Lund Food Holdings, Inc. 401(k) Review & Grade
Lund Food Holdings, Inc. 401(k) Profit Sharing Plan
Edina, MNRetail Trade694 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,486Employer $ per active participant
$3,725Employee $ saved per active participant
0.18%Direct admin cost, % of plan assets
$79.5MNet plan assets, end of year
$135,141Average balance per account
Score breakdown
- Employer generosity37.6 / 5075th percentile for employer $ per participant
- Low cost14.2 / 2557th percentile for low admin cost vs. same-size plans
- Employee saving9.3 / 1562th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score54 / 100 · Grade C
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 75th |
| Lower admin cost | 57th |
| Employee saving | 62th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- Lund Food Holdings put in about $1,486 per active participant, more than the typical peer ($743). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $1,030,352 |
| Participant (employee) contributions | $2,583,620 |
| Other contributions (incl. rollovers in) | $113,982 |
| Administrative expenses paid from the plan | $140,513 |
| Investment advisory & management fees | $52,208 |
| Benefits paid out | $9,137,285 |
| Net assets, start / end of year | $73.6M / $79.5M |
| Active participants, start / end of year | 761 / 626 |
| Participants with account balances | 588 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | RSM US LLP |
Largest service providers (Schedule C)
| Empower Annuity Ins Co of America | $88,305 reported compensation |
| Empower Advisory Group, LLC | $34,037 reported compensation |
| Cota Street Investment Management | $18,171 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010125542NAL0018011490001, received 2025-10-10, EIN 41-1865892, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.