Plan Ledger DOL Form 5500 · updated monthly

The Agriculture and Labor Program, Inc.403(b)

THE AGRICULTURE AND LABOR PROGRAM INC RETIREMENT PLAN · LAKE ALFRED, FL · plan year 2024

Reported admin expense ratio · 2024
0.37%

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

The Agriculture and Labor Program, Inc. reported $13,655 in plan administrative expenses for 2024: 0.37% of average plan assets, below the peer median. Employer contributions averaged $1,454 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 0.03% to 0.37%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Florida (2,729th of 3,644), and 8,672nd of 11,911 in health care & social assistance. In 2024, the employer put in $1.35 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$3,824,317
Participants with balances338
Active participants156
Employer contributions$226,777
Employee contributions$168,288
Employer contribution per active participant$1,454
Average account balance$11,315
Benefits paid to participants$317,468
Plan auditUnmodified (clean) audit opinion
AuditorERIN PERDUE CPA LLC
Plan history3
Yearassets · accounts · employer contribution
2024$3.8M · 338 accts · $227K emplr
2023$3.6M · 326 accts · $217K emplr
2022$3.5M · 337 accts · $227K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$13,655
Total administrative$13,655
Employer contributions to the The Agriculture and Labor Program, Inc. plan · 2024
Employer contribution per active participant$1,454
Median for plans this size$1,313
2024$1,454 per active participant
2023$1,487 per active participant
2022$1,476 per active participant

The Agriculture and Labor Program, Inc.'s 2024 employer contribution ran above the $1,313 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.

Administrative cost history3
2024$13,655 · 0.37%
2023$2,688 · 0.08%
2022$923 · 0.03%
Same employer
Similar plansHealth Care & Social Assistance · Florida
Aran Eye Associates, P.A. FL$3.9M · 0.52%
Doctors Memorial Hospital FL$3.8M · 0.56%

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Source: U.S. Department of Labor, Form 5500 series, EIN 591634148 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.