Plan Ledger DOL Form 5500 · updated monthly

American Farm Bureau Federation401(k)

AMERICAN FARM BUREAU FEDERATION EMPLOYEES SAVINGS TRUST · WASHINGTON, DC · plan year 2024

Reported admin expense ratio · 2024
0.38%

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

American Farm Bureau Federation reported $82,957 in plan administrative expenses for 2024: 0.38% of average plan assets, above the peer median. Employer contributions averaged $1,963 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 0.17% to 0.38%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 302nd-largest of 618 plans among District of Columbia employers on file, and the 918th of 3,341 in other services. In 2024, employees put in $7.29 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$23,648,309
Participants with balances153
Active participants99
Employer contributions$194,337
Employee contributions$1,416,721
Employer contribution per active participant$1,963
Average account balance$154,564
Benefits paid to participants$2,963,979
Plan auditUnmodified (clean) audit opinion
AuditorJOHNSON LAMBERT
Plan history3
Yearassets · accounts · employer contribution
2024$23.6M · 153 accts · $194K emplr
2023$20.3M · 161 accts · $201K emplr
2022$16.3M · 162 accts · $206K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$30,888
Investment management$52,069
Total administrative$82,957
The American Farm Bureau Federation 401(k) match · 2024
Employer contribution per active participant$1,963
Median for plans this size$2,416
2024$1,963 per active participant
2023$2,032 per active participant
2022$2,101 per active participant

American Farm Bureau Federation'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 · 20242
WELLS FARGO CLEARING SERVICES LLC · Investment advisory (plan)$52,069
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$30,888

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$82,957 · 0.38%
2023$51,068 · 0.28%
2022$24,445 · 0.17%
All plans at this employer2
AMERICAN FARM BUREAU FEDERATION AND AFFILIATED COMPANIES EMPLOYEES' RETIREMENT PLANDefined-contribution plan
AMERICAN FARM BUREAU FEDERATION EMPLOYEES SAVINGS TRUST401(k)
Same employer
Similar plansOther Services · District of Columbia
National Public Media, LLC DC$24.9M · 0.06%
Home Builders Institute DC$23.8M · 0.02%
Unidosus DC$23.6M · 0.30%

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Source: U.S. Department of Labor, Form 5500 series, EIN 360725160 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.