Plan Ledger DOL Form 5500 · updated monthly

Sugar Cane Growers Cooperative of Florida401(k)

SUGAR CANE GROWERS COOPERATIVE OF FLORIDA 401(K) PLAN · BELLE GLADE, FL · plan year 2024

Reported admin expense ratio · 2024
0.40%

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

Sugar Cane Growers Cooperative of Florida reported $158,144 in plan administrative expenses for 2024: 0.40% of average plan assets, above the peer median. Employer contributions averaged $3,486 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 0.40%. 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 630th-largest of 3,644 plans among Florida employers on file, and the 110th of 945 in agriculture, forestry & fishing. In 2024, employees put in $1.18 for every $1.00 the employer contributed; active participation has grown from 486 to 584 since 2022.

Plan summary
Net assets, end of year$41,149,144
Participants with balances597
Active participants584
Employer contributions$2,035,878
Employee contributions$2,399,141
Employer contribution per active participant$3,486
Average account balance$68,927
Benefits paid to participants$5,289,882
Plan auditUnmodified (clean) audit opinion
AuditorJACOBY AND HANDLEY, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$41.1M · 597 accts · $2.0M emplr
2023$37.7M · 565 accts · $1.8M emplr
2022$33.6M · 648 accts · $1.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$78,144
Investment management$80,000
Total administrative$158,144
The Sugar Cane Growers Cooperative of Florida 401(k) match · 2024
Employer contribution per active participant$3,486
Median for plans this size$2,416
2024$3,486 per active participant
2023$3,812 per active participant
2022$3,740 per active participant

Sugar Cane Growers Cooperative of Florida's 2024 employer contribution ran above 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 · 20242
MMA SECURITIES · Investment advisory (plan)$80,000
FIDELITY WORKPLACE SERVICES LLC · Plan administrator · Trustee (discretionary)$78,144

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$158,144 · 0.40%
2023$174,814 · 0.49%
2022$157,337 · 0.41%
Same employer
Similar plansAgriculture, Forestry & Fishing · Florida
A. Duda & Sons, Inc. FL$128.7M · 0.10%
Rayonier Inc. FL$122.7M · 0.19%
Citrus World, Inc. FL$83.5M · 0.32%
Costa Farms, LLC FL$41.2M · 0.31%
Ben Hill Griffin, Inc. FL$34.3M · 0.30%
Barron Collier Partnership FL$33.3M · 0.02%
Lfc Enterprises LLC FL$27.9M · 0.36%

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Source: U.S. Department of Labor, Form 5500 series, EIN 590936222 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.