LAKELAND FINANCIAL CORP 401(k): Fidelity, match 6.36% max
Lakeland Financial Corporation 401(k) Plan · LKFN · CIK 721994
Fidelity Investments is the recordkeeper named on the Form 5500 filed for this plan, the company that keeps the account records. Where to log in, and what the filing says.
Matched to this employer by sponsor name, not by an identifier stated in the filing.
Maximum employer match, as a share of pay
6.36%
LAKELAND FINANCIAL CORP matches 106% of the first 6% of pay.
From the Form 11-K filed June 16, 2026 ↗, covering the plan year ended December 31, 2025. Page data last updated July 28, 2026, when the Form 5500 bulk data was last refreshed. Why filings lag
On this page: what the employer actually paid in · the formula, word for word · when the money becomes yours · who can join · who holds your account · what the plan reports to the DOL · how it compares · what to do next
What LAKELAND FINANCIAL puts in, and what the plan costs
What LAKELAND FINANCIAL put into the plan, per active participant
$3,609
LAKELAND FINANCIAL CORP put $3,609 into this plan for each of its 684 active participants in plan year 2024. This is the whole employer side of the plan: matching money, profit sharing, non-elective and safe-harbor contributions, and reallocated forfeitures. The Form 5500 does not separate them, so this is what the employer put in and not the match.
LAKELAND FINANCIAL put in more per active participant than 54% of plans with 500–999 participants at banks and lenders. The middle plan in that group of 309 reported $3,434. Banks and lenders comes from business code 522110, which LAKELAND FINANCIAL entered on its own Form 5500. Sponsors pick that code themselves, so a code that does not describe what the employer does ranks the plan against the wrong companies.
Matched to this employer by sponsor name, not by an identifier stated in the filing. This record could cover another plan of the same employer.
What this figure cannot separate: how much LAKELAND FINANCIAL pays, and how much it puts in
This is dollars, not a rate. A Form 5500 carries no payroll, so the figure reflects both how much the employer puts in and how much the employer pays: two plans running the same formula report different amounts when one pays better. Crossing the peer group with industry holds most of that difference still, and none of it disappears.
This is one plan year, not an average. A true-up, a plan merger or a one-off contribution moves a single year on its own.
Source: DOL Form 5500 for the plan year ended December 31, 2024, EIN 351559596, plan 004 · DOL EFAST2 ↗
The $3,609 above is the Form 5500 figure for plan year 2024, and it counts every employer dollar on one line. LAKELAND FINANCIAL CORP also files a Form 11-K, which states the match formula for plan year 2025: the card below reads $3,148 a year at a $49,500 salary. That second figure is what the formula pays one worker on that salary, and not an amount either filing reports. The two figures cover different plan years and measure different things, so neither one is the other one corrected.
What LAKELAND FINANCIAL puts in
$3,148
a year, at a $49,500 salary.
The match paragraph, word for word
“Each year the employer may set a matching percentage of a participant’s compensation, as well as make discretionary contributions. For 2025, the matching percentage was set at 106% of the first 6% of compensation a participant contributes to the Plan as a voluntary contribution.”
What you contribute to collect all of it
Contribute at least 6% of your pay to collect the full match.
That is $2,970 a year at a $49,500 salary, and it scales with your own.
Vesting score
Not scored
The filing states a graded schedule but not the years and percentages that make it up.
A schedule this cannot read at whole-year anniversaries is left without a number rather than given a middle one.
The filing states a graded schedule but not the years and percentages that make it up.
Vesting, word for word
“Participants are 100% vested in salary deferral contributions. Employer contributions vest according to a five-year graded schedule.”
The wait before the match starts and the year-end true-up appear above when the filing states them. Neither is part of the score, and a filing that is silent on one of them is not a plan without it.
What the plan costs, against plans of its size
2nd percentile
$3.28 per participant in plan-paid administrative cost, cheaper than 99% of plans with 500–999 participants.
What is LAKELAND FINANCIAL's 401(k) match formula?
