Plan Ledger DOL Form 5500 · updated monthly

Future Farmers of America dba National Ffa Organization403(b)

NATIONAL FFA ORGANIZATION 403(B) PLAN · INDIANAPOLIS, IN · plan year 2024

Reported admin expense ratio · 2024
0.42%

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

Future Farmers of America dba National Ffa Organization reported $53,291 in plan administrative expenses for 2024: 0.42% of average plan assets, above the peer median. Employer contributions averaged $3,894 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 0.42%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 757th-largest of 1,562 plans among Indiana employers on file, and the 1,372nd of 3,341 in other services. In 2024, employees put in $1.96 for every $1.00 the employer contributed; active participation has grown from 106 to 117 since 2022.

Plan summary
Net assets, end of year$13,700,170
Participants with balances151
Active participants117
Employer contributions$455,618
Employee contributions$892,662
Employer contribution per active participant$3,894
Average account balance$90,730
Benefits paid to participants$1,009,075
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$13.7M · 151 accts · $456K emplr
2023$11.6M · 150 accts · $561K emplr
2022$9.2M · 143 accts · $349K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$53,291
Total administrative$53,291
Employer contributions to the Future Farmers of America dba National Ffa Organization plan · 2024
Employer contribution per active participant$3,894
Median for plans this size$2,416
2024$3,894 per active participant
2023$4,964 per active participant
2022$3,293 per active participant

Future Farmers of America dba National Ffa Organization'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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$53,290
ONE AMERICA SECURITIES · Investment advisory (plan)indirect 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
2024$53,291 · 0.42%
2023$46,730 · 0.45%
2022$44,237 · 0.44%
Same employer
Similar plansOther Services · Indiana
Kiwanis International IN$16.8M · 0.23%
Our Sunday Visitor, Inc. IN$16.3M · 0.27%
Grand Industrial, LLC IN$10.5M · 0.10%
Bashor Children's Home IN$10.0M · 0.34%

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Source: U.S. Department of Labor, Form 5500 series, EIN 540524844 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.