Lund Food Holdings, Inc. 401(k) Review & Grade
Lund Food Holdings, Inc. 401(k) Plan
Edina, MNRetail Trade2,591 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,534Employer $ per active participant
$831Employee $ saved per active participant
0.20%Direct admin cost, % of plan assets
$66.2MNet plan assets, end of year
$38,450Average balance per account
Score breakdown
- Employer generosity39.6 / 5079th percentile for employer $ per participant
- Low cost8.8 / 2535th percentile for low admin cost vs. same-size plans
- Employee saving2.0 / 1513th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score43 / 100 · Grade D
This plan vs. peers
Peers: Retail Trade plans with 2,500–9,999 active participants (183 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 79th |
| Lower admin cost | 35th |
| Employee saving | 13th |
| Peers that auto-enroll | 42% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
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 $1,534 per active participant, more than the typical peer ($650). 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.
- Direct plan expenses (0.20% of assets) are well above similar-size plans (0.12%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $3,973,477 |
| Participant (employee) contributions | $2,151,869 |
| Other contributions (incl. rollovers in) | $142,833 |
| Administrative expenses paid from the plan | $121,382 |
| Investment advisory & management fees | $47,601 |
| Benefits paid out | $5,306,657 |
| Net assets, start / end of year | $57.2M / $66.2M |
| Active participants, start / end of year | 2,768 / 2,414 |
| Participants with account balances | 1,723 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | RSM US LLP |
Largest service providers (Schedule C)
| Empower Annuity Ins Co of America | $73,781 reported compensation |
| Empower Advisory Group, LLC | $29,185 reported compensation |
| Cota Street Investment Management | $18,416 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010125947NAL0007748881001, received 2025-10-10, EIN 41-1865892, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.