Plan Ledger DOL Form 5500 · updated monthly

Bailey Nurseries, Inc.401(k)

BAILEY NURSERIES, INC. 401(K) PROFIT SHARING PLAN · NEWPORT, MN · plan year 2024

Reported admin expense ratio · 2024
0.11%

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

Bailey Nurseries, Inc. reported $86,391 in plan administrative expenses for 2024: 0.11% of average plan assets, below the peer median. Employer contributions averaged $578 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 0.107%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other agriculture, forestry & fishing employers. By assets it is the 326th-largest of 1,918 plans among Minnesota employers on file, and the 56th of 945 in agriculture, forestry & fishing. In 2024, employees put in $5.70 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$84,089,104
Participants with balances789
Active participants643
Employer contributions$371,378
Employee contributions$2,116,270
Employer contribution per active participant$578
Average account balance$106,577
Benefits paid to participants$5,518,069
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$84.1M · 789 accts · $371K emplr
2023$77.0M · 792 accts · $368K emplr
2022$71.7M · 819 accts · $378K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$86,391
Total administrative$86,391
The Bailey Nurseries, Inc. 401(k) match · 2024
Employer contribution per active participant$578
Median for plans this size$3,635
2024$578 per active participant
2023$584 per active participant
2022$631 per active participant

Bailey Nurseries, Inc.'s 2024 employer contribution ran below the $3,635 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.

Service providers · 20241
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$86,391

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

Recordkeeper by year2
2024The Standard
2023Securian

This plan has changed recordkeepers within these filings. If you left Bailey Nurseries, Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$86,391 · 0.11%
2023$83,450 · 0.11%
2022$88,859 · 0.11%
Same employer
Similar plansAgriculture, Forestry & Fishing · Minnesota
Land O' Lakes, Inc. MN$2.0B · 0.09%
Team Brandt, LLC IL$88.0M · 0.03%
Taconic Biosciences, Inc. NY$85.6M · 0.19%
Citrus World, Inc. FL$83.5M · 0.32%
Metrolina Greenhouses, Inc. NC$83.0M · 0.19%
Savatree, LLC NY$81.5M · 0.31%

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Source: U.S. Department of Labor, Form 5500 series, EIN 410910672 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.