Plan Ledger DOL Form 5500 · updated monthly

Morning Star Company401(k)

MORNING STAR COMPANY 401(K) PROFIT SHARING PLAN · WOODLAND, CA · plan year 2024

Reported admin expense ratio · 2024
0.11%

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

Morning Star Company reported $93,419 in plan administrative expenses for 2024: 0.11% of average plan assets, below the peer median. Employer contributions averaged $2,364 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 0.13% to 0.11%. 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 1,092nd-largest of 9,483 plans among California employers on file, and the 48th of 945 in agriculture, forestry & fishing. In 2024, employees put in $2.22 for every $1.00 the employer contributed; active participation has grown from 551 to 706 since 2022.

Plan summary
Net assets, end of year$90,554,320
Participants with balances513
Active participants706
Employer contributions$1,668,661
Employee contributions$3,701,221
Employer contribution per active participant$2,364
Average account balance$176,519
Benefits paid to participants$2,398,701
Plan auditUnmodified (clean) audit opinion
AuditorDEMERA DEMERA CAMERON LLP
Plan history3
Yearassets · accounts · employer contribution
2024$90.6M · 513 accts · $1.7M emplr
2023$76.2M · 492 accts · $1.6M emplr
2022$62.7M · 497 accts · $1.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$93,419
Total administrative$93,419
The Morning Star Company 401(k) match · 2024
Employer contribution per active participant$2,364
Median for plans this size$3,635
2024$2,364 per active participant
2023$1,852 per active participant
2022$2,496 per active participant

Morning Star Company's 2024 employer contribution ran below the $3,635 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$99,059
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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

Administrative cost history3
2024$93,419 · 0.11%
2023$86,034 · 0.12%
2022$88,840 · 0.13%
Similar plansAgriculture, Forestry & Fishing · California
Olam Americas, Inc. CA$175.6M · 0.12%
Driscoll's, Inc. CA$170.1M · 0.02%
Western Growers Association CA$145.3M · 0.49%
Wm. Bolthouse Farms, Inc. CA$89.0M · 0.29%
Sakata Seed America, Inc. CA$76.9M · 0.10%
Grimmway Enterprises, Inc. CA$76.0M · 0.44%

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Source: U.S. Department of Labor, Form 5500 series, EIN 942421552 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.