Plan Ledger DOL Form 5500 · updated monthly

Envision Cooperative401(k)

CO-OP 401(K) PLAN · RUGBY, ND · plan year 2024

Reported admin expense ratio · 2024
0.65%

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

Envision Cooperative reported $36,416 in plan administrative expenses for 2024: 0.65% of average plan assets, above the peer median. Employer contributions averaged $3,487 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 0.65%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other agriculture, forestry & fishing employers. By assets it is among the smaller plans on file in North Dakota (228th of 279), and 604th of 945 in agriculture, forestry & fishing. In 2024, the employer put in $1.47 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$5,854,524
Participants with balances114
Active participants80
Employer contributions$278,991
Employee contributions$189,642
Employer contribution per active participant$3,487
Average account balance$51,355
Benefits paid to participants$527,467
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$5.9M · 114 accts · $279K emplr
2023$5.3M · 143 accts · $349K emplr
2022$4.8M · 145 accts · $191K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$35,349
Total administrative$36,416
The Envision Cooperative 401(k) match · 2024
Employer contribution per active participant$3,487
Median for plans this size$1,313
2024$3,487 per active participant
2023$4,648 per active participant
2022$2,417 per active participant

Envision Cooperative's 2024 employer contribution ran above the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
MILLIMAN, INC. · Recordkeeping · Loan processing$32,086

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

Recordkeeper by year2
2024Milliman
2023Milliman

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

Administrative cost history3
2024$36,416 · 0.65%
2023$33,155 · 0.66%
2022$32,233 · 0.68%
Similar plansAgriculture, Forestry & Fishing · North Dakota
Legacy Cooperative ND$11.3M · 0.40%
Farmers Union Oil Company ND$8.1M · 0.14%
Norwood Sales, Inc. ND$8.1M · 0.69%
George Packing Co Inc OR$5.9M · 0.57%
Soli Organic, Inc. VA$5.9M · 0.61%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 450133140 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.