Plan Ledger DOL Form 5500 · updated monthly

Stine Seed Farm, Inc.401(k)

STINE SEED COMPANIES MULTIPLE EMPLOYER 401(K) PLAN · ADEL, IA · plan year 2024

Reported admin expense ratio · 2024
0.42%

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

Stine Seed Farm, Inc. reported $103,018 in plan administrative expenses for 2024: 0.42% of average plan assets, above the peer median. Employer contributions averaged $1,693 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 0.46% to 0.42%. 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 the 339th-largest of 878 plans among Iowa employers on file, and the 187th of 945 in agriculture, forestry & fishing. In 2024, employees put in $2.66 for every $1.00 the employer contributed; active participation has grown from 364 to 424 since 2022.

Plan summary
Net assets, end of year$26,191,363
Participants with balances346
Active participants424
Employer contributions$717,949
Employee contributions$1,907,927
Employer contribution per active participant$1,693
Average account balance$75,698
Benefits paid to participants$1,895,618
Plan auditUnmodified (clean) audit opinion
AuditorHOUSTON & SEEMAN PC
Plan history3
Yearassets · accounts · employer contribution
2024$26.2M · 346 accts · $718K emplr
2023$22.4M · 325 accts · $598K emplr
2022$16.7M · 262 accts · $529K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$103,018
Total administrative$103,018
The Stine Seed Farm, Inc. 401(k) match · 2024
Employer contribution per active participant$1,693
Median for plans this size$2,416
2024$1,693 per active participant
2023$1,499 per active participant
2022$1,452 per active participant

Stine Seed Farm, Inc.'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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$88,051
NEWPORT GROUP INC. · Contract administrator · Other services$14,825
NORTHWESTERN MUTUAL WEALTH MGMT · 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$103,018 · 0.42%
2023$77,272 · 0.40%
2022$81,747 · 0.46%
Similar plansAgriculture, Forestry & Fishing · Iowa
Agstate IA$31.0M · 0.44%
Key Cooperative IA$30.5M · 0.18%
Trans Ova Genetics L.C. IA$30.5M · 0.35%
Center Fresh Egg Farm LLP IA$29.0M · 0.71%
Stateline Cooperative IA$20.4M · 0.12%
Lynch Livestock IA$18.2M · 0.49%
Pro Cooperative IA$16.1M · 0.12%

Why are you looking at this plan?

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Source: U.S. Department of Labor, Form 5500 series, EIN 420951585 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.