Plan Ledger DOL Form 5500 · updated monthly

Missouri Farm Bureau Federation401(k)

MISSOURI FARM BUREAU SAVINGS PLAN AND TRUST · JEFFERSON CITY, MO · plan year 2024

Reported admin expense ratio · 2024
0.41%

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

Missouri Farm Bureau Federation reported $161,760 in plan administrative expenses for 2024: 0.41% of average plan assets, above the peer median. Employer contributions averaged $934 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 0.38% to 0.41%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 366th-largest of 1,393 plans among Missouri employers on file, and the 1,887th of 4,798 in finance & insurance. In 2024, employees put in $3.59 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$42,444,049
Participants with balances626
Active participants553
Employer contributions$516,285
Employee contributions$1,851,473
Employer contribution per active participant$934
Average account balance$67,802
Benefits paid to participants$2,730,390
Plan auditUnmodified (clean) audit opinion
AuditorWILLIAMS KEEPERS
Plan history3
Yearassets · accounts · employer contribution
2024$42.4M · 626 accts · $516K emplr
2023$36.9M · 619 accts · $536K emplr
2022$31.0M · 579 accts · $488K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$35,819
Investment management$125,941
Total administrative$161,760
The Missouri Farm Bureau Federation 401(k) match · 2024
Employer contribution per active participant$934
Median for plans this size$2,416
2024$934 per active participant
2023$983 per active participant
2022$943 per active participant

Missouri Farm Bureau Federation'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 · 20242
JOHN HANCOCK RETIREMENT PLAN SVCS · Recordkeeping · Loan processing$35,819
SUNDVOLD FINANCIAL · Consulting · Investment advisory (participants)$125,941

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$161,760 · 0.41%
2023$133,611 · 0.39%
2022$132,305 · 0.38%
Similar plansFinance & Insurance · Missouri
Bank of Washington MO$47.0M · 0.04%
Delta Dental of Missouri MO$46.0M · 0.15%
Nodaway Valley Bank MO$40.0M · 0.17%
First State Bancorp, Inc. MO$37.8M · 0.53%
Midwest Bankcentre MO$36.7M · 0.29%

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Source: U.S. Department of Labor, Form 5500 series, EIN 440356250 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.