Plan Ledger DOL Form 5500 · updated monthly

Agri-King, Inc.Stock bonus plan

AGRI-KING, INC. EMPLOYEE STOCK OWNERSHIP PLAN · FULTON, IL · plan year 2022

Employer contribution per participant · 2022
$2,976

Agri-King, Inc.'s 2022 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $17,939,014 across 185 participant accounts, with employer contributions averaging $2,976 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other agriculture, forestry & fishing employers. By assets it is the 1,804th-largest of 3,702 plans among Illinois employers on file, and the 277th of 945 in agriculture, forestry & fishing.

Plan summary
Net assets, end of year$17,939,014
Participants with balances185
Active participants168
Employer contributions$500,000
Employee contributions—
Employer contribution per active participant$2,976
Average account balance$96,968
Benefits paid to participants$646,913
Plan auditUnmodified (clean) audit opinion
AuditorSITRICK & ASSOCIATES, LLC
Plan history2
Yearassets · accounts · employer contribution
2023$17.1M · 192 accts · $525K emplr
2022$17.9M · 185 accts · $500K emplr
Employer contributions to the Agri-King, Inc. plan · 2022
Employer contribution per active participant$2,976
Median for plans this size$2,266
2023$3,000 per active participant
2022$2,976 per active participant

Agri-King, Inc.'s 2022 employer contribution ran above the $2,266 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.

Administrative cost history2
2023Not separately reported
2022Not separately reported
All plans at this employer2
AGRI-KING, INC. EMPLOYEE STOCK OWNERSHIP PLANStock bonus plan
AGRI-KING, INC. 401(K) PLAN401(k)
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 362658062 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.