Plan Ledger DOL Form 5500 · updated monthly

AG Leader Technology, Inc.401(k)

AG LEADER TECHNOLOGY, INC. 401(K) PLAN · AMES, IA · plan year 2024

Reported admin expense ratio · 2024
0.21%

Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works

AG Leader Technology, Inc. reported $97,666 in plan administrative expenses for 2024: 0.21% of average plan assets, below the peer median. Employer contributions averaged $5,239 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.02% to 0.21%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other agriculture, forestry & fishing employers. By assets it is the 192nd-largest of 878 plans among Iowa employers on file, and the 91st of 945 in agriculture, forestry & fishing. In 2024, employees put in $1.57 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$50,143,559
Participants with balances355
Active participants287
Employer contributions$1,503,570
Employee contributions$2,355,924
Employer contribution per active participant$5,239
Average account balance$141,249
Benefits paid to participants$2,931,498
Plan auditUnmodified (clean) audit opinion
AuditorRSMUS LLP
Plan history3
Yearassets · accounts · employer contribution
2024$50.1M · 355 accts · $1.5M emplr
2023$43.4M · 370 accts · $1.5M emplr
2022$34.2M · 342 accts · $1.4M emplr
The AG Leader Technology, Inc. 401(k) match · 2024
Employer contribution per active participant$5,239
Median for plans this size$2,416
2024$5,239 per active participant
2023$4,584 per active participant
2022$4,507 per active participant

AG Leader Technology, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
MERRILL LYNCH, PIERCE, FENNER AND S · Recordkeeping$176,752

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Bank of America / Merrill
2023Bank of America / Merrill

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$97,666 · 0.21%
2023$2,700 · 0.01%
2022$7,630 · 0.02%
Same employer
Similar plansAgriculture, Forestry & Fishing · Iowa
Ave-Plp, LLC IA$93.6M · 0.65%
Landus Cooperative IA$80.4M · 0.27%
Hertz Associates LTD. IA$62.4M · 0.04%
Heartland Co-Op IA$55.0M · 0.13%
Hy-Line International IA$45.9M · 0.24%
River Valley Cooperative IA$44.3M · 0.13%
Iowa Select Farms, L.L.L.P. IA$40.8M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 421449254 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.