Plan Ledger DOL Form 5500 · updated monthly

Koch Foods, Inc.401(k)

KOCH MEAT CO. , INC. 401(K) PLAN · PARK RIDGE, IL · plan year 2024

Reported admin expense ratio · 2024
0.25%

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

Koch Foods, Inc. reported $230,191 in plan administrative expenses for 2024: 0.25% of average plan assets, higher than ~75% of peers. Employer contributions averaged $660 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 fell from 0.27% to 0.25%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other agriculture, forestry & fishing employers. By assets it is the 564th-largest of 3,702 plans among Illinois employers on file, and the 40th of 945 in agriculture, forestry & fishing. In 2024, employees put in $1.72 for every $1.00 the employer contributed; active participation has grown from 6,378 to 7,046 since 2022.

Plan summary
Net assets, end of year$101,528,480
Participants with balances2,450
Active participants7,046
Employer contributions$4,649,715
Employee contributions$8,002,965
Employer contribution per active participant$660
Average account balance$41,440
Benefits paid to participants$6,358,778
Plan auditUnmodified (clean) audit opinion
AuditorFGMK LLC
Plan history3
Yearassets · accounts · employer contribution
2024$101.5M · 2,450 accts · $4.6M emplr
2023$84.4M · 2,250 accts · $4.1M emplr
2022$66.7M · 2,129 accts · $3.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$230,191
Total administrative$230,191
The Koch Foods, Inc. 401(k) match · 2024
Employer contribution per active participant$660
Median for plans this size$3,635
2024$660 per active participant
2023$613 per active participant
2022$608 per active participant

Koch Foods, Inc.'s 2024 employer contribution ran below the $3,635 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 · 20241
ASCENSUS LLC · Loan processing · Recordkeeping$230,191

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Ascensus
2023Ascensus

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$230,191 · 0.25%
2023$206,199 · 0.27%
2022$186,724 · 0.27%
Similar plansAgriculture, Forestry & Fishing · Illinois
Growmark, Inc. IL$474.9M · 0.19%
New Cooperative, Inc. IA$113.5M · 0.12%
Lummus Technology LLC NJ$112.7M · 0.03%
Indiana Packers Corporation IN$104.9M · 0.04%
Rose Acre Farms, Inc. IN$100.4M · 0.16%
Coop Shared Services, LLC ID$99.2M · 0.14%
Agri Beef Company ID$99.0M · 0.43%

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Source: U.S. Department of Labor, Form 5500 series, EIN 362924281 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.