Plan Ledger DOL Form 5500 · updated monthly

Federal Agricultural Mortgage Corporation401(k)

FEDERAL AGRICULTURAL MORTGAGE CORPORATION 401(K) PLAN · WASHINGTON, DC · plan year 2024

Reported admin expense ratio · 2024
0.10%

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

Federal Agricultural Mortgage Corporation reported $50,887 in plan administrative expenses for 2024: 0.10% of average plan assets, below the peer median. Employer contributions averaged $20,341 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 0.09% to 0.10%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 146th-largest of 618 plans among District of Columbia employers on file, and the 1,505th of 4,798 in finance & insurance. In 2024, the employer put in $1.91 for every $1.00 employees contributed themselves; active participation has grown from 163 to 203 since 2022.

Plan summary
Net assets, end of year$58,112,117
Participants with balances233
Active participants203
Employer contributions$4,129,202
Employee contributions$2,163,216
Employer contribution per active participant$20,341
Average account balance$249,408
Benefits paid to participants$2,028,732
Plan auditUnmodified (clean) audit opinion
AuditorCOHNREZNICK ADVISORY LLC
Plan history3
Yearassets · accounts · employer contribution
2024$58.1M · 233 accts · $4.1M emplr
2023$46.4M · 218 accts · $3.6M emplr
2022$37.2M · 191 accts · $3.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$50,887
Total administrative$50,887
The Federal Agricultural Mortgage Corporation 401(k) match · 2024
Employer contribution per active participant$20,341
Median for plans this size$3,635
2024$20,341 per active participant
2023$18,602 per active participant
2022$18,819 per active participant

Federal Agricultural Mortgage Corporation's 2024 employer contribution ran above the $3,635 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$50,886

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

Administrative cost history3
2024$50,887 · 0.10%
2023$39,114 · 0.09%
2022$35,559 · 0.09%
Same employer
Similar plansFinance & Insurance · District of Columbia
American Bankers Association DC$197.9M · 0.03%
Eig Management Company, LLC DC$25.3M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 521578738 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.