401(k) · DOL Form 5500 · 2024

Lakeland Financial Corporation 401(k) Plan

Data updated 2026-08-11

$123M
Total assets
649
Participants
92nd
Percentile by assets
$188,845
Avg per participant
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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.

  • 92nd percentile by assets (of 123,622 plans)
  • #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.

$123M
total plan assets (2024 EOY)
649
covered participants
92nd
percentile by assets (of 123,622 plans)
$188,845
avg assets per participant

Where Lakeland Financial Corporation 401(k) Plan sits 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 $2,010,000,000 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 2024

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 →

State
Indiana
Industry
Finance & Insurance

Lakeland Financial Corporation 401(k) Plan vs the 2024 asset distribution

By assets, Lakeland Financial Corporation 401(k) Plan outranks 92% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 1.2x the national average plan size of $100M (721 average participants).

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)

$116M$118M$120M$122M$124M 202220232024 $118M $123M ▲ +3.6%
Total plan assets by year, all Lakeland Financial Corporation plans on file
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 ($B) Participants Lakeland Financial C…, Total assets ($B): 0.12256015 · Participants: 649Lakeland Financial C…The Lilly Employee 4…, Total assets ($B): 13.056609955 · Participants: 19977The Lilly Employee 4…Elevance Health 401(…, Total assets ($B): 12.109864062 · Participants: 73120Elevance Health 401(…Cummins Retirement a…, Total assets ($B): 6.366370789 · Participants: 30272Cummins Retirement a…Iu Health 401(k) Sav…, Total assets ($B): 4.481656061 · Participants: 38460Iu Health 401(k) Sav…Steel Dynamics, Inc.…, Total assets ($B): 2.996436059 · Participants: 9385Steel Dynamics, Inc.…
Lakeland Financial Corporation 401(k) Plan vs. nearby 401(k) plans in Indiana, assets vs. participants
Compare Lakeland Financial Corporation 401(k) Pl… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Lakeland Financial Corporation 401(k) Plan by total assets, not by location.

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).

Next read for Lakeland Financial Corporation 401(k) Pl…

Scale reading

Ways to act on Lakeland Financial Corporation 401(k) Plan's numbers.

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.