Plan Ledger DOL Form 5500 · updated monthly

Mfa Incorporated401(k)

MFA 401(K) PLAN · COLUMBIA, MO · plan year 2024

Reported admin expense ratio · 2024
0.18%

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

Mfa Incorporated reported $266,898 in plan administrative expenses for 2024: 0.18% of average plan assets, above the peer median. Employer contributions averaged $670 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 0.16% to 0.18%. 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 135th-largest of 1,393 plans among Missouri employers on file, and the 24th of 945 in agriculture, forestry & fishing. In 2024, employees put in $5.63 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$154,469,504
Participants with balances2,271
Active participants1,889
Employer contributions$1,265,720
Employee contributions$7,121,631
Employer contribution per active participant$670
Average account balance$68,018
Benefits paid to participants$14,384,927
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$154.5M · 2,271 accts · $1.3M emplr
2023$139.0M · 2,073 accts · $2.1M emplr
2022$120.2M · 2,022 accts · $2.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$235,483
Investment management$12,515
Audit (IQPA)$18,900
Total administrative$266,898
The Mfa Incorporated 401(k) match · 2024
Employer contribution per active participant$670
Median for plans this size$3,635
2024$670 per active participant
2023$1,181 per active participant
2022$1,174 per active participant

Mfa Incorporated'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 · 20243
JOHN HANCOCK RETIREMENT PLAN SVCS · Recordkeeping · Loan processing$235,483
ARMANINO, LLP · Accounting / audit$18,900
PENSION CONSULTANTS · Investment advisory (plan)$12,515

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$266,898 · 0.18%
2023$216,064 · 0.17%
2022$214,292 · 0.16%
Same employer
Similar plansAgriculture, Forestry & Fishing · Missouri
Fieldale Farms Corporation GA$164.2M · 0.31%
Aviagen, Inc. AL$162.7M · 0.03%
Urus Group LP WI$157.3M · 0.11%
Western Growers Association CA$145.3M · 0.49%
Genus WI$141.0M · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 430415080 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.