Plan Ledger DOL Form 5500 · updated monthly

Holden Farms, Inc.401(k)

HOLDEN FARMS, INC. 401(K) PROFIT SHARING PLAN & TRUST · NORTHFIELD, MN · plan year 2024

Reported admin expense ratio · 2024
0.40%

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

Holden Farms, Inc. reported $63,442 in plan administrative expenses for 2024: 0.40% of average plan assets, above the peer median. Employer contributions averaged $3,080 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 0.40%. 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 among the smaller plans on file in Minnesota (986th of 1,918), and the 287th of 945 in agriculture, forestry & fishing. In 2024, the employer put in $1.12 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$17,282,792
Participants with balances268
Active participants177
Employer contributions$545,072
Employee contributions$487,216
Employer contribution per active participant$3,080
Average account balance$64,488
Benefits paid to participants$320,660
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$17.3M · 268 accts · $545K emplr
2023$14.4M · 242 accts · $537K emplr
2022$14.4M · $491K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$24,621
Investment management$38,821
Total administrative$63,442
The Holden Farms, Inc. 401(k) match · 2024
Employer contribution per active participant$3,080
Median for plans this size$2,416
2024$3,080 per active participant
2023$2,902 per active participant
2022$2,872 per active participant

Holden Farms, Inc.'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
MURRAY FINANCIAL GROUP LLC DBA ISC · Investment advisory (plan)$37,763
EMPOWER ADVISORY GROUP, LLC · Investment management$1,058

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$63,442 · 0.40%
2023$59,537 · 0.41%
2022$53,445 · 0.39%
Same employer
Similar plansAgriculture, Forestry & Fishing · Minnesota
Central Region Cooperative MN$23.6M · 0.23%
Centra Sota Cooperative MN$20.6M · 0.10%
Meadowland Farmers Coop MN$20.1M · 0.51%
Ralco Nutrition, Inc. MN$19.0M · 0.26%
Western Consolidated Co-Op MN$16.9M · 0.08%
New Vision Co-Op MN$16.2M · 0.08%
New Fashion Pork, LLP MN$13.4M · 0.82%

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Source: U.S. Department of Labor, Form 5500 series, EIN 410979973 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.