Plan Ledger DOL Form 5500 · updated monthly

The Andersons, Inc.401(k)

THE ANDERSONS, INC. RETIREMENT SAVINGS INVESTMENT PLAN · MAUMEE, OH · plan year 2024

Reported admin expense ratio · 2024
0.10%

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

The Andersons, Inc. reported $350,716 in plan administrative expenses for 2024: 0.10% of average plan assets, above the peer median. Employer contributions averaged $6,410 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 0.07% to 0.10%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other wholesale trade employers. By assets it is the 132nd-largest of 3,295 plans among Ohio employers on file, and the 129th of 4,246 in wholesale trade. In 2024, employees put in $1.13 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$368,353,220
Participants with balances3,527
Active participants2,020
Employer contributions$12,948,668
Employee contributions$14,651,698
Employer contribution per active participant$6,410
Average account balance$104,438
Benefits paid to participants$51,272,809
Plan auditUnmodified (clean) audit opinion
AuditorLBMC PC
Plan history3
Yearassets · accounts · employer contribution
2024$368.4M · 3,527 accts · $12.9M emplr
2023$345.1M · 3,565 accts · $16.6M emplr
2022$288.5M · 3,528 accts · $15.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$98,344
Investment management$133,102
Audit (IQPA)$27,000
Total administrative$350,716
The The Andersons, Inc. 401(k) match · 2024
Employer contribution per active participant$6,410
Median for plans this size$4,294
2024$6,410 per active participant
2023$8,006 per active participant
2022$7,609 per active participant

The Andersons, Inc.'s 2024 employer contribution ran above the $4,294 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 · 20245
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$133,102
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$99,028
HIGHLAND CONSULTING ASSOCIATES, IN · Investment advisory (plan)$75,736
LBMC, PC · Accounting / audit$27,000
BAKER & HOSTETLER LLP · Legal$16,534

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$350,716 · 0.10%
2023$285,639 · 0.09%
2022$232,784 · 0.07%
Same employer
Similar plansWholesale Trade · Ohio
Cardinal Health, Inc. OH$4.8B · 0.05%
Dealer Tire LLC OH$419.4M · 0.16%
Covetrus, Inc. OH$289.6M · 0.13%
Dealer Tire LLC OH$274.7M · 0.16%
The Hillman Group, Inc. OH$191.0M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 341562374 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.