LAKELAND FINANCIAL's 401(k) employer match tops out at 6.36% of pay. One rate up to one limit is the commonest of the four shapes a match formula takes.
| Match formula | 106% of the first 6% of pay |
|---|---|
| Maximum employer match | 6.36% of compensation |
| Paid in company stock | No, paid in cash or per your investment elections |
| Conditions | The first 50% of the matching contribution, or the first 3% of participant compensation contributed to the Plan, is made each pay period. The remainder of the match is a discretionary contribution made after the end of the Plan year and is determined partly based on company performance for the year. |
At a $75,000 salary, contributing 6% ($4,500) earns the full employer match of $4,770 for the year.
What the filing says, word for word
“Each year the employer may set a matching percentage of a participant’s compensation, as well as make discretionary contributions. For 2025, the matching percentage was set at 106% of the first 6% of compensation a participant contributes to the Plan as a voluntary contribution.”
Source: Form 11-K filed June 16, 2026, SEC EDGAR, corroborated by the filing's inline-XBRL facts · SEC ↗
What is LAKELAND FINANCIAL's 401(k) vesting schedule?
LAKELAND FINANCIAL vests the employer match on a graded schedule; the filing does not set out the year-by-year percentages. Each step is money that leaves with you that year, which is how a graded schedule differs from a cliff.
| Employer match vesting | Graded schedule (see filing) |
|---|---|
| Your own contributions | Immediate: always 100% yours |
| Accelerated vesting | Under the Plan, participants, or their beneficiaries, are entitled to 100% of their account balance upon death, disability, or retirement. |
Vesting, word for word
“Participants are 100% vested in salary deferral contributions. Employer contributions vest according to a five-year graded schedule.”
Source: Form 11-K filed June 16, 2026, SEC EDGAR · SEC ↗
Who can join LAKELAND FINANCIAL's 401(k), and is enrollment automatic?
LAKELAND FINANCIAL enrolls new hires automatically at 6% of pay.
| Plan entry | An employee becomes eligible to enter the Plan on January 1, April 1, July 1, and October 1 following attainment of age 18 and completion of one month of service. |
|---|---|
| Automatic enrollment | Yes: default deferral 6% of pay; default investment: a default target date fund based on the participant's age |
Eligibility, word for word
“An employee becomes eligible to enter the Plan on January 1, April 1, July 1, and October 1 following attainment of age 18 and completion of one month of service.”
Automatic enrollment, word for word
“The Plan includes an auto-enrollment provision whereby all newly eligible employees are automatically enrolled in the Plan unless they affirmatively elect not to participate in the Plan. Automatically enrolled participants have their deferral rate set at 6% of eligible compensation and their contributions invested in a default target date fund based on the participant's age until changed by the participant.”
Source: Form 11-K filed June 16, 2026, SEC EDGAR · SEC ↗
Who holds your account
Schedule C of the Form 5500 filed for plan year 2024 reports Fidelity Investments, filed as “FIDELITY INVESTMENTS INSTITUTIONAL”. That is the company paid to keep the account records: what is in an account, what went into it, and usually the site a participant signs in to. The trustee that holds the plan’s assets can be a different company, and this filing does not name it.
Matched to this employer by sponsor name, not by an identifier stated in the filing. This record could cover another plan of the same employer.
10,593 plans on file name Fidelity Investments as their recordkeeper. Of those, the 10,022 with a computable fee have a median plan-paid cost of $97.71 per participant.
Participants log in at Fidelity NetBenefits ↗. 401(k) Monitor is not affiliated with Fidelity Investments or with any other recordkeeper, and takes nothing for this link. It is here because that is where the account is.
| Recordkeeper | Fidelity Investments |
|---|---|
| Recordkeeper EIN | 042647786 |
What does the LAKELAND FINANCIAL plan report on Form 5500?
The LAKELAND FINANCIAL plan reported $122.6M in assets and 816 participants for plan year 2024.
