401(k) · DOL Form 5500 · 2024

Lakes Gas Co. 401(k) Plan

Data updated 2026-08-25

$14M
Total assets Small plan by assets
277
Participants Below avg headcount
62nd
Percentile by assets National rank
$48,854
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

$14M in assets, 277 participants

Lakes Gas Co.'s Lakes Gas Co. 401(k) Profit Sharing Plan & Trust reported $14M in total assets and 277 participants in its 2024 DOL Form 5500 filing, ranking in the 62nd 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.

  • #221 in Utilities (732 peers)

Coverage in Minnesota

Lakes Gas Co. 401(k) Profit Sharing Plan & Trust covers 277 participants in Minnesota, about 25% of the average Minnesota filer (state average ~1,126 per filing). Assets: $14M.

#221
in Utilities (732 peers)
+5.5%
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 2024 · DOL Form 5500

$13,532,687 Top 38% higher than 62% 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

Lakes Gas Co. 401(k) Profit Sharing Plan & Trust 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. Lakes Gas Co. 401(k) Profit Sharing Plan & Trust sits mid-pack in the medium band (277 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Lakes Gas Co. 401(k) Profit Sharing Plan & Trust reported net income fell from $2M in the plan year 2023 filing to $710K in the plan year 2024 filing.
  • Lakes Gas Co. 401(k) Profit Sharing Plan & Trust reported participants rose from 226 in the plan year 2023 filing to 277 in the plan year 2024 filing.
  • Lakes Gas Co. 401(k) Profit Sharing Plan & Trust end-of-year assets rose from $13M in the plan year 2023 filing to $14M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 410827612 · Lakes Gas Co. PY 2024 · 401(k)

Lakes Gas Co. 401(k) Profit Sharing Plan & Trust · $14M · 277 · 62nd

  • BOOK $14M
  • VS-ST 277
  • BOY 62nd
  • SCH 401(k)
  • EBSA near Niksun, Inc. 401(k) Plan
  • PART ind #221

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 …$14MNiksun, Inc. 401(k) Plan$14MFiber Instrument Sales, Inc. 401(k) Profit Sharing PlanFiber Instrument Sales, Inc.…$14MProfessional Healthcare Management, Inc. 401(k) Retirement PlanProfessional Healthcare Mana…$14MSmith-Emery International, Inc. 401(k) PlanSmith-Emery International, I…$14M
End-of-year total assets ($M) among Lakes Gas Co. 401(k) Profit Sharing Plan & Trust and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Minnesota filing particulars

Total Assets (Beginning of Year)$13M
Net Assets (End of Year)$14M
Net Income$710K
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 -20020406080 Total assets ($B) Participants Lakes Gas Co. 401(k) Profit Sharing Plan & Trust, Total assets ($B): 0.013532687 · Participants: 277Lakes Gas Co. 401(k) Profit Sharing Plan & TrustWells Fargo & Company 401(k) Plan, Total assets ($B): 57.886997456 · Participants: 179076Wells Fargo & Company 401(k) PlanUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 26.618762181 · Participants: 205460Unitedhealth Group 401(k) Savings PlanTarget Corporation 401(k) Plan, Total assets ($B): 14.419645154 · Participants: 409649Target Corporation 401(k) PlanMedtronic Savings and Investment Plan, Total assets ($B): 13.719378 · Participants: 38480Medtronic Savings and Investment PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 11.442089862 · Participants: 73109U.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 Niksun, Inc. 401(k) Plan in NJ ($14M); by covered participants it is Orthowest, P.C. 401(k) Savings Plan in NE (277 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (277 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 Lakes Gas Co. 401(k) Profit Sharing Plan & Trust assets move in 2024? ▼
Lakes Gas Co. 401(k) Profit Sharing Plan & Trust grew at a solid clip - up 5.5% during 2024, from $13M to $14M. Reported net income was $710K.
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 Niksun, Inc. 401(k) Plan in NJ ($14M, 77 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 Orthowest, P.C. 401(k) Savings Plan in NE (277 participants, N/A 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 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.