2020 Best in Class 401(k) Plans | Winner
Land O'Lakes, Inc.
| Plan name | Land O’Lakes, Inc. |
| Location | St Paul, Minnesota |
| Asset size | $1.6b |
| # of participants | 11,228 |
| Business Category | Food/Agriculture |
| Participation Rate | 94.0% |
| Avg Deferral Rate | 7.7% |
| # of Funds Offered | 13 |
| Investment Review | Quarterly |
| True-up Feature | Yes |
| Match Vesting Period | 4 years |
| Eligibility | Immediate |
| Default Deferral Rate | 6% |
| Default Investment | Retail TDF (Active) |
| Auto-Escalation | Yes |
| Systematic Withdrawals | Yes |
| Fee Equalization | No |
| Match Rate | 100% of first 3%; 50% of next 2% of salary |
| % Receiving Full Match | >90% |
| Max Employer Contribution | 9% |
| Financial Education | |
| Saving/Budgeting | Yes |
| Investing strategies | Yes |
| Tax/Estate planning | Yes |
| College saving | |
| Credit/Debt mgmt | Yes |
| Retiree health costs/savings options | |
| Recordkeeper: | Alight Solutions |
Get the latest news daily