Plan Ledger DOL Form 5500 · updated monthly

Augusta Cooperative Farm Bureau, Inc.401(k)

AUGUSTA COOPERATIVE FARM BUREAU, INC. 401(K) SAVINGS PLAN · STAUNTON, VA · plan year 2024

Reported admin expense ratio · 2024
0.89%

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

Augusta Cooperative Farm Bureau, Inc. reported $55,165 in plan administrative expenses for 2024: 0.89% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,307 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 3 years on file its reported administrative ratio has held roughly steady near 0.89%. 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 Virginia (1,724th of 2,266), and 586th of 945 in agriculture, forestry & fishing. In 2024, employees put in $2.58 for every $1.00 the employer contributed; active participation has shrunk from 119 to 97 since 2022.

Plan summary
Net assets, end of year$6,190,902
Participants with balances132
Active participants97
Employer contributions$126,786
Employee contributions$327,018
Employer contribution per active participant$1,307
Average account balance$46,901
Benefits paid to participants$1,028,760
Plan auditUnmodified (clean) audit opinion
AuditorDAVIDSON, DOYLE & HILTON, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$6.2M · 132 accts · $127K emplr
2023$6.1M · 141 accts · $124K emplr
2022$5.6M · 133 accts · $112K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$13,570
Investment management$17,173
Trustee / custodial$24,422
Total administrative$55,165
The Augusta Cooperative Farm Bureau, Inc. 401(k) match · 2024
Employer contribution per active participant$1,307
Median for plans this size$1,313
2024$1,307 per active participant
2023$1,003 per active participant
2022$938 per active participant

Augusta Cooperative Farm Bureau, Inc.'s 2024 employer contribution ran below the $1,313 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 · 20243
AMERICAN TRUST COMPANY · Recordkeeping · Trustee$29,132
HCI-EBS, INC. · Recordkeeping$8,860
MASS MUTUAL LIFE INSURANCE$17,173

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

Recordkeeper by year2
2024AMERICAN TRUST COMPANY, HCI-EBS, INC.
2023AMERICAN TRUST COMPANY, HCI-EBS, INC.

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Administrative cost history3
2024$55,165 · 0.89%
2023$54,760 · 0.93%
2022$52,241 · 0.88%
Same employer
Similar plansAgriculture, Forestry & Fishing · Virginia
Virginia Diodes VA$9.2M · 0.11%
Vpgc, LLC VA$9.1M · 0.65%
Soli Organic, Inc. VA$5.9M · 0.61%
Primland LTD. VA$2.1M · 0.93%

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Source: U.S. Department of Labor, Form 5500 series, EIN 540129140 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.