Plan Ledger DOL Form 5500 · updated monthly

Texas Farm Bureau401(k)

TEXAS FARM BUREAU COMPANIES 401(K) PLAN · WACO, TX · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Texas Farm Bureau reported $142,368 in plan administrative expenses for 2024: 0.08% of average plan assets, below the peer median. Employer contributions averaged $3,532 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 rose from 0.078% to 0.082%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 424th-largest of 5,688 plans among Texas employers on file, and the 623rd of 4,798 in finance & insurance. In 2024, employees put in $1.79 for every $1.00 the employer contributed; active participation has grown from 820 to 1,003 since 2022.

Plan summary
Net assets, end of year$181,699,882
Participants with balances1,213
Active participants1,003
Employer contributions$3,542,957
Employee contributions$6,338,650
Employer contribution per active participant$3,532
Average account balance$149,794
Benefits paid to participants$14,623,227
Plan auditUnmodified (clean) audit opinion
AuditorJAYNES, REITMEIER, BOYD & THERRELL
Plan history3
Yearassets · accounts · employer contribution
2024$181.7M · 1,213 accts · $3.5M emplr
2023$164.2M · 1,139 accts · $3.2M emplr
2022$142.5M · 1,024 accts · $2.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$101,529
Trustee / custodial$40,839
Total administrative$142,368
The Texas Farm Bureau 401(k) match · 2024
Employer contribution per active participant$3,532
Median for plans this size$3,635
2024$3,532 per active participant
2023$3,420 per active participant
2022$3,503 per active participant

Texas Farm Bureau's 2024 employer contribution ran below the $3,635 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
NEWPORT GROUP, INC. · Claims processing · Recordkeeping$101,529
NEWPORT TRUST COMPANY · Trustee$40,839

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

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

Administrative cost history3
2024$142,368 · 0.08%
2023$130,975 · 0.09%
2022$119,494 · 0.08%
All plans at this employer3
TEXAS FARM BUREAU & ADOPTING COMPANIES 401(K) PLAN & TRUST401(k)
TEXAS FARM BUREAU & ADOPTING COMPANIES DEFINED CONTRIBUTION PLANProfit-sharing plan
TEXAS FARM BUREAU COMPANIES 401(K) PLAN401(k)
Same employer
Similar plansFinance & Insurance · Texas
Argo Group US, Inc. TX$192.6M · 0.11%
Crow Family, Inc. TX$164.2M · 0.05%
Stellar Bank TX$149.8M · 0.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 741145986 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.