Plan Ledger DOL Form 5500 · updated monthly

Pro Cooperative401(k)

THE RESTATED THRIFT/PROFIT SHARING PLAN FOR COOPERATIVES · POCAHONTAS, IA · plan year 2024

Reported admin expense ratio · 2024
0.12%

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

Pro Cooperative reported $18,131 in plan administrative expenses for 2024: 0.12% of average plan assets, lower than ~75% of peers. Employer contributions averaged $516 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 0.123%. 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 among the smaller plans on file in Iowa (465th of 878), and the 309th of 945 in agriculture, forestry & fishing. In 2024, employees put in $6.14 for every $1.00 the employer contributed; active participation has grown from 158 to 180 since 2022.

Plan summary
Net assets, end of year$16,052,388
Participants with balances227
Active participants180
Employer contributions$92,938
Employee contributions$570,925
Employer contribution per active participant$516
Average account balance$70,715
Benefits paid to participants$509,671
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$16.1M · 227 accts · $93K emplr
2023$13.4M · 222 accts · $81K emplr
2022$12.2M · 214 accts · $76K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$14,666
Investment management$3,045
Total administrative$18,131
The Pro Cooperative 401(k) match · 2024
Employer contribution per active participant$516
Median for plans this size$2,416
2024$516 per active participant
2023$478 per active participant
2022$480 per active participant

Pro Cooperative'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 · 20245
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$11,466
MASSACHUSETTS FINANCIAL SERVICES CO · Custodial (securities)indirect comp
WELLINGTON TRUST CO., NA · Custodial (securities)indirect comp
DST ASSET MANAGER SOLUTIONS, INC. · Custodial (securities)indirect comp
MORNINGSTAR INVESTMENT MANAGEMENT · Investment advisory (participants)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$18,131 · 0.12%
2023$16,167 · 0.13%
2022$17,057 · 0.12%
Same employer
Similar plansAgriculture, Forestry & Fishing · Iowa
Center Fresh Egg Farm LLP IA$29.0M · 0.71%
Stine Seed Farm, Inc. IA$26.2M · 0.42%
Stateline Cooperative IA$20.4M · 0.12%
Lynch Livestock IA$18.2M · 0.49%
United Farmers Cooperative IA$14.4M · 0.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 420150820 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.