Lakewood Health System 401(k) Plan: Login, Facts & Contact Information

Lakewood Health System 401(k) Plan Facts

Plan name
LAKEWOOD HEALTH SYSTEM 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
LAKEWOOD HEALTH SYSTEM
Participants
1,056 (851 active employees)
Former employees with a balance
163
Plan assets
$78,422,119 at Dec 31, 2024
Average account balance
$75,624 across 1,037 accounts
Employer contributions
$1,448,521 in plan year 2024 (27% of all contributions)
Recordkeeper
Wipfli Llp
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Aug 1, 1997
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

  • $5.42 million went into the plan in contributions, $1.45 million of it from the employer (27%).
  • $9.29 million was paid out to participants.
  • Investment and other income added $8.83 million.
  • Administrative expenses were $185,717, about $179 per account.

How the Lakewood Health System 401(k) changed, 20192024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019930$62.8 million$1.03 million$4.26 million
2020951$69.7 million$1.09 million$4.79 million
2021992$78.5 million$1.86 million$6.79 million
2022960$66.9 million$2.02 million$5.52 million
2023980$74.0 million$1.93 million$8.87 million
20241,056$78.4 million$1.45 million$9.29 million

Lakewood Health System 401(k) Contact Information

Phone
218-894-8524
Mailing address
49725 COUNTY 83, STAPLES MN 56479
Plan sponsor
LAKEWOOD HEALTH SYSTEM
Employer identification number (EIN)
41-1842965
Plan number
002

Questions about the Lakewood Health System 401(k)

Does Lakewood Health System contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $1.45 million, 27% of all contributions.

Does the Lakewood Health System 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Lakewood Health System 401(k) plan?

1,056 participants at the start of plan year 2024, 851 of them active employees, and 163 former employees who still had money in the plan.

What is the average 401(k) balance at Lakewood Health System?

About $75,624 per account: $78.4 million in plan assets across 1,037 accounts with a balance at the end of plan year 2024.

Who manages the Lakewood Health System 401(k) accounts?

WIPFLI LLP is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Lakewood Health System. How do I access my 401(k)?

Your account stays with WIPFLI LLP 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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