Albert Lea, MN Form 5500 retirement and benefit plan filings

City Form 5500 summary

According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Albert Lea, MN has 12 loaded benefit plan(s) reported by 8 plan sponsor(s), with $160,721,483 in total reported end-of-year plan assets across loaded filings. The latest loaded Form 5500 filing year is 2023.

Loaded plans
12
Plan sponsors
8
Latest filing year
2023

Reported financial aggregate (2023)

Reported net position

Total reported assets (EOY)
$160,721,483
Total reported liabilities (EOY)
$3,408,689
Total reported net assets (EOY)
$157,312,794

Contributions & income

Employer contributions
$1,874,075
Participant contributions
$3,673,643
Total income / additions
$28,497,084

Expenses & distributions

Benefits paid / distributions
$15,634,927
Total expenses
$15,972,506
Net increase / (decrease)
$12,524,578

Coverage

Total reported participants
2,389
Plans with financial statements
9
Plans with provider compensation
5

Totals sum the latest loaded 2023 public Form 5500 filing per plan for Albert Lea, MN plans — one filing per plan, so multiple years are never double-counted. Figures are reported values from loaded Schedule H / I (and Schedule C for provider compensation); fields a plan did not report are treated as missing, not zero. These are not audited or official totals.

Largest loaded plans by reported assets

Largest loaded plans in Albert Lea, MN
PlanSponsorReported assets (EOY)Year
Innovance, Inc. Employee Stock Ownership Plan And TrustInnovance, Inc.$54,820,2652023
Innovance, Inc. 401(K) PlanInnovance, Inc.$30,852,7542023
Mrs. Gerry'S Kitchen, LLC 401(K) Profit Sharing Retirement PlanMrs. Gerry'S Kitchen, LLC$23,774,9062023
Lake Bank Shares, Inc. Employee Stock Ownership PlanLake Bank Shares, Inc.$17,353,6832023
Dave Syverson Ford, Lincoln, Mercury, Inc. 401(K) Salary Savings And Retirement PlanDave Syverson Ford, Lincoln, Mercury, Inc.$11,329,5212023
Crossroads Trailer Sales & Service, Inc. 401(K) Employee Savings &Crossroads Trailer Sales & Service, Inc.$10,440,6592023
Sar Manufacturing, Inc. Retirement PlanSar Manufacturing, Inc.$9,459,6692023
Minnesota Freezer Warehouse 401(K) PlanMinnesota Freezer Warehouse Company$1,631,1052023
Peterson Manufacturing Companies Inc. Retirement PlanPeterson Manufacturing Companies Inc.$1,058,9212023
Crossroads Trailer Sales & Service, Inc Health & Welfare PlanCrossroads Trailer Sales & Servicenot reported in the loaded dataset2023
Mrs. Gerry'S Kitchen, Inc. Employee Benefit(S) PlanMrs. Gerry'S Kitchen, Inc.not reported in the loaded dataset2023
Innovance, Inc. Employee Benefit PlanInnovance, Inc.not reported in the loaded dataset2023

Related Form 5500 pages