Lake Air Products Llc 401(k) Plan: Login, Facts & Contact Information

Lake Air Products Llc 401(k) Plan Facts

Plan name
LAKE AIR PRODUCTS LLC 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
LAKE AIR PRODUCTS, LLC
Participants
433 (264 active employees)
Former employees with a balance
89
Plan assets
$10,671,227 at Dec 31, 2024
Average account balance
$34,093 across 313 accounts
Employer contributions
$86,062 in plan year 2024 (7% of all contributions)
Recordkeeper
Principal Life Insurance Company
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 1994
✓ Employer contributions✓ Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Oct 15, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $1.33 million went into the plan in contributions, $86,062 of it from the employer (7%).
  • $2.04 million was paid out to participants.
  • Investment and other income added $967,608.
  • Administrative expenses were $166,667, about $532 per account.

How the Lake Air Products Llc 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019224$8.35 million$220,660$1.21 million
2020334$9.95 million$237,467$418,405
2021385$11.4 million$323,182$944,451
2022442$10.1 million$316,164$984,782
2023445$10.6 million$302,279$2.11 million
2024433$10.7 million$86,062$2.04 million

Lake Air Products Llc 401(k) Contact Information

Phone
763-398-4268
Mailing address
385 90TH NW, COON RAPIDS MN 554335827
Plan sponsor
LAKE AIR PRODUCTS, LLC
Employer identification number (EIN)
81-5191167
Plan number
001

Questions about the Lake Air Products Llc 401(k)

Does Lake Air Products Llc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $86,062, 7% of all contributions.

Does the Lake Air Products Llc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Lake Air Products Llc 401(k) plan?

433 participants at the start of plan year 2024, 264 of them active employees, and 89 former employees who still had money in the plan.

What is the average 401(k) balance at Lake Air Products Llc?

About $34,093 per account: $10.7 million in plan assets across 313 accounts with a balance at the end of plan year 2024.

Who manages the Lake Air Products Llc 401(k) accounts?

Principal (listed on the filing as PRINCIPAL LIFE INSURANCE COMPANY) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Lake Air Products Llc. How do I access my 401(k)?

Your account stays with Principal after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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