Plan Ledger DOL Form 5500 · updated monthly

River Country Cooperative401(k)

CO-OP 401(K) PLAN · INVER GROVE HEIGHTS, MN · plan year 2024

Reported admin expense ratio · 2024
0.35%

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

River Country Cooperative reported $36,332 in plan administrative expenses for 2024: 0.35% of average plan assets, above the peer median. Employer contributions averaged $1,779 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 0.35%. 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 Minnesota (1,246th of 1,918), and the 423rd of 945 in agriculture, forestry & fishing. In 2024, employees put in $1.86 for every $1.00 the employer contributed; active participation has grown from 144 to 173 since 2022.

Plan summary
Net assets, end of year$11,018,316
Participants with balances255
Active participants173
Employer contributions$307,819
Employee contributions$573,778
Employer contribution per active participant$1,779
Average account balance$43,209
Benefits paid to participants$1,075,208
Plan auditUnmodified (clean) audit opinion
AuditorCARLSONSV
Plan history3
Yearassets · accounts · employer contribution
2024$11.0M · 255 accts · $308K emplr
2023$9.9M · 245 accts · $297K emplr
2022$8.7M · 220 accts · $313K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$34,229
Total administrative$36,332
The River Country Cooperative 401(k) match · 2024
Employer contribution per active participant$1,779
Median for plans this size$2,416
2024$1,779 per active participant
2023$1,906 per active participant
2022$2,172 per active participant

River Country Cooperative's 2024 employer contribution ran below the $2,416 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
MILLIMAN, INC. · Recordkeeping · Loan processing$30,334

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

Recordkeeper by year2
2024Milliman
2023Milliman

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

Administrative cost history3
2024$36,332 · 0.35%
2023$35,578 · 0.38%
2022$35,161 · 0.36%
Similar plansAgriculture, Forestry & Fishing · Minnesota
Western Consolidated Co-Op MN$16.9M · 0.08%
New Vision Co-Op MN$16.2M · 0.08%
New Fashion Pork, LLP MN$13.4M · 0.82%
Sparboe Farms, Inc. MN$10.9M · 0.67%
Wakefield Pork, Inc. MN$10.2M · 0.45%
Lakes Area Cooperative MN$8.7M · 0.56%

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Source: U.S. Department of Labor, Form 5500 series, EIN 410251150 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.