401(k) · DOL Form 5500 · 2024

Lakeland Financial Corporation 401(k) Plan

Data updated 2026-08-25

$123M
Total assets Near avg plan size
649
Participants Below avg headcount
92nd
Percentile by assets National rank
$188,845
Avg per participant Above avg balance/head
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Official DOL plan name: Lakeland Financial Corporation 401(k) Plan · Sponsored by Lakeland Financial Corporation · Indiana · Finance & Insurance

$123M in assets, 649 participants

Lakeland Financial Corporation's Lakeland Financial Corporation 401(k) Plan reported $123M in total assets and 649 participants in its 2024 DOL Form 5500 filing, ranking in the 92nd 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.

  • #7,456 in Finance & Insurance (8,549 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, $123M for 649 participants (~$188,845/participant), up 2.9% in 2024.

#7,456
in Finance & Insurance (8,549 peers)
+2.9%
assets growth YoY
1.2×
vs typical plan assets (national mean)

Lakeland Financial Corporation 401(k) Plan's outsized position by total assets

Lakeland Financial Corporation 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$122,560,150 Top 8% higher than 92% of 123,620 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 2024

Lakeland Financial Corporation 401(k) Plan among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Lakeland Financial Corporation 401(k) Plan sits mid-pack in the medium band (649 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Lakeland Financial Corporation 401(k) Plan reported net income rose from $3M in the plan year 2023 filing to $3M in the plan year 2024 filing.
  • Lakeland Financial Corporation 401(k) Plan end-of-year assets rose from $119M in the plan year 2023 filing to $123M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 351559596 · Lakeland Financial Corporation PY 2024 · 401(k)

Lakeland Financial Corporation 401(k) Plan · $123M · 649 · 92nd

  • EOY $123M
  • EOY 649
  • EOY 92nd
  • EOY 401(k)
  • EOY near Zippo and Affiliates 401(k) Plan
  • EOY ind #7456

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 Finance & Insurance retirement plans → · Plans in Indiana →

Lakeland Financial Corporation 401(k) Plan in the asset neighbourhood

Ampacet Corporation 401(k) Profit Sharing PlanAmpacet Corporation 401(k) P…$123MThe Gorman-Rupp Company 401(k) PlanThe Gorman-Rupp Company 401(…$123MLakeland Financial Corporation 401(k) PlanLakeland Financial Corporati…$123MZippo and Affiliates 401(k) PlanZippo and Affiliates 401(k) …$123MSave a Lot 401(k) Plan$122M
End-of-year total assets ($M) among Lakeland Financial Corporation 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$119M
Net Assets (End of Year)$123M
Net Income$3M
Employer EIN351559596
Plan Effective Date1984-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Lakeland Financial Corporation)

Sponsor-wide plan assets over time

All Lakeland Financial Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$123M 3.630501974088466% vs 2022
2024 filing year
$116M$118M$120M$122M$124M 202220232024 $118M $123M ▲ +3.6%
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 -5051015 Total assets ($B) Participants Lakeland Financial Corporation 401(k) Plan, Total assets ($B): 0.12256015 · Participants: 649Lakeland Financial Corporation 401(k) PlanThe Lilly Employee 401(k) Plan, Total assets ($B): 13.056609955 · Participants: 19977The Lilly Employee 401(k) PlanElevance Health 401(k) Plan, Total assets ($B): 12.109864062 · Participants: 73120Elevance Health 401(k) PlanCummins Retirement and Savings Plan, Total assets ($B): 6.366370789 · Participants: 30272Cummins Retirement and Savings PlanIu Health 401(k) Savings Plan, Total assets ($B): 4.481656061 · Participants: 38460Iu Health 401(k) Savings PlanSteel Dynamics, Inc. Profit Sharing and Retirement Savings Plan, Total assets ($B): 2.996436059 · Participants: 9385Steel Dynamics, Inc. Profit Sharing and Retirement Savings Plan
Lakeland Financial Corporation 401(k) Plan vs. nearby 401(k) plans in Indiana, assets vs. participants
Compare Lakeland Financial Corporation 401(k) Plan side-by-side with 3 peers →

Lakeland Financial Corporation 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Indiana, the nearest 401(k) by assets is Zippo and Affiliates 401(k) Plan in PA ($123M); by covered participants it is Savings Plan of Danny Herman Trucking Employees in TN (649 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($123M here).

Similar participant headcount

Nearest other-state filings by covered participants (649 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Lakeland Financial Corporation 401(k) Plan assets move in 2024? ▼
Lakeland Financial Corporation 401(k) Plan edged up modestly - up 2.9% during 2024, from $119M to $123M. Reported net income was $3M.
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 92nd percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (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 Zippo and Affiliates 401(k) Plan in PA ($123M, 925 participants).
Which 401(k) plans cover a similar participant headcount to Lakeland Financial Corporation 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Savings Plan of Danny Herman Trucking Employees in TN (649 participants, $19M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

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.