Plan Ledger DOL Form 5500 · updated monthly

Legacy Cooperative401(k)

CO-OP 401(K) PLAN · BISBEE, ND · plan year 2024

Reported admin expense ratio · 2024
0.40%

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

Legacy Cooperative reported $43,527 in plan administrative expenses for 2024: 0.40% of average plan assets, above the peer median. Employer contributions averaged $2,828 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 0.401%. 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 North Dakota (171st of 279), and the 414th of 945 in agriculture, forestry & fishing. In 2024, employees put in $1.98 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,343,113
Participants with balances113
Active participants102
Employer contributions$288,410
Employee contributions$569,775
Employer contribution per active participant$2,828
Average account balance$100,382
Benefits paid to participants$895,211
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$11.3M · 113 accts · $288K emplr
2023$10.3M · 112 accts · $285K emplr
2022$9.0M · 111 accts · $252K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$41,278
Total administrative$43,527
The Legacy Cooperative 401(k) match · 2024
Employer contribution per active participant$2,828
Median for plans this size$2,416
2024$2,828 per active participant
2023$2,615 per active participant
2022$2,288 per active participant

Legacy Cooperative'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 · 20242
MILLIMAN, INC. · Recordkeeping$30,115
AGRI-INVEST, LLC · Investment management$7,317

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

Recordkeeper by year2
2024Milliman
2023Milliman

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

Administrative cost history3
2024$43,527 · 0.40%
2023$41,995 · 0.43%
2022$40,733 · 0.40%
Similar plansAgriculture, Forestry & Fishing · North Dakota
Horizon Resources ND$19.0M · 0.32%
Cendak Cooperative ND$18.1M · 0.36%
Farmers Union Oil Company ND$11.4M · 0.38%
Farmers Union Oil Company ND$8.1M · 0.14%
Norwood Sales, Inc. ND$8.1M · 0.69%
Envision Cooperative ND$5.9M · 0.65%

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Source: U.S. Department of Labor, Form 5500 series, EIN 450383739 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.