

$7M
Total assets Small plan by assets
377
Participants Below avg headcount
51st
Percentile by assets National rank
$18,568
Avg per participant Low balance/head
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Official DOL plan name: Lake Foods, Inc. Employee Stock Ownership Plan · Sponsored by Lake Foods, Inc. · Georgia · Manufacturing

$7M in assets, 377 participants

Lake Foods, Inc.'s Lake Foods, Inc. Employee Stock Ownership Plan reported $7M in total assets and 377 participants in its 2023 DOL Form 5500 filing, ranking in the 51st 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.

  • #6,598 in Manufacturing (18,722 peers)

Coverage in Georgia

Lake Foods, Inc. Employee Stock Ownership Plan covers 377 participants in Georgia, about 34% of the average Georgia filer (state average ~1,096 per filing). Assets: $7M.

#6,598
in Manufacturing (18,722 peers)
-35.8%
assets change YoY

Lake Foods, Inc. Employee Stock Ownership Plan's mid-pack asset rank among Manufacturing and all filers

Lake Foods, Inc. Employee Stock Ownership Plan vs every filed plan by assets

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

$7,000,000 Top 49% higher than 51% 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

Lake Foods, Inc. Employee Stock Ownership 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. Lake Foods, Inc. Employee Stock Ownership Plan sits mid-pack in the medium band (377 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Lake Foods, Inc. Employee Stock Ownership Plan reported net income rose from -$44M in the plan year 2022 filing to $1M in the plan year 2023 filing.
  • Lake Foods, Inc. Employee Stock Ownership Plan end-of-year assets fell from $11M in the plan year 2022 filing to $7M in the plan year 2023 filing.
  • Lake Foods, Inc. Employee Stock Ownership Plan reported participants fell from 445 in the plan year 2022 filing to 377 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 471275129 · Lake Foods, Inc. PY 2023 · ESOP

Lake Foods, Inc. Employee Stock Ownership Plan · $7M · 377 · 51st

  • PCT $7M
  • PCT 377
  • PCT 51st
  • PCT ESOP
  • PCT near First Federal Bank of Wisconsin Employee Stock Ownership Plan
  • PCT ind #6598

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 What is an ESOP? → · Plans in Georgia →

Lake Foods, Inc. Employee Stock Ownership Plan in the asset neighbourhood

E80 Holdings, Inc. Employee Stock Ownership PlanE80 Holdings, Inc. Employee …$7MLake Foods, Inc. Employee Stock Ownership PlanLake Foods, Inc. Employee St…$7MFirst Federal Bank of Wisconsin Employee Stock Ownership PlanFirst Federal Bank of Wiscon…$7MBrookline Bancorp, Inc Employee Stock Ownership PlanBrookline Bancorp, Inc Emplo…$7MThe Helsing Group Employee Stock Ownership PlanThe Helsing Group Employee S…$7M
End-of-year total assets ($M) among Lake Foods, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Georgia filing particulars

Total Assets (Beginning of Year)$11M
Net Assets (End of Year)-$43M
Net Income$1M
Employer EIN471275129
Plan Effective Date2022-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Lake Foods, Inc.)

Sponsor-wide plan assets over time

All Lake Foods, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$2M 83.18747171519708% vs 2022
2024 filing year
$0M$5M$10M$15M 202220232024 $12.1M $2.03M ▼ -83.2%
Year Plans Participants Total Assets
2022 2 975 $12M
2023 1 377 $7M
2024 1 N/A $2M

Nearby ESOP Plans in Georgia

Peer ESOP plans, same state, same plan type, ranked by total assets.

Lake Foods, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Georgia, assets vs. participants Scatter plot of 6 data points. 0500100015002000 -2000200400600800 Total assets ($M) Participants Lake Foods, Inc. Employee Stock Ownership Plan, Total assets ($M): 7 · Participants: 377Lake Foods, Inc. Employee Stock Ownership PlanWarehouse Home Furnishings Distributors, Inc. Employee Stock Ownership Plan, Total assets ($M): 664.601691 · Participants: 1772Warehouse Home Furnishings Distributors, Inc. Employee Stock Ownership PlanChoate Construction Company Employee Stock Ownership Plan, Total assets ($M): 407.968435 · Participants: 454Choate Construction Company Employee Stock Ownership PlanBrent Scarbrough & Company Employee Stock Ownership Plan, Total assets ($M): 366.989824 · Participants: 439Brent Scarbrough & Company Employee Stock Ownership PlanAubrey Silvey Enterprises, Inc. Employee Stock Ownership Plan, Total assets ($M): 222.074562 · Participants: 424Aubrey Silvey Enterprises, Inc. Employee Stock Ownership PlanDixie Plywood and Lumber Company Employee Stock Ownership Plan, Total assets ($M): 208.200343 · Participants: 327Dixie Plywood and Lumber Company Employee Stock Ownership Plan
Lake Foods, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Georgia, assets vs. participants
Compare Lake Foods, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

Lake Foods, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Georgia, the nearest ESOP by assets is First Federal Bank of Wisconsin Employee Stock Ownership Plan in WI ($7M); by covered participants it is Nlogic, Inc. Employee Stock Ownership Plan in AL (377 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (377 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 Lake Foods, Inc. Employee Stock Ownership Plan assets move in 2023? ▼
Lake Foods, Inc. Employee Stock Ownership Plan contracted severely - down 35.8% during 2023, from $11M to $7M. Reported net income was $1M.
How have Lake Foods, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Lake Foods, Inc.'s sponsor-wide assets declined 83.2%, from $12M to $2M.
Which ESOP plans are similar in size to Lake Foods, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is First Federal Bank of Wisconsin Employee Stock Ownership Plan in WI ($7M, 42 participants).
Which ESOP plans cover a similar participant headcount to Lake Foods, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Nlogic, Inc. Employee Stock Ownership Plan in AL (377 participants, $21M 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 471275129.

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.