Plan Ledger DOL Form 5500 · updated monthly

Kanza Cooperative Association401(k)

THE RESTATED THRIFT/PROFIT SHARING PLAN FOR COOPERATIVES · IUKA, KS · plan year 2024

Reported admin expense ratio · 2024
0.13%

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

Kanza Cooperative Association reported $13,572 in plan administrative expenses for 2024: 0.13% of average plan assets, below the peer median. Employer contributions averaged $1,860 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 0.128%. 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 Kansas (456th of 828), and the 409th of 945 in agriculture, forestry & fishing. In 2024, employees put in $2.40 for every $1.00 the employer contributed; active participation has grown from 152 to 180 since 2022.

Plan summary
Net assets, end of year$11,531,790
Participants with balances240
Active participants180
Employer contributions$334,766
Employee contributions$802,743
Employer contribution per active participant$1,860
Average account balance$48,049
Benefits paid to participants$477,150
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$11.5M · 240 accts · $335K emplr
2023$9.6M · 201 accts · $356K emplr
2022$8.7M · 208 accts · $334K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$13,100
Investment management$472
Total administrative$13,572
The Kanza Cooperative Association 401(k) match · 2024
Employer contribution per active participant$1,860
Median for plans this size$2,416
2024$1,860 per active participant
2023$2,602 per active participant
2022$2,198 per active participant

Kanza Cooperative Association's 2024 employer contribution ran below 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 · 20245
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$9,940
DST ASSET MANAGER SOLUTIONS, INC. · Custodial (securities)indirect comp
MASSACHUSETTS FINANCIAL SERVICES CO · Custodial (securities)indirect comp
WELLINGTON TRUST CO., NA · Custodial (securities)indirect comp
MORNINGSTAR INVESTMENT MANAGEMENT · Investment advisory (participants)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$13,572 · 0.13%
2023$13,005 · 0.14%
2022$11,170 · 0.13%
Similar plansAgriculture, Forestry & Fishing · Kansas
Garden City Co-Op, Inc. KS$11.1M · 0.29%
Syracuse Dairy, LLC KS$9.8M · 0.48%
Cobalt Cattle Company LLC KS$9.6M · 0.04%
Skyland Coop, Inc KS$9.2M · 0.54%

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Source: U.S. Department of Labor, Form 5500 series, EIN 480277750 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.