Plan Ledger DOL Form 5500 · updated monthly

Makhteshim Agan of North America401(k)

MAKHTESHIM AGAN OF NORTH AMERICA 401(K) PROFIT SHARING PLAN & TRU · RALEIGH, NC · plan year 2024

Reported admin expense ratio · 2024
0.42%

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

Makhteshim Agan of North America reported $112,358 in plan administrative expenses for 2024: 0.42% of average plan assets, above the peer median. Employer contributions averaged $4,554 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 0.46% to 0.42%. 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 595th-largest of 2,005 plans among North Carolina employers on file, and the 175th of 945 in agriculture, forestry & fishing. In 2024, employees put in $2.05 for every $1.00 the employer contributed; active participation has shrunk from 222 to 196 since 2022.

Plan summary
Net assets, end of year$27,697,954
Participants with balances297
Active participants196
Employer contributions$892,600
Employee contributions$1,827,952
Employer contribution per active participant$4,554
Average account balance$93,259
Benefits paid to participants$3,936,786
Plan auditUnmodified (clean) audit opinion
AuditorCROWE LLP
Plan history3
Yearassets · accounts · employer contribution
2024$27.7M · 297 accts · $893K emplr
2023$25.4M · 313 accts · $1.0M emplr
2022$20.5M · 337 accts · $937K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$56,185
Investment management$56,173
Total administrative$112,358
The Makhteshim Agan of North America 401(k) match · 2024
Employer contribution per active participant$4,554
Median for plans this size$2,416
2024$4,554 per active participant
2023$4,662 per active participant
2022$4,220 per active participant

Makhteshim Agan of North America's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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 · 20242
ADP, INC. · Loan processing · Recordkeeping$56,185
MORGAN STANLEY SMITH BARNEY · Recordkeeping · Trustee$56,172

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

Recordkeeper by year2
2024ADP, Morgan Stanley
2023ADP, Morgan Stanley

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

Administrative cost history3
2024$112,358 · 0.42%
2023$105,498 · 0.46%
2022$99,677 · 0.46%
Same employer
Similar plansAgriculture, Forestry & Fishing · North Carolina
Case Foods, Inc. NC$46.7M · 0.23%
Z.V. Pate, Inc. NC$31.2M · 0.38%
Agdata, L.P. NC$23.0M · 0.19%
Duplin Wine Cellars, Inc NC$10.8M · 0.23%
Cahec Management, Inc. NC$9.3M · 0.54%
Baucom's Nursery Company NC$4.7M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 133619981 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.