Plan Ledger DOL Form 5500 · updated monthly

Key Cooperative401(k)

UBG 401(K) - KEY COOP · ROLAND, IA · plan year 2024

Reported admin expense ratio · 2024
0.18%

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

Key Cooperative reported $51,509 in plan administrative expenses for 2024: 0.18% of average plan assets, below the peer median. Employer contributions averaged $463 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 2 years on file its reported administrative ratio rose from 0.10% to 0.18%. 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 the 295th-largest of 878 plans among Iowa employers on file, and the 161st of 945 in agriculture, forestry & fishing. In 2024, employees put in $9.29 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$30,460,299
Participants with balances244
Active participants247
Employer contributions$114,381
Employee contributions$1,062,441
Employer contribution per active participant$463
Average account balance$124,837
Benefits paid to participants$1,528,210
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$30.5M · 244 accts · $114K emplr
2023$27.6M · 255 accts · $242K emplr
2022$24.9M · 267 accts · $284K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$46,509
Total administrative$51,509
The Key Cooperative 401(k) match · 2024
Employer contribution per active participant$463
Median for plans this size$2,416
2024$463 per active participant
2023$964 per active participant
2022$1,068 per active participant

Key Cooperative's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. 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
UNITED BENEFITS GROUP · Contract administrator$28,238
INTELLICENTS INVESTMENT SOLUTIONS I$5,000

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$51,509 · 0.18%
2023$33,486 · 0.13%
2022$28,527 · 0.10%
Same employer
Similar plansAgriculture, Forestry & Fishing · Iowa
Gold-Eagle Cooperative IA$39.6M · 0.15%
Innovative AG Services Co. IA$38.1M · 0.13%
Nexus Cooperative IA$31.4M · 0.20%
Agstate IA$31.0M · 0.44%
Trans Ova Genetics L.C. IA$30.5M · 0.35%
Center Fresh Egg Farm LLP IA$29.0M · 0.71%
Stine Seed Farm, Inc. IA$26.2M · 0.42%
Stateline Cooperative IA$20.4M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 420242395 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.