Plan Ledger DOL Form 5500 · updated monthly

Chem Gro of Houghton, Inc.401(k)

CHEM GRO 401(K) PLAN · HOUGHTON, IA · plan year 2024

Employer contribution per participant · 2024
$3,789

Chem Gro of Houghton, Inc.'s 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $14,508,607 across 186 participant accounts, with employer contributions averaging $3,789 per active participant. See methodology for what Form 5500 does and doesn't capture.

Across the 1 year on file its reported administrative ratio rose from 0.00% to 0.06%. 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 among the smaller plans on file in Iowa (498th of 878), and the 338th of 945 in agriculture, forestry & fishing. In 2024, employees put in $1.58 for every $1.00 the employer contributed; active participation has grown from 152 to 190 since 2022.

Plan summary
Net assets, end of year$14,508,607
Participants with balances186
Active participants190
Employer contributions$719,965
Employee contributions$1,138,084
Employer contribution per active participant$3,789
Average account balance$78,003
Benefits paid to participants$796,022
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$14.5M · 186 accts · $720K emplr
2023$11.9M · 189 accts · $602K emplr
2022$9.1M · 184 accts · $402K emplr
Administrative expenses, itemized · 2024
Audit (IQPA)$6,300
Total administrative-$7,461
The Chem Gro of Houghton, Inc. 401(k) match · 2024
Employer contribution per active participant$3,789
Median for plans this size$2,416
2024$3,789 per active participant
2023$3,690 per active participant
2022$2,645 per active participant

Chem Gro of Houghton, Inc.'s 2024 employer contribution ran above the $2,416 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.

Service providers · 20243
CLIFTONLARSONALLEN · Accounting / audit$6,300
NYLIFE SECURITIES INCindirect comp

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

Administrative cost history3
2024Not separately reported
2023$6,630 · 0.06%
2022$150 · 0.00%
Same employer
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Stine Seed Farm, Inc. IA$26.2M · 0.42%
Stateline Cooperative IA$20.4M · 0.12%
Lynch Livestock IA$18.2M · 0.49%
Pro Cooperative IA$16.1M · 0.12%
United Farmers Cooperative IA$14.4M · 0.17%
Five Star Cooperative IA$14.0M · 0.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 420934124 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.