Plan Ledger DOL Form 5500 · updated monthly

Friona Industries, L.P.401(k)

FRIONA INDUSTRIES, L.P. 401(K) PLAN · AMARILLO, TX · plan year 2024

Reported admin expense ratio · 2024
0.64%

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

Friona Industries, L.P. reported $84,485 in plan administrative expenses for 2024: 0.64% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,539 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 0.69% to 0.64%. 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 2,491st-largest of 5,688 plans among Texas employers on file, and the 342nd of 945 in agriculture, forestry & fishing. In 2024, employees put in $1.45 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$14,413,260
Participants with balances482
Active participants365
Employer contributions$926,627
Employee contributions$1,339,755
Employer contribution per active participant$2,539
Average account balance$29,903
Benefits paid to participants$1,495,037
Plan auditUnmodified (clean) audit opinion
AuditorJOHNSON & SHELDON PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$14.4M · 482 accts · $927K emplr
2023$12.1M · 494 accts · $788K emplr
2022$10.8M · 469 accts · $799K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$71,815
Investment management$12,670
Total administrative$84,485
The Friona Industries, L.P. 401(k) match · 2024
Employer contribution per active participant$2,539
Median for plans this size$2,416
2024$2,539 per active participant
2023$2,016 per active participant
2022$2,038 per active participant

Friona Industries, L.P.'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.

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 · 20243
ADP, INC. · Loan processing · Recordkeeping$71,818
AMARILLO NATIONAL BANK · Recordkeeping · Trustee$12,666
ADP BROKER-DEALERindirect comp

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

Recordkeeper by year2
2024ADP, AMARILLO NATIONAL BANK
2023ADP, AMARILLO NATIONAL BANK

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

Administrative cost history3
2024$84,485 · 0.64%
2023$78,766 · 0.69%
2022$79,758 · 0.69%
Same employer
Similar plansAgriculture, Forestry & Fishing · Texas
Lmbi, L.P. TX$21.1M · 0.14%
Vital Farms Inc. TX$20.1M · 0.10%
West Gaines Seed, Inc. TX$14.8M · 0.10%
Riata Management LLC TX$14.3M · 0.42%
Lane's End Farm TX$12.5M · 0.02%
Consolidated Citrus Limited TX$11.7M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 752278265 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.