Lake Region Medical Group 401(k) match, vesting and fees
What Lake Region Medical Group's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Stancorp Financial Group | Schedule C ↗ |
| Independent auditor | Clifronlarsonallen LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 7,678 defined-contribution plans in health care and social assistance with 100 to 499 participants.
| Lake Region Medical Group: employer contribution per participant | $12,629 | |
| Peer median | $1,468 |
| Lake Region Medical Group: average balance | $354,471 | |
| Peer median | $37,786 |
| Lake Region Medical Group: admin expenses ÷ assets | 0.01% | |
| Peer median | 0.39% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $33.6M at the end of plan year 2021 to $43.2M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 122 | $43.2M | $1.5M | $12,629 | 0.01% | Not published | Form 5500 ↗ |
| 2023 | 124 | $41.7M | $1.3M | $11,141 | <0.01% | Not published | 5500-SF ↗ |
| 2022 | 117 | $35.3M | $1.2M | $11,475 | <0.01% | Not published | 5500-SF ↗ |
| 2021 | 106 | $33.6M | $1.3M | $12,438 | — | Not published | 5500-SF ↗ |
Other Lake Region Medical Group plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Lake Region Medical Group, P. A. Cash Balance Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Common questions
Does Lake Region Medical Group match 401(k) contributions?
The match terms for the Lake Region Medical Group, P. A. 401(k) & Profit Sharing Plan have not been published from its filing yet. The plan year 2024 filing reports $1.5M in employer contributions, about $12,629 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Lake Region Medical Group 401(k) match vested?
The vesting schedule for the Lake Region Medical Group, P. A. 401(k) & Profit Sharing Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Lake Region Medical Group 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Stancorp Financial Group. The plan administrator is Lake Region Medical Group, P.A..
I left Lake Region Medical Group. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Lake Region Medical Group, P.A., (218) 736-8355) or the recordkeeper, Stancorp Financial Group. The Lake Region Medical Group old 401(k) page lists the contacts from every plan filing. Find an old Lake Region Medical Group 401(k)
Data from the public Form 5500 annual reports Lake Region Medical Group filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Lake Region Medical Group. Not financial advice. Report a correction · Methodology