Plan Ledger DOL Form 5500 · updated monthly

Navajo Agricultural Products IndustryDC plan

NAVAJO AGRICULTURAL PRODUCTS INDUSTRY 401(K)SAVINGS PLAN · FARMINGTON, NM · plan year 2024

Reported admin expense ratio · 2024
0.03%

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

Navajo Agricultural Products Industry reported $2,056 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $996 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 0.025%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other agriculture, forestry & fishing employers. By assets it is among the smaller plans on file in New Mexico (148th of 290), and 499th of 945 in agriculture, forestry & fishing. In 2024, employees put in $1.47 for every $1.00 the employer contributed; active participation has grown from 235 to 396 since 2022.

Plan summary
Net assets, end of year$8,686,816
Participants with balances490
Active participants396
Employer contributions$394,450
Employee contributions$581,563
Employer contribution per active participant$996
Average account balance$17,728
Benefits paid to participants$849,128
Plan auditUnmodified (clean) audit opinion
AuditorREDW, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$8.7M · 490 accts · $394K emplr
2023$7.5M · 528 accts · $363K emplr
2022$6.2M · 482 accts · $334K emplr
Employer contributions to the Navajo Agricultural Products Industry plan · 2024
Employer contribution per active participant$996
Median for plans this size$1,313
2024$996 per active participant
2023$998 per active participant
2022$1,422 per active participant

Navajo Agricultural Products Industry's 2024 employer contribution ran below the $1,313 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 · 20241
MUTUAL OF AMERICA INVESTMENT CORP · Claims processing · Recordkeeping$3,226

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

Recordkeeper by year2
2024Mutual of America
2023Mutual of America

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

Administrative cost history3
2024$2,056 · 0.03%
2023$499 · 0.01%
2022$1,627 · 0.03%
Similar plansAgriculture, Forestry & Fishing · New Mexico
Gee Whiz II, LLC. WA$8.8M · 0.76%
Bleyhl Farm Service, Inc WA$8.8M · 0.38%
Lakes Area Cooperative MN$8.7M · 0.56%
Boskovich Farms, Inc. CA$8.7M · 0.64%

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Source: U.S. Department of Labor, Form 5500 series, EIN 850218765 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.