Land O’Lakes competitive, cost-effective medical plan choices include generous up-front funding into an HRA or HSA for both employee coverage and employee + dependents coverage. In addition to the HRA and HSA, we offer two pre-tax Flexible Spending Accounts (FSAs) to help employees save money on health care and dependent care expenses. With our wellness program, you have access to support your physical, financial, and emotional health with online tools, resources, competitions, and sleep, physical activity, and nutrition logging.
We make a 4% matching 401(k) contribution on the first 5% of pay you contribute to the Plan. In addition, a Company Retirement Contribution of 3%–5% of pay is added to the Plan automatically, whether or not you contribute. In total, this can add up to a a 9% contribution by Land O'Lakes into your 401(k) plan.
In 2020, we received a Best In Class 401(k) Plan award from PLANSPONSOR, recognizing companies demonstrating outstanding plan design, governance and participant outcomes.