Plan Ledger DOL Form 5500 · updated monthly

Germania Farm Mutual Insurance Association401(k)

GERMANIA COMPANIES EMPLOYEES PROFIT SHARING AND SAVINGS PLAN · BRENHAM, TX · plan year 2024

Reported admin expense ratio · 2024
0.23%

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

Germania Farm Mutual Insurance Association reported $169,052 in plan administrative expenses for 2024: 0.23% of average plan assets, higher than ~75% of peers. Employer contributions averaged $5,335 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 0.233%. 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 792nd-largest of 5,688 plans among Texas employers on file, and the 1,227th of 4,798 in finance & insurance. In 2024, employees put in $1.19 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$75,546,725
Participants with balances563
Active participants453
Employer contributions$2,416,939
Employee contributions$2,885,976
Employer contribution per active participant$5,335
Average account balance$134,186
Benefits paid to participants$8,940,200
Plan auditUnmodified (clean) audit opinion
AuditorJRBT, PC
Plan history3
Yearassets · accounts · employer contribution
2024$75.5M · 563 accts · $2.4M emplr
2023$69.7M · 602 accts · $2.9M emplr
2022$61.8M · 599 accts · $2.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$169,052
Total administrative$169,052
The Germania Farm Mutual Insurance Association 401(k) match · 2024
Employer contribution per active participant$5,335
Median for plans this size$3,635
2024$5,335 per active participant
2023$6,082 per active participant
2022$5,150 per active participant

Germania Farm Mutual Insurance Association'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 · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$168,899
CAPFINANCIAL PARTNERS LLC · Consultingindirect comp
GERMANIA FARM MUTUAL INSURANCE ASSN · Other servicesindirect comp
JAYNES, REITMEIER, BOYD & THERRELL, · Accounting / auditindirect 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$169,052 · 0.23%
2023$137,066 · 0.21%
2022$155,839 · 0.23%
Same employer
Similar plansFinance & Insurance · Texas
Apex Fintech Services LLC TX$79.8M · 0.01%
The Rosewood Corporation TX$79.4M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 740643240 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.