Plan Ledger DOL Form 5500 · updated monthly

Agraria Insurance Company401(k)

NORTH DAKOTA FARMERS UNION EMPLOYEE SALARY SAVINGS PLAN · JAMESTOWN, ND · plan year 2024

Reported admin expense ratio · 2024
0.37%

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

Agraria Insurance Company reported $48,496 in plan administrative expenses for 2024: 0.37% of average plan assets, above the peer median. Employer contributions averaged $2,140 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 fell from 0.48% to 0.37%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in North Dakota (146th of 279), and 3,598th of 4,798 in finance & insurance. In 2024, employees put in $2.74 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$13,999,151
Participants with balances125
Active participants124
Employer contributions$265,413
Employee contributions$726,076
Employer contribution per active participant$2,140
Average account balance$111,993
Benefits paid to participants$850,016
Plan auditUnmodified (clean) audit opinion
AuditorBRADY MARTZ & ASSOCIATES
Plan history3
Yearassets · accounts · employer contribution
2024$14.0M · 125 accts · $265K emplr
2023$12.4M · 135 accts · $265K emplr
2022$10.3M · 132 accts · $235K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$31,757
Investment management$13,512
Audit (IQPA)$3,227
Total administrative$48,496
The Agraria Insurance Company 401(k) match · 2024
Employer contribution per active participant$2,140
Median for plans this size$2,416
2024$2,140 per active participant
2023$2,248 per active participant
2022$1,818 per active participant

Agraria Insurance Company's 2024 employer contribution ran below the $2,416 median for plans its size. 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 · 20244
ROBERT MASTEL DBA RPM ADVISORS LLC · Investment advisory (plan)$13,084
BRADY MARTZ & ASSOCIATES PC · Accounting / audit$3,227
EMPOWER ADVISORY GROUP,LLC · Investment management$428

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

Administrative cost history3
2024$48,496 · 0.37%
2023$66,693 · 0.59%
2022$54,705 · 0.48%
Same employer
Similar plansFinance & Insurance · North Dakota
Starion Bancorporation ND$32.4M · 0.32%
American Federal Bank ND$29.4M · 0.23%
Cornerstone Bank ND$26.7M · 0.52%
Cole Papers, Inc. ND$11.4M · 0.33%
Ni Holdings, Inc. ND$2.7M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 450214096 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.