Plan Ledger DOL Form 5500 · updated monthly

Ray-Carroll County Grain Growers401(k)

THE RESTATED THRIFT/PROFIT SHARING PLAN FOR COOPERATIVES · RICHMOND, MO · plan year 2024

Reported admin expense ratio · 2024
0.18%

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

Ray-Carroll County Grain Growers reported $14,366 in plan administrative expenses for 2024: 0.18% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,586 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 0.19% to 0.18%. 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 Missouri (906th of 1,393), and 489th of 945 in agriculture, forestry & fishing. In 2024, employees put in $1.86 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,839,201
Participants with balances178
Active participants135
Employer contributions$349,065
Employee contributions$649,599
Employer contribution per active participant$2,586
Average account balance$49,658
Benefits paid to participants$593,070
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$8.8M · 178 accts · $349K emplr
2023$7.4M · 174 accts · $377K emplr
2022$6.7M · 177 accts · $310K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$11,808
Investment management$2,558
Total administrative$14,366
The Ray-Carroll County Grain Growers 401(k) match · 2024
Employer contribution per active participant$2,586
Median for plans this size$1,313
2024$2,586 per active participant
2023$2,838 per active participant
2022$2,368 per active participant

Ray-Carroll County Grain Growers's 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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$9,248
DST ASSET MANAGER SOLUTIONS, INC. · Custodial (securities)indirect comp
MASSACHUSETTS FINANCIAL SERVICES CO · Custodial (securities)indirect comp
WELLINGTON TRUST CO., NA · 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$14,366 · 0.18%
2023$13,550 · 0.19%
2022$13,393 · 0.19%
Similar plansAgriculture, Forestry & Fishing · Missouri
Mfa Incorporated MO$154.5M · 0.18%
Monterey Pacific, Inc. CA$8.9M · 0.42%
Munger Bros., LLC CA$8.9M · 0.04%
Skyland Grain, LLC KS$8.9M · 0.52%
Legacy Fruit, LLC WA$8.8M · 0.47%
Trotter, Inc. NE$8.8M · 0.39%
Duncan Family Farms, LLC AZ$8.8M · 0.45%
Grayback Forestry, Inc. OR$8.8M · 0.97%

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Source: U.S. Department of Labor, Form 5500 series, EIN 440403200 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.