Plan Ledger DOL Form 5500 · updated monthly

Georgia Farm Bureau Inc401(k)

GEORGIA FARM BUREAU COMPANIES EMPLOYEE SAVINGS PLAN · MACON, GA · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Georgia Farm Bureau Inc reported $172,476 in plan administrative expenses for 2024: 0.08% of average plan assets, below the peer median. Employer contributions averaged $4,376 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 0.080%. 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 156th-largest of 2,160 plans among Georgia employers on file, and the 539th of 4,798 in finance & insurance. In 2024, employees put in $1.56 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$226,524,357
Participants with balances1,389
Active participants1,176
Employer contributions$5,145,996
Employee contributions$8,019,590
Employer contribution per active participant$4,376
Average account balance$163,084
Benefits paid to participants$18,549,619
Plan auditUnmodified (clean) audit opinion
AuditorMCNAIR, MCLEMORE, MIDDLEBROOKS & CO
Plan history3
Yearassets · accounts · employer contribution
2024$226.5M · 1,389 accts · $5.1M emplr
2023$204.7M · 1,402 accts · $4.7M emplr
2022$181.6M · 1,390 accts · $4.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$124,009
Investment management$48,467
Total administrative$172,476
The Georgia Farm Bureau Inc 401(k) match · 2024
Employer contribution per active participant$4,376
Median for plans this size$3,635
2024$4,376 per active participant
2023$4,088 per active participant
2022$4,068 per active participant

Georgia Farm Bureau Inc's 2024 employer contribution ran above the $3,635 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$124,009
ALLIANT INSURANCE SERVICES, INC. · Investment advisory (plan)$48,467

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$172,476 · 0.08%
2023$160,842 · 0.08%
2022$164,954 · 0.08%
Same employer
Similar plansFinance & Insurance · Georgia
Primerica, Inc. GA$336.2M · 0.02%
United Community Banks, Inc. GA$295.2M · 0.09%
Delta Community Credit Union GA$163.5M · 0.05%
Cor Partners, Inc. GA$134.0M · 0.21%

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Source: U.S. Department of Labor, Form 5500 series, EIN 580707657 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.