Lakeland Holdings, Llc 401(k) Plan: Login, Facts & Contact Information

Lakeland Holdings, Llc 401(k) Plan Facts

Plan name
THE LAKELAND GROUP RETIREMENT SAVINGS PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
LAKELAND HOLDINGS, LLC
Participants
2,011 (1,361 active employees)
Former employees with a balance
663
Plan assets
$74,540,250 at Dec 31, 2022
Average account balance
$52,272 across 1,426 accounts
Employer contributions
$1,536,762 in plan year 2022 (24% of all contributions)
Recordkeeper
John Hancock Usa
Plan year
Jan 1, 2022 – Dec 31, 2022
Plan established
Feb 1, 2000
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 2022 (Jan 1, 2022 – Dec 31, 2022), filed Oct 16, 2023. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2022

  • $6.30 million went into the plan in contributions, $1.54 million of it from the employer (24%).
  • $7.83 million was paid out to participants.
  • Administrative expenses were $163,614, about $115 per account.

How the Lakeland Holdings, Llc 401(k) changed, 20172022

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20171,326$65.0 million$1.24 million$3.06 million
20181,413$63.4 million$1.29 million$4.57 million
20191,474$79.8 million$1.44 million$9.13 million
20201,731$80.9 million$448,473$17.6 million
20212,114$91.7 million$522,585$6.02 million
20222,011$74.5 million$1.54 million$7.83 million

Lakeland Holdings, Llc 401(k) Contact Information

Phone
434-982-8762
Mailing address
218 WEST WATER STREET SUITE 400, CHARLOTTESVILLE VA 22902
Plan sponsor
LAKELAND HOLDINGS, LLC
Employer identification number (EIN)
54-1902612
Plan number
001

Questions about the Lakeland Holdings, Llc 401(k)

Does Lakeland Holdings, Llc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2022 the employer contributed $1.54 million, 24% of all contributions.

Does the Lakeland Holdings, Llc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Lakeland Holdings, Llc 401(k) plan?

2,011 participants at the start of plan year 2022, 1,361 of them active employees, and 663 former employees who still had money in the plan.

What is the average 401(k) balance at Lakeland Holdings, Llc?

About $52,272 per account: $74.5 million in plan assets across 1,426 accounts with a balance at the end of plan year 2022.

Who manages the Lakeland Holdings, Llc 401(k) accounts?

John Hancock (listed on the filing as JOHN HANCOCK USA) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Lakeland Holdings, Llc. How do I access my 401(k)?

Your account stays with John Hancock 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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