Plan Ledger DOL Form 5500 · updated monthly

Agriland Farming Company, Inc.401(k)

AGRILAND FARMING COMPANY, INC. 401K PLAN · CHOWCHILLA, CA · plan year 2024

Reported admin expense ratio · 2024
1.58%

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

Agriland Farming Company, Inc. reported $52,250 in plan administrative expenses for 2024: 1.58% of average plan assets, higher than ~90% of peers. Employer contributions averaged $513 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 0.22% to 1.58%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other agriculture, forestry & fishing employers. By assets it is among the smaller plans on file in California (7,558th of 9,483), and 710th of 945 in agriculture, forestry & fishing. In 2024, employees put in $2.09 for every $1.00 the employer contributed; active participation has grown from 238 to 315 since 2022.

Plan summary
Net assets, end of year$3,608,774
Participants with balances119
Active participants315
Employer contributions$161,637
Employee contributions$337,841
Employer contribution per active participant$513
Average account balance$30,326
Benefits paid to participants$222,172
Plan auditUnmodified (clean) audit opinion
AuditorMOORE GRIDER & COMPANY LLP
Plan history3
Yearassets · accounts · employer contribution
2024$3.6M · 119 accts · $162K emplr
2023$3.0M · 101 accts · $138K emplr
2022$2.3M · 104 accts · $129K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,650
Investment management$50,600
Total administrative$52,250
The Agriland Farming Company, Inc. 401(k) match · 2024
Employer contribution per active participant$513
Median for plans this size$1,313
2024$513 per active participant
2023$506 per active participant
2022$544 per active participant

Agriland Farming Company, Inc.'s 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom 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.

Administrative cost history3
2024$52,250 · 1.58%
2023$19,183 · 0.72%
2022$5,397 · 0.22%
Similar plansAgriculture, Forestry & Fishing · California
Plug Connection, LLC CA$3.8M · 0.31%
Rancho Guadalupe LLC CA$3.7M · 0.32%
Fieldtrue LLC CA$3.6M · 0.68%
Booth Ranches, LLC CA$3.5M · 0.87%
Dick Peixoto Company CA$3.5M · 0.19%
Grapeman Farms, L.P. CA$3.5M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 262773497 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.