Matched to this employer by sponsor name, not by an identifier stated in the filing. This record could cover another plan of the same employer.
| Plan named in the DOL record | Lakeland Financial Corporation 401(k) Plan |
|---|---|
| Total plan assets | $122,560,150 |
| Participants | 816 |
| Plan-paid admin cost per participant | $3.28 |
How that cost compares
This plan pays $3.28 per participant. The median across plans at banks and lenders is $152.83, from the 2,143 of 2,264 whose Form 5500 yields a per-participant cost.
Read from the Form 5500 filing of Lakeland Financial Corporation 401(k) Plan, which has no page of its own here.
How does LAKELAND FINANCIAL's 401(k) match compare?
LAKELAND FINANCIAL CORP's maximum 401(k) match of 6.36% of pay compares with a median of 4% across the 269 companies in our data with a computable formula.
Employers worth reading next
Of the six employers below, three file at banks and lenders, two report the same recordkeeper and one lands near LAKELAND FINANCIAL's maximum match.
Maximum match 6% of pay. Also at banks and lenders.
Maximum match 7% of pay. Also at banks and lenders.
Maximum match 6% of pay. Also at banks and lenders.
Maximum match 6% of pay. Same recordkeeper, Fidelity Investments.
Maximum match 6% of pay. Same recordkeeper, Fidelity Investments.
Maximum match 6% of pay, 0.36 points below LAKELAND FINANCIAL.
Compare LAKELAND FINANCIAL CORP with any company, side by side
What can you do next?
- Read the Form 11-K on SEC EDGAR ↗
Form 11-K filed June 16, 2026, SEC EDGAR. Every match fact on this page comes from it.
- Changed jobs? Find an old 401(k) ↗
The Department of Labor's Retirement Savings Lost & Found, a free government database.
- This year's IRS contribution limits ↗
The official deferral and catch-up limits every formula operates under.
Questions this filing answers
What is LAKELAND FINANCIAL CORP's 401(k) match?
Lakeland Financial Corporation matches 106% of employee contributions up to 6% of eligible pay (plan year ended December 31, 2025).
When does the LAKELAND FINANCIAL CORP 401(k) match vest?
Graded schedule (see filing).
Does LAKELAND FINANCIAL CORP's 401(k) plan have automatic enrollment?
Yes: default deferral 6% of pay; default investment: a default target date fund based on the participant's age.
Who is the recordkeeper for LAKELAND FINANCIAL CORP's 401(k)?
Fidelity Investments is named as the recordkeeper on the Form 5500 filed for Lakeland Financial Corporation 401(k) Plan for plan year 2024. That is the company paid to keep the account records: what is in an account, what went into it, and usually the site a participant signs in to. Matched to this employer by sponsor name, not by an identifier stated in the filing. This record could cover another plan of the same employer.
Source
The match formula, the vesting schedule and the enrollment rules on this page were read from one document: the Form 11-K annual report that LAKELAND FINANCIAL CORP filed with the US Securities and Exchange Commission for the plan year ended December 31, 2025. Each of those fields carries the filing sentence it was read from, expandable where the field appears. Nothing on this page was supplied by the employer to this site.
The plan assets, the participant counts, the plan-paid fees and the recordkeeper come from a different document, the plan’s DOL Form 5500 annual return, and the section that reports them links it. Comparisons with other employers are computed across the filings named in the section they appear in.
Read the filing on SEC EDGAR ↗
| Document | Form 11-K annual report |
|---|---|
| Filed with | US Securities and Exchange Commission (EDGAR) |
| Filed by | LAKELAND FINANCIAL CORP |
| SEC CIK | 721994 |
| Accession number | 0000721994-26-000056 |
| Plan | Lakeland Financial Corporation 401(k) Plan |
| Period of report | December 31, 2025 |
| Filed | June 16, 2026 |
401(k) Monitor is not affiliated with LAKELAND FINANCIAL CORP, with the Securities and Exchange Commission or with this plan’s recordkeeper, and publishes this page without their involvement. It republishes a public filing and says where it came from.
Cite this page
401(k) Monitor, “LAKELAND FINANCIAL CORP 401(k) plan facts”, from SEC Form 11-K accession 0000721994-26-000056, plan year ended December 31, 2025.
