Plan Ledger DOL Form 5500 · updated monthly

Caledonia Farmers Elevator Company401(k)

CALEDONIA FARMERS ELEVATOR COMPANY PROFIT SHARING 401(K) PLAN & TRUST · CALEDONIA, MI · plan year 2022

Reported admin expense ratio · 2022
0.37%

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

Caledonia Farmers Elevator Company reported $45,504 in plan administrative expenses for 2022: 0.37% of average plan assets, above the peer median. Employer contributions averaged $4,307 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 2 years on file its reported administrative ratio rose from 0.37% to 0.39%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other agriculture, forestry & fishing employers. By assets it is among the smaller plans on file in Michigan (1,472nd of 2,619), and the 425th of 945 in agriculture, forestry & fishing. In 2022, employees put in $1.13 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,952,877
Participants with balances134
Active participants113
Employer contributions$486,733
Employee contributions$547,800
Employer contribution per active participant$4,307
Average account balance$81,738
Benefits paid to participants$1,673,902
Plan auditUnmodified (clean) audit opinion
AuditorD.K. WEISS, HOLT & ASSOCIATES, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$10.9M · 145 accts · $489K emplr
2023$10.3M · 127 accts · $482K emplr
2022$11.0M · 134 accts · $487K emplr
Administrative expenses, itemized · 2022
Professional / advisory$45,504
Total administrative$45,504
The Caledonia Farmers Elevator Company 401(k) match · 2022
Employer contribution per active participant$4,307
Median for plans this size$2,266
2024$4,211 per active participant
2023$4,268 per active participant
2022$4,307 per active participant

Caledonia Farmers Elevator Company's 2022 employer contribution ran above the $2,266 median for plans its size, placing it in the top 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history3
2024$41,453 · 0.39%
2023$45,474 · 0.43%
2022$45,504 · 0.37%
Similar plansAgriculture, Forestry & Fishing · Michigan
Sietsema Farms Inc. MI$14.2M · 0.34%
Walther Farms LLC MI$13.7M · 0.24%
Jm Longyear, LLC MI$12.1M · 0.42%
AG Business Solutions LLC MI$11.5M · 0.48%
Bordine Nursery LTD MI$9.1M · 0.50%
Ray Wiegand Nursery, Inc. MI$6.5M · 0.26%

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Source: U.S. Department of Labor, Form 5500 series, EIN 380394240 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.