Plan Ledger DOL Form 5500 · updated monthly

California Farm Bureau Federation401(k)

CALIFORNIA FARM BUREAU MEMBER EMPLOYER RETIREMENT PLAN (MEP) · SACRAMENTO, CA · plan year 2024

Reported admin expense ratio · 2024
0.22%

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

California Farm Bureau Federation reported $68,709 in plan administrative expenses for 2024: 0.22% of average plan assets, below the peer median. Employer contributions averaged $843 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 0.35% to 0.22%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other agriculture, forestry & fishing employers. By assets it is the 2,451st-largest of 9,483 plans among California employers on file, and the 144th of 945 in agriculture, forestry & fishing. In 2024, employees put in $1.27 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$33,849,357
Participants with balances431
Active participants1,524
Employer contributions$1,285,271
Employee contributions$1,629,776
Employer contribution per active participant$843
Average account balance$78,537
Benefits paid to participants$1,916,428
Plan auditUnmodified (clean) audit opinion
AuditorGILBERTS CPAS
Plan history3
Yearassets · accounts · employer contribution
2024$33.8M · 431 accts · $1.3M emplr
2023$28.6M · 414 accts · $1.1M emplr
2022$25.2M · 324 accts · $990K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$68,709
Total administrative$68,709
The California Farm Bureau Federation 401(k) match · 2024
Employer contribution per active participant$843
Median for plans this size$2,416
2024$843 per active participant
2023$679 per active participant
2022$708 per active participant

California Farm Bureau Federation's 2024 employer contribution ran below the $2,416 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 · 20244
NATIONWIDE · Recordkeeping · Other services$37,708
NATIONAL BENEFIT SERVICES · Recordkeeping · Other services$5,379
GOLDEN STATE WEALTH MANAGEMENT · Investment advisory (plan)$48,368
PROACCOUNT · Investment advisory (plan)$15,669

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

Recordkeeper by year2
2024NATIONAL BENEFIT SERVICES, Nationwide
2023NATIONAL BENEFIT SERVICES, Nationwide

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$68,709 · 0.22%
2023$206,044 · 0.77%
2022$95,971 · 0.35%
Same employer
Similar plansAgriculture, Forestry & Fishing · California
Monrovia Nursery Company CA$45.0M · 0.30%
Monterey Mushrooms, LLC CA$38.1M · 0.31%
Harris Farms, Inc. CA$36.8M · 0.02%
Valley Fresh Foods, Inc. CA$32.9M · 0.25%
Mariani Nut Company Inc. CA$30.4M · 0.04%
Church Brothers, LLC CA$27.5M · 0.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 940357610 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.