Landec Corporation 401(k) Plan: Login, Facts & Contact Information

Landec Corporation 401(k) Plan Facts

Plan name
LIFECORE BIOMEDICAL 401K PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
LIFECORE BIOMEDICAL INC. · formerly Landec Corporation
Participants
904 (443 active employees)
Former employees with a balance
389
Plan assets
$81,710,757 at Dec 31, 2024
Average account balance
$99,164 across 824 accounts
Employer contributions
$1,586,648 in plan year 2024 (24% of all contributions)
Recordkeeper
Fidelity Investments Institutional
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 1990
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 Aug 27, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $6.53 million went into the plan in contributions, $1.59 million of it from the employer (24%).
  • $17.0 million was paid out to participants.
  • Investment and other income added $11.4 million.
  • Administrative expenses were $63,966, about $78 per account.

How the Landec Corporation 401(k) changed, 20192024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20191,052$72.8 million$2.24 million$6.07 million
20201,183$85.5 million$2.40 million$7.04 million
20211,458$93.9 million$2.28 million$13.0 million
20221,182$69.2 million$1.78 million$15.4 million
20231,019$80.8 million$1.59 million$8.03 million
2024904$81.7 million$1.59 million$17.0 million

Landec Corporation 401(k) Contact Information

Phone
952-368-6000
Mailing address
3515 LYMAN BLVD, CHASKA MN 55318
Plan sponsor
LIFECORE BIOMEDICAL INC.
Employer identification number (EIN)
94-3025618
Plan number
001

Questions about the Landec Corporation 401(k)

Does Landec Corporation contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $1.59 million, 24% of all contributions.

Does the Landec Corporation 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Landec Corporation 401(k) plan?

904 participants at the start of plan year 2024, 443 of them active employees, and 389 former employees who still had money in the plan.

What is the average 401(k) balance at Landec Corporation?

About $99,164 per account: $81.7 million in plan assets across 824 accounts with a balance at the end of plan year 2024.

Who manages the Landec Corporation 401(k) accounts?

Fidelity NetBenefits (listed on the filing as FIDELITY INVESTMENTS INSTITUTIONAL) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Landec Corporation. How do I access my 401(k)?

Your account stays with Fidelity NetBenefits 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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