Plan Ledger DOL Form 5500 · updated monthly

Barrett AG Service, Inc.401(k)

BARRETT PETFOOD INNOVATIONS 401(K) PLAN · BRAINERD, MN · plan year 2024

Reported admin expense ratio · 2024
0.67%

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

Barrett AG Service, Inc. reported $37,594 in plan administrative expenses for 2024: 0.67% of average plan assets, above the peer median. Employer contributions averaged $1,233 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 fell from 1.14% to 0.67%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Minnesota (1,483rd of 1,918), and 3,396th of 5,215 in retail trade. In 2024, employees put in $1.72 for every $1.00 the employer contributed; active participation has grown from 259 to 422 since 2022.

Plan summary
Net assets, end of year$6,400,919
Participants with balances282
Active participants422
Employer contributions$520,485
Employee contributions$895,951
Employer contribution per active participant$1,233
Average account balance$22,698
Benefits paid to participants$642,382
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.4M · 282 accts · $520K emplr
2023$4.8M · 305 accts · $438K emplr
2022$2.8M · 241 accts · $309K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$37,594
Total administrative$37,594
The Barrett AG Service, Inc. 401(k) match · 2024
Employer contribution per active participant$1,233
Median for plans this size$1,313
2024$1,233 per active participant
2023$1,407 per active participant
2022$1,194 per active participant

Barrett AG Service, 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 · 20241
BELL BNK · Recordkeeping · Trustee$37,594

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

Recordkeeper by year2
2024BELL BNK
2023John Hancock

This plan has changed recordkeepers within these filings. If you left Barrett AG Service, 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$37,594 · 0.67%
2023$44,971 · 1.19%
2022$30,800 · 1.14%
Same employer
Similar plansRetail Trade · Minnesota
Linn Retail Centers, Inc. MN$7.9M · 0.71%
Lakewinds Natural Foods MN$7.6M · 0.50%
Leeann Chin, Inc. MN$7.2M · 0.13%
Mauer Chevrolet MN$6.2M · 1.40%
Carlson Toyota MN$6.2M · 0.34%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411572322 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.